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EFE 2019



Construction demand in Singapore strong, set to hit up to S$32b this year: BCA

Singapore CONSTRUCTION demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging three-year spell. Total construction demand, which is the value of construction contracts to be awarded, is expected to be between S$27 billion and S$32 billion this year, despite additional cooling measures in the private property market and the delay in construction of the... ...more

Tuan Sing divests units in Century Warehouse property

Singapore PROPERTY developer Tuan Sing Holdings announced on Monday that it has accepted a tender bid of S$48.5 million for all of its majority-owned Century Warehouse property. The property is an eight-storey freehold-industrial warehouse with a basement car park. It comprises 35 strata units with a total strata area of 56,539 square feet located in Pasir Panjang Road. Tuan Sing's subsidiary, Asiaview Properties, owns 31 of the 35 strata units... ...more

It's your friendly neighbourhood ISOTeam

THE pundits have divined that Singapore will hold its General Election in a year or so, and that typically means more business for Catalist-listed ISOTeam. The building maintenance and estate upgrading company stands to clinch more repairs and redecoration (R&R) contracts whenever town councils decide to give their neighbourhoods a facelift. ISOTeam chief executive Anthony Koh told The Business Times: "We are confident and very positive over the... ...more

HighPoint jostles for District 9 en bloc deal

Singapore PRIME freehold site HighPoint has been launched for collective sale for S$550 million, joining other District 9 developments jockeying for sale. The property, which was completed in 1974, sits on a cul-de-sac plot of approximately 47,606 sq ft on Mount Elizabeth Road. In the Urban Redevelopment Authority's Masterplan 2014, the site is zoned as "residential" with a height control of up to 36 storeys. The existing gross floor area (GFA)... ...more

Realty Centre going for S$165m in year's first commercial en bloc

Singapore REALTY Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million, marketing agent Cushman & Wakefield said on Monday. The freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet, is zoned for commerical use under the Urban Redevelopment Authority's 2014 Master Plan. It has an allowable gross... ...more

Construction tech startup Novade on paperless crusade with one-stop solutions platform

Singapore WHEN he led Autodesk's Asia sales team, Denis Branthonne wanted to sell the engineering and architecture software that his company was famous for. It turned out that his clients at construction sites also had other concerns. "In the last few years of my tenure, a lot of clients were telling me, 'We understand the software and see its benefits, but we really need systems to help us manage operations on-site'," said Mr Branthonne, 48,... ...more

Horizon Towers gives collective sale another shot; Tanah Merah Mansion launches collective sale

Singapore OWNERS at Horizon Towers seem to have made nailing an en bloc deal a new year's resolution, as they relaunched their collective sale tender on Wednesday at the same S$1.1 billion reserve price as before. The 211-unit Leonie Hill development's first tender closed in September without a single bid. That tender was first launched in July. Its closing date was then extended by over a month because of cooling measures to the private housing... ...more

Soilbuild Construction wins S$28.3m HDB contract

Singapore SOILBUILD Construction Group has clinched a S$28.3 million contract by the Housing & Development Board (HDB). The projects involve the design and upgrading works for various housing blocks at Serangoon Ave 4 and Bedok Reservoir Road over a 20 month period. The contract is not expected to have a material impact on the net tangible assets and earnings per share of the group for the current financial year ending Dec 31, 2019. In a... ...more