BUILDING CONSTRUCTION – A CORE OF OUR BUSINESS Our construction business performed well, with ongoing projects making significant contributions to our profits. Efficient management of the projects with high productivity have enabled us to keep within our schedules. Solitaire on Cecil, our first mixed-use commercial construction project, consists of a 20-storey office building comprising restaurants and retail shops on the first storey with two basement carparks in the heart of the Central Business District. We are pleased to report that piling works, the most technically demanding phase of the development, have been successfully completed. With the ground risks substantially mitigated, the project has transitioned into excavation and pile cap construction works, and progress has stabilised. Management remains focused on maintaining steady progress and advancing the substructure works in accordance with the revised programme. Sky Eden@Bedok, a mixed-use residential development by Frasers Property has obtained its Temporary Occupation Permit (TOP) in September 2025. The Housing and Development Board’s Tengah Plantation C5 Build-To-Order project has been progressing well with structural works and site activities generally on schedule. Key building and civil works are advancing in accordance with the construction programme. The additions and alterations work to the Grand Hyatt Singapore, which comprised among other things, major retrofitting to over 400 guest rooms were completed in July 2025. Work on the Punggol Regional Sports Centre is also nearing completion, with TOP targeted in March 2026. Our order book as at 30 September 2025 is currently valued at approximately S$203 million with our residential projects and commercial projects in the proportion of 49.8% and 50.2% respectively. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 05 LETTER TO SHAREHOLDERS
RkJQdWJsaXNoZXIy NTM2MDQ5