CHEVALIER Development International has secured the main contractor's contract worth more than $1.3 billion from Wheelock Properties for its Diamond Hill project.
The project - consisting of a five-block residential and commercial development - is the group's biggest construction project in hand.
Chevalier won the contract through wholly owned subsidiary Chevalier Construction. The development is scheduled to finish in 780 days, although the commercial section should be completed in the second half of next year.
Group chairman Chow Yei-ching declined to reveal the exact value of the contract at the announcement of the deal after the company's annual meeting yesterday.
Bidding for the project, the site of which was bought for $3.53 billion at an auction in February last year, has been a subject of contention because Wheelock had held two tenders for the project.
Meanwhile, Chevalier plans to submit bids for two airport projects.
