Landmark Building
Hyundai Engineering and Construction (Hyundai E&C) said on Feb. 26 that it received a new contract to construct Fraser's Tower worth US$211.46 million (about 233.6 billion won) from FC Commercial Trustee, a subsidiary of Singaporen real estate development company Fraser Centrepoint.
This office building will be comprised of three basements, 38 floors, and an annex totaling 77,162 square meters in area. The construction begins this April and it is expected to be completed in March 2018.
The building will be situated at Cecil Street, which is in the most concentrated central business district in southern Singapore. So, it is expected to become a landmark in the region in the future.
An official from Hyundai E&C said, “The order this time is meaningful in that we got it by being recognized for our successful water town complex development in 2012, a US$380 million project received from the same contractor.”
The Korean builder received an order for Marina South complex development worth US$1.3 billion, which is the highest single construction porject in Singapore, in 2013. This company has been building at 14 different sites altogether worth US$4.487 billion in the city.