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Developers 'in two main camps over how much to bid for land'

Singapore ARE developers too aggressive in bidding up land prices in Singapore? It may well depend on who you ask. A new study on winning bids this year has tossed up a contrarian view on their bidding behaviour, with more than half of the winning bids regarded as measured. About 58 per cent of the winning bids suggest that developers were expecting selling prices for new projects to be either around current levels or up... ...more

Homeowners, developers willing to pay more for green buildings: survey

Singapore HOMEOWNERS and developers in Singapore are willing to pay more for green buildings in recognition of their benefits, according to a survey released by the Building & Construction Authority (BCA) on Wednesday. More than 70 per cent of homeowners acknowledged that green buildings have a better resale value and about half of them were willing to pay 3 to 4 per cent more for a green building that is certified by the BCA Green... ...more

En bloc fever rages as Pearlbank aims for S$728m

Singapore OWNERS of the iconic Pearlbank Apartments are hoping that the en bloc fever will last as the tender for its sale will be launched with a reserve price of S$728 million. Meanwhile, Parkway Mansion in Katong, Derby Court near Novena and Riviera Point close to Great World City also jumped onto the collective sale bandwagon. Condominium projects Pearlbank Apartments and Parkway Mansion will launch separate tenders for collective sale on... ...more

En bloc sales may run into new road-block

Singapore PROPERTY developers of newly acquired collective-sales sites now have to obtain an additional layer of approval from the Land Transport Authority (LTA) to ensure that their proposed increase in number of dwelling units does not exert undue pressure on existing infrastructure. Property consultants say the need for this extra paperwork - called the pre-application feasibility study (PAFS) - had taken effect earlier this year, but was only... ...more

Building quality with innovation

AS a building façade specialist, Seiko Architectural Wall Systems completes the look of buildings by providing and installing building façade components. Building façades do not just improve the aesthetics of a building, but also act as a layer of protection to shield the building from the elements. As part of succession planning, Rodney Cheong joined the family business in 1994 under the advice of his father, the non-executive chairman of Seiko.... ...more

Teambuild secures first-mover status in pre-fab building

Singapore BEING a technology pioneer can come with an unexpected cost: Curious visitors. Teambuild Construction is one of the earliest adopters of prefabricated pre-finished volumetric construction (PPVC) technology in Singapore, a building method that involves making modules and completing finishes in factories before assembling them on-site. Singapore government agency officials, delegates from Hong Kong and Malaysia, and even competitors, have... ...more

Rooftop farms now allowed under landscape replacement policy: URA

Singapore MORE urban rooftop farms may soon crop up after the Urban Redevelopment Authority (URA) expanded its landscape replacement policy to allow rooftop urban farms and vertical greens to be used to replace the greenery lost due to development. URA on Thursday said the Landscaping for Urban Spaces and High-Rises (Lush) programme will now be expanded such that up to 10 per cent of the hardscape area can be provided in the form of urban... ...more

CapitaLand's profit up 28% to $317m in Q3

Fair value gains and investment returns boosted third-quarter earnings at developer CapitaLand. Net profit came in at $316.95 million for the three months to Sept 30, up 28.1 per cent on the same period a year earlier.Revenue was $1.5 billion, up 9.7 per cent, the company reported yesterday. The fair value gains from investment properties came from Golden Shoe Car Park, the serviced residence component of Funan integrated development here, and... ...more