LIAN Beng Group has bagged a $144 million building contract for a condominium development at Dakota Crescent. The design-and-build contract was awarded by UOL Development (Dakota) Pte Ltd. The development comprises 616 apartment units in three 19-storey blocks and four 20-storey blocks, and a six-storey carpark building with a roof garden, a swimming pool and other ancillary facilities. The project is...
General
The tenuous alliance between Indonesia's Riady family and Malaysian tycoon Ananda Krishnan in Overseas Union Enterprise (OUE) has come to an end - at a price of almost $1 billion. Yesterday, the Riadys' Lippo Group paid some $957 million to acquire all of Mr Krishnan's stake - and greater control - in the mainboard-listed property group. With the deal, Lippo's direct and indirect interests in OUE rose to...
SINGAPORE Land group general manager Vito Koh Leong Huat will leave his post from end-May to pursue his personal interests. Mr Koh, who has been with SingLand for more than five years, is in charge of the group's residential business. His responsibilities include identifying business development and real estate opportunities, sourcing and securing residential sites in Singapore, overseeing the...
Lippo, through its investment unit, Golden Concord Asia, has raised its stake in Overseas Union Enterprise (OUE) in a deal worth S$957 million. The acquired stake was previously held by a Malaysian conglomerate with interests in telecommunications, media, power and gaming. Upon the completion of the transaction, Lippo will hold a 88.5 per cent stake in OUE. OUE is a property and hospitality player in...
The BCA Academy will offer a new postgraduate programme in facility and environment management. It said the programme will enhance building professionals' capabilities to manage and maintain buildings in Singapore including those that are built with "green" features. The Master of Science in Facility and Environment Management Programme is being offered under a tie-up with University College London,...
IT IS full steam ahead for Singapore's new growth areas such as Jurong and Paya Lebar as the Government ramps up plans to develop the Republic's alternative city centres. National Development Minister Mah Bow Tan yesterday said several government agencies, including the Ministry of National Development (MND) and some of its statutory boards, will relocate to Jurong Gateway by 2015. The development of new...
THE Government will not introduce more measures relating to the property market for now, but will monitor the market closely, said National Development Minister Mah Bow Tan yesterday. This follows a string of measures aimed at cooling both the private and HDB property markets unveiled by the Government in the past two months. But Mr Mah said that to address land supply concerns - and to increase...
THE noise from construction projects has long been the bane of residents hoping to sleep in on Sundays. But there is hope for some peace soon. From Sept 1, all new projects will have to stop work from 10pm on Saturday to 10am on Sunday. This ban applies to any building project within 150m of a residential area. It also applies to the eve of public holidays and public holidays. The duration of the ban...
THE on-again, off-again redevelopment of the prime Specialists' Shopping Centre and Hotel Phoenix site in Orchard Road is back on the agenda after a two-year break. OCBC Bank announced yesterday that it is in talks with construction and property group United Engineers Limited (UEL) to build a hotel and mall on the land. But the original player lined up for the project - the Straits Trading Company - is...
IN ITS urban planning blueprints, the Ministry for National Development (MND) won't miss the forest for the trees. Instead, it takes a well-rounded approach when drawing up its development concept plans, taking into account existing infrastructure and consulting MPs and other agencies. This was National Development Minister Mah Bow Tan's assurance to the House yesterday. 'When we do make changes, they...