OKP Holdings Secures S\$87.3 Million LTA Contract for Jurong Region Line Infrastructure Works

Key Highlights for Investors

• Major Contract Win: OKP Holdings Limited has secured a significant S\$87.3 million contract from the Land Transport Authority (LTA) of Singapore. This contract is for the design and construction of commuter infrastructure works around the upcoming stations of the Jurong Region Line (JRL).
• Scope of Works: The project will involve OKP’s wholly-owned subsidiary, Or Kim Peow Contractors (Private) Limited, and covers:
  • Design and construction of both high and standard covered linkways for sheltered pedestrian and commuter connectivity.
  • Construction of new cycling paths, shared paths, and footpaths.
  • Roadworks integrated with the covered linkway works.
  • Associated works such as the reconstruction, modification, or reinstatement of affected infrastructure (retaining walls, drains, roads, street furniture, trees, and turfing works).
• Contract Duration: The 60-month contract commenced on 27 February 2026 and is expected to extend until 2031.
• Boost to Order Book: This contract uplifts OKP’s current net construction order book to S\$627.2 million, with projects extending to 2031, providing strong revenue visibility and stability for the coming years.

Strategic and Share Price Sensitive Information

• Reinforced Market Position: OKP’s ongoing relationship with the LTA is further cemented by this award, demonstrating the Group’s reputation and track record for delivering critical infrastructure projects in Singapore. This endorsement by a major government agency could positively impact investor confidence and potentially move the share price.
• Participation in Major National Project: OKP is now integrally involved in Singapore’s next phase of rail expansion, linking its fortunes to the nation’s long-term transport and urban development strategies. The contract involves not only new infrastructure but also complex integration with current and future urban environments.
• Previous Large Contract Wins: OKP’s wholly-owned subsidiaries have recently secured four additional LTA contracts totaling S\$617.8 million for the construction of cycling path networks (CPN) across Singapore, including a record S\$258.3 million contract in May 2025 for the East region. This demonstrates a strong pipeline and a proven ability to win and execute large projects.
• Top-Tier Contractor Status: Both Or Kim Peow Contractors (Pte) Ltd and Eng Lam Contractors Co (Pte) Ltd are classified as A1 grade civil engineering contractors under the BCA Contractors’ Registry System, allowing them to tender for public sector construction projects of unlimited value. This further enhances OKP’s ability to secure high-value projects in the future.
• Diversification Strategy: OKP continues to diversify its earnings through property development and investment, including projects like LakeLife, The Essence, Phoenix Residences, and several commercial property acquisitions in Singapore and Australia. The Group’s property portfolio provides recurrent income streams, adding resilience to its overall business model.
• Asset Realisation: OKP recently sold its freehold conservation shophouses at 69 and 71 Kampong on 6 March 2026, showing active asset management and capital recycling.

Management Commentary

Group Managing Director, Mr Or Toh Wat:
“We are deeply honoured to be awarded this contract from the LTA. This project is a strong vote of confidence in OKP’s engineering expertise and our proven ability to deliver complex infrastructure works safely, efficiently, and to the highest standards of quality. We are excited to contribute to this wider public transport ecosystem to strengthen connectivity and improve accessibility for residents, businesses and communities in the west of Singapore. We are committed to executing this project with excellence, leveraging our deep engineering capabilities and experienced team. Working closely with our partners and stakeholders, we will continue to play our part in building a resilient, sustainable and future-ready transport ecosystem that not only moves people efficiently but also contributes to Singapore’s long-term sustainability goals.”

Company Profile

OKP Holdings Limited is a leading Singapore-based infrastructure and civil engineering company, listed on the Mainboard of the Singapore Exchange since 2002. The Group specialises in large-scale public and private sector projects, including airport infrastructure, expressways, bridges, roads, and oil and gas-related infrastructure. OKP’s client base features key public agencies (Changi Airport Group, HDB, JTC, LTA, NParks, PUB, URA) and major private sector clients (ExxonMobil, Foster Wheeler Asia Pacific, WorleyParsons). The Group’s capabilities and strong track record in the sector have enabled it to secure and deliver numerous high-value contracts.

Implications for Shareholders

• This major contract win and the resulting uplift in OKP’s order book are likely to be viewed positively by the market, as they provide improved revenue visibility, potential earnings growth, and demonstrate continued operational excellence.
• OKP’s expanding portfolio of both construction and property assets, together with its A1 grading, positions the company well for future growth and resilience against sector volatility.
• Investors should note OKP’s strategy of asset recycling and geographic diversification, which could support further value creation and reduce earnings concentration risk.

Contact Information

For further information, investors and analysts can contact OKP’s media representatives, Hui Kheng Chia or Jaslin Tan at CDR, during office hours at 6534-5122 or via email at [email protected].

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence and consult their financial advisers before making any investment decisions. The author and publisher accept no liability for any losses arising from reliance on the information provided herein.

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