Six New Contracts Spanning Luxury Hotels, Serviced Apartments, and Premium Condominiums Extend Primech's Footprint Across Singapore's Private Sector Property Market
SINGAPORE, June 25, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) ("Primech" or the "Company"), a leading technology-driven facility services provider serving public and private sectors across Singapore, today announced that its subsidiary, Primech A & P Pte. Ltd., has been awarded six new facility services contracts valued at approximately S$3.46 million (US$2.67 million) in aggregate, with contract terms ranging from one to three years.
The awards span Singapore's premium hospitality and residential property segments, comprising a landmark luxury hotel, a serviced apartment property and four residential condominium developments located across multiple districts in Singapore. Together, the contracts reinforce Primech's growing presence in Singapore's high-standard private property market.
Deepening Primech's Hospitality and Residential Portfolio
The six newly awarded contracts represent a broad cross-section of Singapore's private property landscape and further strengthen Primech's presence across the hospitality and residential sectors. Among the awards is a two-year engagement covering public area cleaning at a luxury hotel, where maintaining exceptional presentation standards across lobbies, event spaces and shared amenity areas is integral to the guest experience.
Complementing this flagship engagement, Primech has secured a cleaning services contract at a serviced apartment property, as well as four residential condominium developments located across multiple districts in Singapore. Together, these appointments reflect the Company's ability to support diverse property types that demand consistent service quality, operational reliability and attention to detail.
Strengthening Private Sector Positioning
At approximately US$2.67 million in aggregate, this batch of awards underscores the breadth of Primech's operational capabilities across Singapore's hospitality and residential property sectors. Hotels and premium condominiums require facility service providers to maintain exacting standards with minimal disruption to residents and guests, a capability that Primech has built through years of deployment across complex, high-footfall properties.
The mix of contract durations, from one to three years, provides layered near-term revenue visibility, while the geographic spread across central and suburban Singapore reflects the Company's ability to deploy and manage cleaning operations efficiently across the island.