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Hugh Lim appointed new BCA chief exec

Singapore HUGH Lim, deputy secretary (community, youth and sports) of the Ministry of Culture, Community and Youth (MCCY), will take over from John Keung at the helm of the Building and Construction Authority (BCA). The BCA and the Ministry of National Development on Monday said that Dr Keung, chief executive officer of BCA, will relinquish his position on June 1, 2017. He will become the dean of BCA Academy. Mr Lim will be appointed as BCA's CEO-designate on April 1, 2017, before taking on the ...more

KSH bags S$146m contract from NUS

Singapore CONSTRUCTION and property firm KSH Holdings on Monday announced that it has clinched a S$145.7 million contract from the National University of Singapore (NUS) - to build a research building comprising 16 floors and a basement. The project, which will lift KSH's order book to over S$360 million, is expected to start on April 1, 2017 and complete within 24 months. The project is expected to progressively contribute positively to KSH's financial performance from FY2018, the company said. ...more

Interior design trade bodies act to lift standards

Singapore LOCAL interior design firms looking to move into China will soon be able to count on assistance from the recently revived Society of Interior Designers Singapore (Sids) which has lined up ambitious plans to advance the industry's interests. Back after more than a decade of dormancy, Sids is now working with design associations and design institutes in China and has set up four Singapore Design Outposts (SDOs) in Yunnan, Hangzhou, Changsha and Chongqing. Through the SDOs, Sids aims to f ...more

CapitaLand said to be eyeing Asia Sq Tower 2

REAL estate developer and fund manager CapitaLand is said to be in exclusive negotiations to acquire Asia Square Tower 2 from BlackRock, PERE reported on Thursday. The publication, which reports on news in the private real estate markets, cited sources familiar with the transaction as saying that the price that CapitaLand has agreed to pay for the 46-storey prime commercial building in Singapore's Marina Bay district is more than S$2,700 per square foot (psf). When contacted, John Saunders, Head ...more

Company Briefs: Soilbuild Construction Group

Soilbuild Construction Group Soilbuild Construction Group has been awarded a $149.4 million HDB contract to build Bedok Food City, a five-storey food complex in Bedok North Avenue 4. The project is expected to start this quarter and will take about two years and eight months to complete. This latest contract has raised the group's order book to $562.2 million. The project is not expected to have a material impact on the company's consolidated net tangible assets and earnings per share for the fi ...more

Developers' sales in Feb signal pick-up in momentum, say analysts

Singapore DEVELOPERS' sales momentum had picked up this year, even before the recent easing of the property cooling measures; sales figures for February bear this out and March figures are projected to be even more sterling. A total 977 new private homes and 329 executive condominiums (ECs) were sold by developers last month - respectively 2.6 times and 1.8 times more than the numbers sold in January. Compared to a year ago, the number of private homes sold in February was nearly 3.2 times great ...more

IOI mulls plans for two office towers on Central Boulevard

Kuala Lumpur MALAYSIAN property developer IOI Properties is considering the construction of two office towers at its prime Central Boulevard site in Singapore. The two blocks would sit on a five-storey podium, and house public, retail and childcare amenities, and car and bicycle parking, said IOI in a prospectus to shareholders in relation to its rights issue of up to 1.11 billion new shares. Details of the proposed development have yet to be finalised, and the two office towers are only a preli ...more

Keen interest at 2 property launches after govt eases cooling measures

Singapore BUYING interest moved up a notch at two residential projects launched over the weekend, one day after the government announced the easing of some property cooling measures. Close to 170 units of the total 497 units at Qingjian Realty's executive condominium (EC) project iNz Residence - the first EC to be launched this year - were sold on the first day of booking on Saturday. Meanwhile, crowds thronged the showsuite of Lendlease's condominium Park Place Residences at PLQ, which also ope ...more