Our first mixed-use commercial construction project in the Central Business District, Solitaire on Cecil, has completed ground strengthening and progressed to piling phase. The project consists of a 20-storey office building comprising restaurants on the first storey with two basement carparks on Cecil Street. Our residential construction project, Sky Eden @ Bedok, had its topping out ceremony before Lunar New Year on 27 January 2025. Phase 1 of the additions and alterations work to the Grand Hyatt Singapore Hotel was completed in April 2024 with the soft opening having been held in July 2024. The next phase, which comprises among other things, refurbishment to over 400 rooms, is slated for completion in the second quarter of this year. With respect to our public sector projects, Phase 2 of the new National Skin Centre at Mandalay Road, comprising a five-storey building with basement and Mechanical and Electrical roof was awarded Temporary Occupation Permit (“TOP”) in December 2024. We hope to receive the Certificate of Substantial Completion in the first quarter of 2025. The Punggol Regional Sports Centre is almost completed. However, with additional variation works on rain screens and football pitch lightings, the TOP is expected in the third quarter of this year. Bored piling has been completed for the Housing and Development Board’s (“HDB”) Tengah Plantation C5 project, with superstructure structural works reaching the fourth and sixth storeys for the more advanced blocks. We enter 2025 with a healthy order book currently valued at approximately S$368 million as at 30 September 2024. With our latest portfolio of projects, our residential projects and commercial projects are in the proportion of 49% and 51% respectively. 05 ANNUAL REPORT 2024 CHAIRMAN’S MESSAGE
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