Mainboard-listed Tiong Seng Holdings has secured a S$130.5 million contract from Midtown Development to develop a 20-storey hotel building at Club Street, it announced on Tuesday.
The development will include shops and restaurants on the ground level, 19 storeys of hotel accommodation and a basement carpark. Site possession is expected to take place within August 2019. The construction firm said the project will use a full concrete PPVC method, in which concrete modules will be produced at Tiong Seng's production facility and then transported to the site for assembly.
"Located in close proximity to the Central Business District, this development will allow us to showcase our diversified product offering, quality of workmanship and ability to complete projects of varying complexity, uses and scale," said Tiong Seng CEO Pek Lian Guan."As a first-of-its-kind hotel in Singapore to be built using a fully concrete PPVC method, this project will continue to elevate our position as an industry leader in harnessing cutting-edge construction solutions.