Wednesday, March 12, 2008

Singapore's KSH wins $87 mln Sentosa condo project

SINGAPORE, March 12 (Reuters) - Construction firm KSH Holdings said on Wednesday that it has won a S$121 million ($87 million) contract to build a luxury condominium project on Singapore's Sentosa island.

The contract, awarded by joint venture developers Ho Bee and IOI Land, brings KSH's existing order book to over S$614 million, the company said in a statement.

KSH managing director Choo Chee Onn told Reuters in an interview last month that the firm is aiming to get S$350-S$400 million worth of contracts this year, lower than in 2007 as a construction boom cools amid fears of an economic downturn.

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