Lotte Construction Wins 120 Billion KRW Traffic Hub Project in Singapore

Aerial view of the integrated transport hub in the Jurong East area of Singapore

Lotte Construction has entered the Singapore construction market by winning the approximately 120 billion KRW 'J121 Integrated Transport Hub Project' commissioned by the Land Transport Authority (LTA) of Singapore.

This project involves the construction of an integrated transport hub in the eastern Jurong area and was commissioned using the Design & Build method, which integrates design and construction. The integrated transport hub will include office spaces, commercial facilities, and a bus interchange. One 27-story building will be connected via a skybridge to an 8-story podium building. The project was jointly awarded with the local Singaporean company Bintai Kindenko, and Lotte Construction will be responsible for the design and construction of the mechanical and electrical works.

A Lotte Construction official described this contract as "a meaningful first step into the advanced construction market of Singapore."

Recently, Lotte Construction has been actively expanding its global market presence for future growth, focusing especially on expanding business in Southeast Asia, centered on Vietnam and Indonesia.

In Vietnam, the company is currently constructing the large-scale complex mall 'Lotte Mall Hanoi' in the capital city Hanoi, and last year secured a hotel construction contract worth 350 billion KRW in the Starlake New City.

They are also actively developing investment and development projects, including the large-scale mixed-use development 'Lotte Eco Smart City' in the Thu Thiem area of Ho Chi Minh City. In the housing sector, through partnerships with local developers, they are advancing four projects in Ho Chi Minh City and one in Hanoi.

Among these, the Ho Chi Minh 'La Premier Development Project (725 apartment units)' and 'Centuria D9 Development Project (2,410 units including apartments, villas, and shophouses)' are scheduled for sales in the second half of this year. In Indonesia, through collaboration with the major local developer Modernland, they are progressing with the 'Garden City New East 2 Development Project (3,300 apartment units)' in Jakarta, and as a new project, they are pursuing a mixed-use residential and commercial development with 2,500 apartment units in the Kelapa Gading area.

In 2018, Lotte Construction first entered Cambodia and successfully completed the 'Satapana Bank Headquarters Construction' in Phnom Penh in January of this year. They have also executed multiple chemical plant projects in Malaysia.

A Lotte Construction official stated, "We will actively pursue orders in various fields such as architecture, civil engineering, and infrastructure based on local branches, and plan to accelerate expansion into neighboring Southeast Asian countries such as the Philippines by enhancing our global competitiveness."

This content was produced with the assistance of AI translation services.