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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

HighPoint jostles for District 9 en bloc deal

Singapore PRIME freehold site HighPoint has been launched for collective sale for S$550 million, joining other District 9 developments jockeying for sale. The property, which was completed in 1974, sits on a cul-de-sac plot of approximately 47,606 sq ft on Mount Elizabeth Road. In the Urban Redevelopment Authority's Masterplan 2014, the site is zoned as "residential" with a height control of up to 36 storeys. The existing gross floor area (GFA)... ...more

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