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Merchants Building up for collective sale with S$23.5 million reserve price

Singapore A SEVEN-STOREY freehold commercial building - Merchants Building at 76 South Bridge Road - has been put up for collective sale by tender with a reserve price of S$23.5 million. Merchants Building has a land area of 104.5 square metres. Under the Urban Redevelopment Authority's Master Plan 2014, it is zoned "commercial" with a gross plot ratio of 4.2. The property is located on an envelope control site, within the secondary settlement of... ...more

Century Warehouse in Pasir Panjang up for collective sale at S$57m

Singapore CENTURY Warehouse, a freehold industrial warehouse in Pasir Panjang Road, will be launched for a collective sale at S$57 million on Thursday. If it finds a buyer, it could net listed property developer Tuan Sing about S$50 million to S$51 million in proceeds, as it owns 31 out of a total of the 35 strata units in the building, and close to 90 per cent of the strata area, Patrick Tan, its head of... ...more

Industrial property sector outlook stable in Q4 and beyond

Singapore THE outlook for the industrial property sector is expected to remain stable going into the fourth quarter and beyond, although the impact from the US-China trade war remains a potential risk. In the third quarter, industrial prices edged up 0.1 per cent from the previous quarter, while industrial rents slipped 0.1 per cent - marking a decline for the 14th consecutive quarter - owing to softer rents in multiple-user factories,... ...more

BuildTech showcases innovative tech for construction sector

Singapore CAN robots build cities? Increasingly so, it appears. Singapore-based Japanese construction firm Kajima uses its Mighty Hand robot to lift heavy materials such as concrete and glass to assemble walls in Japan, under human supervision. South Korean company Roboprint, which has a subsidiary in Singapore, makes robots that can paint the walls of high-rise buildings, making it safer for workers. Such innovative technologies in the building... ...more

Spanish Village goes en bloc again at same price

Singapore HOME owners haven't abandoned their en bloc dreams just yet, with Spanish Village being the latest to take another crack at the market at the same price of S$882 million. Its earlier attempt this year was launched in June and closed on 18 July without a winning bidder. This coincided with the government implementing the most recent wave of property cooling measures on July 6, which brought higher additional buyer's stamp duty and... ...more

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