KSH Holdings Ltd. announced that it has received the letter of acceptance worth approximately SGD 142.3 million from Quarry Bay Pte Ltd. for the main contract works of Q Bay Residences at Tampines Avenue 10 ­ a private condominium in Tampines that is also the first private condominium to launch
in 2013. Quarry Bay is a consortium comprising Frasers Centrepoint, Far East Organization and Sekisui House. The construction of Q Bay Residences is expected to commence in April 2013 for a total construction period of 33 months. With this new contract win, the existing order book of the Group's construction business increases to more than SGD 460 million. Under the terms of the contract, the works will include the construction of 8 blocks of
16-Storey apartments with 630 units in total, with shops, common basement's carparks, landscape deck and communal facilities.