03-11-2011, 05:02 PM
(03-11-2011, 03:38 PM)yeokiwi Wrote:(03-11-2011, 12:50 PM)karlmarx Wrote: i don't think there's a construction boom.
but i do think okp has a good number of government contracts on infrastructure works, which has kept it ahead of other construction companies.
Have you visited Punggol?
I had lost count of the no. of cranes.
Due to the building of IRs, many construction of the public facilities were delayed. This year, there will be 30000 HDB flats, many MRT stations and depots, sport hub, marina south(khazanah is dying to build some buildings..), expansion of marina sands(hey... the conference venues are fully booked and hotel occupancy hits 98%) if Sing Gov agrees, Jurong lake district, SUTD and quite likely, the terminal 4 of changi airport.
I wonder how many of them will be canceled when recession hits..haha..
must be cautioned that OKP is mainly focused in infrastructure construction. HDB & even MRT railways are unlikely a sales driver for them since they have relatively no experience in that area. Main sales construction driver for OKP will be expressway or road widening. Latest Annual Report under LTA did show a lot of new projects coming up - big scale one is the North-South expressway