BBR Holdings’ subsidiary secures PPVC contract to construct student hostel at Nanyang Technological University
SINGAPORE, 2 July 2015 – MAINBOARD-LISTED BBR Holdings (S) Ltd (BBR 控 股) (“BBR” or “the Group”) announced today that it has successfully secured its second Pre-fabricated Pre-finished Volumetric Construction (“PPVC”) contract for the erection of one block of 11-storey and three blocks of 13-storey student hostel development and one block of 4-storey multi-storey car park with ancillary facilities at Nanyang Crescent, Nanyang Technological University (Western Water Catchment) (the “Project”). The Project is scheduled to be completed in the second quarter of 2017.
The Project’s main contractor is Santarli – Zheng Keng JV, which awarded the PPVC subcontract works to Moderna Homes Pte Ltd (“Moderna Homes”), BBR’s 75%- owned subsidiary. This contract win will bolster the Group’s net order book, which stood at S$555 million as at 5 May 2015.
The scope of works involves the supply and installation of PPVC, which is a light- weight steel modular system where room-sized units complete with internal finishes, fixtures and fittings are pre-fabricated in factories, and are then transported to construction sites for installation and assembly to form modular apartments.
BBR’s Chief Executive Officer, Mr Andrew Tan (陈庆辉) said: “We are pleased with the recent contract win by Moderna Homes. We believe that as anapproved supplier for PPVC, Moderna Homes is poised to ride on the rising demand for labour-efficient construction methods supported by the government’s drive to improve productivity in the construction sector.”
Moderna Homes is a recent addition to the Group following the acquisition of a 75% stake in September 2014 and has since been integrated to the Group to realise synergies with our core engineering competencies.
This contract win comes after BBR’s wholly owned subsidiary Singapore Piling & Civil Engineering Private Limited secured a S$196 million contract for an earlier phase to construct the new hall of residence for Nanyang Technological University at Nanyang Avenue (refer to BBR’s announcement dated 1 July 2014). Notably, the project was the first public high-rise development in Singapore to deploy PPVC technology.
About BBR Group (www.bbr.com.sg)
The BBR Group (BBR控股) is one of Singapore’s leading construction groups with more than 20 years of industry experience and businesses spanning across General Construction, Specialised Engineering, Property Development and Green Technology.
Established in 1993, the Group today has a presence in Singapore, Malaysia and the Philippines. Its General Construction activities are mainly undertaken through its wholly- owned subsidiary, Singapore Piling & Civil Engineering Private Limited (Singapore Piling), a company it acquired in 2001. Singapore Piling has a more than 40-year history and has been registered with the Building and Construction Authority of Singapore under the “A1” classification since 1984. Its Specialised Engineering arm is part of the BBR Network that spans 50 countries.
BBR’s Property Development projects are as follows: Lush on Holland Hill, a freehold development with 56 spacious units in two 12-storey blocks completed in 2012; Bliss @Kovan, another freehold site to be developed into a five-storey condominium with superior design elements consisting of 140 units; 8 Nassim Hill, an upmarket development comprising 16 super luxury triplex units with basement carparks completed in 2010; Lake Life, a proposed development for 546 units of executive condominium on a 99-year leasehold HDB land site at Yuan Ching Road/Tao Ching Road, Jurong; and a new 99-year leasehold land parcel at Yishun Ave 4 secured in January 2015 for a proposed mixed commercial and residential property development.
The Group was listed on the Singapore Exchange Sesdaq in 1997 and was subsequently upgraded to the Mainboard in September 2006.
Issued on behalf of BBR Holdings (S) Ltd by Waterbrooks Consultants Pte Ltd
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