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TEE Int'l bags S$58m worth of engineering contracts

Singapore TEE International has clinched engineering contracts worth about S$58 million to bring its outstanding order book to about S$304 million, the engineering, infrastructure and real estate group said on Tuesday. One contract is from repeat client Changi Airport Group (Singapore), which was awarded to TEE's subsidiary PBT Engineering for a proposed replacement of a fixed gangway, and addition and alteration (A&A) works at Changi Airport... ...more

Surbana Jurong acquires two architecture firms

Singapore SURBANA Jurong is acquiring two major architectural firms, in a move that almost doubles the group's headcount of architects and boosts its ability to take on ambitious projects, particularly in sectors such as healthcare and hospitality. Canadian firm B+H and Singapore firm SAA Architects are just the latest acquisitions by the urban and infrastructure development consultancy, which has tripled its revenue through both organic and... ...more

Buyers willing to shell out extra for integrated development projects

Singapore CONVENIENCE is king among property buyers in Singapore, this much is clear. They want a place to call home, but so much the better if home is part of a larger development where they can shop, run errands and seamlessly connect to the MRT as well. An analysis by OrangeTee & Tie has found that these property buyers are prepared to pony up premiums for projects with that extra value and accessibility, to the... ...more

Developers gear up for flurry of launches before year-end

Singapore AFTER selling 7,220 private homes in the first nine months, developers are gearing up for a final burst of launch activity before taking the traditional year-end breather. Oxley Holdings is due to begin its preview soon for the 548-unit Kent Ridge Hill Residences. Singapore Press Holdings and Kajima Development are expected to finally begin sales soon of The Woodleigh Residences next to Woodleigh MRT Station, while City Developments is... ...more

Rochor's Golden Wall Centre hits en-bloc market again

Singapore GOLDEN Wall Centre has launched its second attempt at a collective sale, with a reserve price of S$260 million - little changed from what the strata unit owners wanted in a 2016 bid. This works out to a land price of S$2,194 per square foot per plot ratio for the freehold commercial property at 89, Short Street in Rochor, which is zoned for commercial use. The building, which is slightly more than 100 metres... ...more

Mapei boosts presence in Asia-Pacific through Singapore management base

Founded in the Italian city of Milan in 1937, the Mapei Group has been supplying construction solutions for more than 80 years. It is one of the leading global producers of adhesives systems for the installation of all types of floor and wall coverings such as tile adhesives and wood, luxury vinyl tiles (LVT) and textile-floor bonding products. Furthermore, the Mapei Group is very active in various other construction products, such as... ...more

Katong Park Towers gets Court's nod for en bloc sale to proceed

Singapore THE sale of Katong Park Towers has been given the green light by the High Court, following some owners' objection to the sale over factors like the method of apportionment. An order of sale was made for Katong Park Towers following a High Court hearing on Tuesday, Edwin Lee of Eldan Law told The Business Times. He represented the collective sale committee. A unit of Bukit Sembawang Estates bought the estate for S$345 million... ...more

Building on 40 years of experience - and for the future

YOU can say, but do you do; is a question that Rodney Cheong, 49, says guides his approach to running his family's architectural supplies business. The 49-year-old CEO and managing director of Seiko Architectural Wall Systems sees professional reputation as the key to long-term success. To him that means being committed and able to deliver on what you promise. After more than two decades with the firm, and 17 years running the business, he says... ...more