Soilbuild Construction Secures S\$151.3 Million in Green Contracts to Strengthen Order Book
Singapore, 15 January 2025 – Soilbuild Construction Group Ltd. has announced it has been awarded two significant contracts with a combined value of approximately S\$151.3 million, solidifying its position as a leading player in the construction market. The company’s order book now stands at an impressive S\$1.32 billion, reflecting sustained growth and demand for its services.
Key Details of the Contracts
The first project entails the construction of a multi-storey industrial complex at Loyang Way, Singapore. This complex, designed for a single user, is scheduled for completion by the second quarter of 2027. The second project involves additions and alterations to an existing multi-storey industrial development at Changi North, Singapore, with completion targeted for the fourth quarter of 2025.
Both projects are designed to achieve the prestigious Green Mark Gold Plus certification under the Building & Construction Authority (BCA)’s Green Mark Certification Scheme, underlining Soilbuild’s commitment to eco-sustainability and green construction practices.
Strategic Importance for Shareholders
These developments are crucial for investors and shareholders as they highlight Soilbuild’s growing expertise in green building—a market segment that is becoming increasingly prioritized by developers and property owners. Green buildings are widely viewed as contributing to long-term asset value, a trend that could enhance the company’s reputation and profitability in the years to come.
According to Executive Director and Group Chief Executive Officer Mr. Lim Han Ren, “The business case for green buildings contributing to long-term asset value has become increasingly clear, reflecting a broader trend of property owners prioritising sustainability in their projects. Our growing order book, which is currently at S\$1.32 billion, stands as a testament to the trust placed on our capabilities as a green builder.”
Potential Market Impact
With an expanded order book and a clear focus on sustainability-oriented projects, Soilbuild Construction’s latest contract wins could positively influence its share value. Both contracts signify the company’s ability to secure large-scale, long-term projects in a competitive market environment, further establishing its credentials as a leader in the green construction sector.
Investors may interpret the growing order book as a sign of robust demand for Soilbuild’s services, potentially attracting more interest in the company’s stock. The emphasis on eco-sustainability aligns with global trends, potentially making Soilbuild a more appealing option for ESG-focused investors.
About Soilbuild Construction Group
Soilbuild Construction Group Ltd. has a strong track record spanning over 40 years in the construction industry. The company offers a full spectrum of real estate services, including design and build, turnkey construction, project management consultancy, procurement, and mechanical and electrical installation. It has received multiple architectural and environmental awards, further solidifying its reputation in the market.
One of its subsidiaries, Precast Concrete Pte Ltd., specializes in manufacturing prefabricated and precast building components, with automated facilities in Singapore and manufacturing plants in Malaysia.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research or consult with a licensed financial advisor before making investment decisions. The author and publisher are not responsible for any investment decisions made based on this article.
