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Johor's Forest City adding land in second phase of development

Mega Johor project Forest City will get three new golf courses - one of which will be designed by golfing legend Jack Nicklaus - as part of the second stage of development. Chinese developer Country Garden Pacificview said it will add 8 sq km to the complex in its next stage, which is estimated to cost about US$280 million (S$390 million). This additional 8 sq km of land was acquired, and is part of the... ...more

Buzz continues in luxe housing sector

Singapore THE Singapore luxury housing market continues to see a buzz of activity. Recent deals include the S$40.88 million sale of a 31,211 sq ft freehold site in the Leedon Park Good Class Bungalow (GCB) Area, understood to have been picked up by Raffles Medical Group executive chairman Loo Choon Yong. The price works out to S$1,310 psf on land. In Sentosa Cove, a low-profile Chinese tycoon in the mining and natural resources sector is... ...more

Harnessing prefab tech to save time, manpower

Two local construction firms saw technological advancement as an opportunity and not a threat. Teambuild and Tiong Seng - among Singapore's largest construction firms - have become the first adopters of prefab technology here and are well-placed for the industry's high-tech transformation. Said Teambuild executive director Johnny Lim: Conventional construction is facing many challenges. We knew that the (foreign worker) levy was going up and that... ...more

Small contractors still resistant to change

At the construction site for a two-storey house in Cluny Hill, contractor GA Construction is doing things the old-fashioned way. Close to 40 foreign workers are building scaffolds - erecting the formwork, placing the metal rebars, pouring the concrete and waiting for it to set. This has been the tried-and -tested process of construction here for decades, said GA's general manager Joseph Liew. Ask him if new prefabricated methods would work and he... ...more

Property & construction group TA Corp's fortunes seen turning around this year

Singapore PROPERTY and construction group TA Corporation may see a turnaround in its fortunes this year as it seeks to scale up its distribution business and ride the expected recovery in construction and property development through pre-cast manufacturing and prefabricated prefinished volumetric construction (PPVC). In an interview with The Business Times, group CEO Neo Tiam Boon said that the group is looking to extend distributorship to new... ...more

Yongnam wins S$36.2 million worth of contracts

Singapore YONGNAM Holdings, a structural steel contractor and specialist civil engineering company, on Thursday announced it won the award of four local contracts worth S$36.2 million. German chemical company Evonik Methionine (SEA) Pte Ltd awarded a contract for structural steelworks and associated building works in the construction of its plant on Jurong Island. The complex is expected to become operational in 2019, with investment costs of... ...more

Analysts laud IOI Properties' pick of Central Boulevard co-developer

Kuala Lumpur IOI PROPERTIES' roping in of Hongkong Land to co-develop Central Boulevard in Singapore has many positives, analysts say, as it would ease its cash flow burden and at the same time enhance the value of the development as direct underground and overhead links can be built to adjoining buildings held and managed by the latter. A memorandum of agreement was signed on Monday under which HKL's wholly-owned subsidiary Hongkong Land... ...more

More Singapore contractors, consultants venturing abroad and securing projects: BCA

Singapore MORE Singapore contractors and consultants are venturing overseas and securing projects there, as the latest Construction Export Survey by the Building and Construction Authority (BCA) showed. They secured 594 overseas projects in 2015 compared to 289 projects in 2014, said the Construction Export Survey 2016, in which more than 1,400 Singapore construction and consultancy firms were surveyed. The survey, which is now in its 13th... ...more