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Realty Centre going for S$165m in year's first commercial en bloc

Singapore REALTY Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million, marketing agent Cushman & Wakefield said on Monday. The freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet, is zoned for commerical use under the Urban Redevelopment Authority's 2014 Master Plan. It has an allowable gross... ...more

Construction tech startup Novade on paperless crusade with one-stop solutions platform

Singapore WHEN he led Autodesk's Asia sales team, Denis Branthonne wanted to sell the engineering and architecture software that his company was famous for. It turned out that his clients at construction sites also had other concerns. "In the last few years of my tenure, a lot of clients were telling me, 'We understand the software and see its benefits, but we really need systems to help us manage operations on-site'," said Mr Branthonne, 48,... ...more

Horizon Towers gives collective sale another shot; Tanah Merah Mansion launches collective sale

Singapore OWNERS at Horizon Towers seem to have made nailing an en bloc deal a new year's resolution, as they relaunched their collective sale tender on Wednesday at the same S$1.1 billion reserve price as before. The 211-unit Leonie Hill development's first tender closed in September without a single bid. That tender was first launched in July. Its closing date was then extended by over a month because of cooling measures to the private housing... ...more

Soilbuild Construction wins S$28.3m HDB contract

Singapore SOILBUILD Construction Group has clinched a S$28.3 million contract by the Housing & Development Board (HDB). The projects involve the design and upgrading works for various housing blocks at Serangoon Ave 4 and Bedok Reservoir Road over a 20 month period. The contract is not expected to have a material impact on the net tangible assets and earnings per share of the group for the current financial year ending Dec 31, 2019. In a... ...more

Digital management of construction projects will be a first in 2019

THE year 2019 will see a digital leap forward as many construction companies explore implementing integrated business software into projects for the very first time. Tighter margins, global skills shortages and new industry entrants are all ramping up the pressure on traditional construction businesses to deliver greater productivity and more integrated, cost-efficient projects, on time, every time. Prediction #1: 50% of all construction projects... ...more