header image
Asia's leading online portal for the building and construction industry.         
Supported By
Koh Brothers Group Ltd

Singapore Building & Construction Industry News


Spike in number of solar panel installations

The sun is now meeting the electricity needs of the equivalent of 26,000 four-room HDB flats, for over a year, in Singapore. There has been a sharp rise in the number of solar panel installations in the first half of this year, bringing the total to 1,409. This is almost double that a year ago. In 2008, when the Government started test-bedding solar panels on HDB blocks, there were just 30 solar panel installations. Experts say solar energy now accounts for 1.5 per cent of Singapore's tota ...more

Sentosa hotel on the market for S$300 million

Singapore THE hotel that was formerly known as Movenpick Heritage Hotel Sentosa and is being rebranded into a Le Meridien has been put on the market. Sources say the asking price is S$300 million, although two recent valuations were done at S$270 million and S$284 million. These valuations work out to S$1.41 million and S$1.49 million per room respectively. Talk in the market is that both valuations assume a similar projected average room rate, of around S$440 to S$450 per night, when the operat ...more

Frasers Centrepoint to pump up to half a billion into Thailand's Ticon

Singapore IN HIS first major move since taking over the reins at mainboard-listed property developer Frasers Centrepoint Limited (FCL) at the start of this month, new group chief executive officer Panote Sirivadhanabhakdi has inked a conditional deal for FCL to pump up to 13.23 billion baht or about S$520 million into a listed Thai industrial property developer. The investment, if it goes through, would make FCL the single largest shareholder of the company, Ticon Industrial Connection, which is ...more

UOL-UIC joint venture buys Potong Pasir site for S$334m

Singapore THE en bloc purchase of Raintree Gardens in Potong Pasir by a joint venture (JV) of UOL Group and United Industrial Corporation (UIC) brings the total value of successful en bloc deals in Singapore so far this year to over S$1 billion. The latest deal follows similar successful attempts with Shunfu Ville and Harbour View Gardens in the past six months. This is a huge improvement from the S$380 million worth of en bloc deals in 2015 and zilch in 2014 - although it definitely still pales ...more

Plans for new building for Singapore Red Cross

The Singapore Red Cross (SRC) will have a new eight-storey building in Dhoby Ghaut to support the expansion of its services and community outreach. The building, which is expected to cost close to $30 million and likely to be ready by 2019 in time for the charity's 70th anniversary, will offer new services. These include a day activity centre in the city, an operations and call centre to run an eldercare monitoring service, and new social enterprises to support vulnerable groups. SRC secretary-g ...more

Sultan Mosque among winners of architectural awards

After a 15-month spruce-up, the gleaming pair of golden domes on top of the Sultan Mosque stand out regally from the surrounding Kampong Glam neighbourhood. The $4.6 million makeover also involved original timber doors and windows being salvaged and repaired, as well as arches inside the prayer hall being painted green to accentuate their dramatic curves. Elderly- and disabled-friendly amenities such as new lifts and a wheelchair ramp were also added to both the prayer hall and the annex buildin ...more

Ascendas-Singbridge in JV to redevelop old CPF Building

ASCENDAS-Singbridge Group has entered into a joint venture with Mitsui and Tokyo Tatemono to redevelop the former CPF Building. The 79 Robinson Road property will be redeveloped into a Grade-A office building with retail amenities; its total development cost is estimated at S$1 billion. The joint venture company, Southernwood Property, comprises Ascendas-Singbridge and a consortium formed by Mitsui and Tokyo Tatemono. The former will hold a 65 per cent stake, while the consortium will have the r ...more

Opportunities in an integrated Asean real estate market

Singapore THE Association of Southeast Asian Nations (Asean) was founded in 1967 as a regional-based association to promote government-to-government cooperation in areas including economic, social, culture, technical and education. As a key step towards forging closer cooperation and integration, the Asean Economic Community (AEC) was officially launched in December 2015 as one of the three pillars of the Asean community. As a regional economic bloc and alliance, AEC aims to create a single mark ...more