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S$72m fund set up to boost skills in Singapore construction sector

 
Singapore A S$72 million training fund has been set up to help the building industry move away from labour-intensive methods to more "smart" processes. The funds will go towards boosting skills in the building sector, including financing existing scholarship and sponsorship programmes for students and adults, said National Development Minister Lawrence Wong on Tuesday. The funds, which have been earmarked from June last year to May 2020, could... ...more
 

Elizabeth Towers up for en bloc sale again at reserve price of S$610m

 
Singapore ELIZABETH Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been relaunched for sale by tender by marketing agent Knight Frank Singapore. The owners have set a reserve price of S$610 million, unchanged from their asking price in the earlier collective sale bid last year. This translates to a land rate of about S$2,416 psf ppr (per square foot per plot ratio) based on its current gross floor area (GFA) of... ...more
 

Freehold property off Serangoon Road up for sale at S$8.5m

 
Singapore A NEW freehold, five-storey mixed development off Serangoon Road is up for sale at a guide price of S$8.5 million. The property, which comprises residential and commercial space, sits on a site area of about 1,791 square feet. The total gross floor area is 6,068 sq ft, inclusive of bonus gross floot area of 446 sq ft. Located at 2 Ruby Lane, about 500 metres from Potong Pasir MRT station, the property is currently... ...more
 

Newton Lodge up for collective sale with S$44m minimum price

 
Singapore OWNERS of Newton Lodge, a 16-unit apartment block at Newton Road, have put their freehold 21,409 square foot site up for tender at a minimum price of S$44 million. This translates to a land rate of S$1,468 per sq ft per plot ratio (psf ppr) at a 1.4 gross plot ratio, said the property's sole marketing agent JLL. Factoring in an additional 8 per cent bonus gross floor area for balconies and communal areas,... ...more
 

Sultan Plaza launches collective sale with reserve price of S$380m

 
Singapore SULTAN Plaza - a 244-unit, 99-year leasehold development located on Jalan Sultan just off Beach Road - is up for collective sale, after receiving a mandate from over 80 per cent of the owners in favour of the en bloc exercise. The full commercial site will launch a public tender on Wednesday with a reserve price of S$380 million. The tender will close on Thursday, Mar 28 at 12 noon. The reserve price works... ...more
 

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
 
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