LaSalle Investment Management and Lian Beng Group have bought a residential site in Singapore's prime shopping district for $148 million (US$104 million), the construction firm said on Wednesday.
Lian Beng, which has 10 per cent equity in the Emerald Hill site off Orchard Road, said in a statement that it is also the main contractor for the development.
The latest construction contract, worth about $34 million, brings Lian Beng's orderbook to about $608 million. -- REUTERS
Source : Business Times - 9 Jan 2008
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