Oversea Education splurged $233.5m in construction of new campus

Target completion is in April, 2015.

According to OSK, Oversea Education, a holding company which operates a private foreign system school Singapore, announced yesterday that it has awarded a SGD233.5m contract to Who Hup Limited in constructing its new campus. 

Here's more:

The new campus is situated at the junction of Pasir Ris Drive 3 and Elias Road, consisting of two 12-storey teaching blocks, a 7-storey administration block, a performing arts centre and auditorium, elevated sports field and 50-metre swimming pool.

The work will commence in September 2013 and it is expected to complete in 19 months time (by April 2015). The initial funding will come from internal source of cash while the remaining balance may come either through external bank borrowings and/or raising of equity.