Category Archives: HDB

Wee Hur Construction awarded S$109m contract

Posted on 4 Jun 2011 | Comments Off on Wee Hur Construction awarded S$109m contract

Wee Hur Construction has been awarded a public housing works contract worth S$109 million. This will cover the construction of eight residential blocks, an electrical substation, a multi-storey car park, and other services at Yishun Neighbourhood 4.

This will form a precinct named Vista Spring @ Yishun, comprising about 700 units.

As of March 31, the group’s order book stood at approximately S$333.6 million.

The project will commence from June 23 and is expected to completed by March 2014. Revenue from the project will come in mainly in the financial years of 2012 to 2014.

Wee Hur said that the recent call by newly appointed Minister for National Development Khaw Boon Wan for more flats was good news for construction companies like itself.

Source : CNA – 3 Jun 2011

Comments Off on Wee Hur Construction awarded S$109m contract

Posted in Construction, Developers, HDB

Tagged , , , , , , ,

HDB launches new issuance of notes

Posted on 4 Jun 2011 | Comments Off on HDB launches new issuance of notes

The Housing and Development Board (HDB) has launched a new issuance of notes under its S$7 billion Medium Term Note (MTN) programme. The issuance comprises a S$350-million, 5-year Fixed Rate Note issue with a coupon of 1.685 per cent per year.

The notes to be issued will be in denominations of S$250 thousand and will be offered by way of placement to investors.

The joint lead managers are ANZ bank, DBS, HSBC, OCBC, Standard Chartered and UOB.

Under the MTN programme, the HDB may from time to time issue bonds or notes to finance its development schemes and working capital requirements.

Source : Today – 4 Jun 2011

Comments Off on HDB launches new issuance of notes

Posted in HDB

Tagged , , , , , , , , ,