Construction and property group, Koh Brothers Group Ltd, has won a contract worth S$582 million from the Land Transport Authority (LTA) to build the Downtown Line 1 Bugis station and its associated tunnels. Koh Brothers said this is the single largest contract it has ever clinched. The 4.3-kilometre section of the Downtown Line 1 runs from Bugis station on the East-West Line to Chinatown station on the...
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Construction group Yongnam Holdings has won an S$88 million contract to build the Integrated Civic, Cultural, Retail and Entertainment Hub at one-north. The integrated hub is part of a 200-hectare development at Buona Vista known as Vista Xchange. The area aims to integrate living, working, relaxation and learning facilities when fully operational. Under the deal, Yongnam will construct the integrated...
A dispute between property developer Lee Tat Development and Grange Heights residents over a strip of land came to an end on Tuesday as the Court of Appeal ruled in favour of Lee Tat, overturning an earlier appeal decision. It is extremely rare for the Court of Appeal to re-look a case that it has passed judgement on. Since the 1970s, Lee Tat has been trying to stop the residents from using a pathway,...
The demand for land to build schools has remained healthy, with seven bids received for a piece of land at Upper Bukit Timah. The Singapore Land Authority (SLA) said that of the seven bids for the former Seh Chuan High School, four were fairly strong bids above the guide rent of S$73,100 per month. The highest bid was from Dimensions Commercial School Pte Ltd, and some of the other bidders were existing...
Fast disappearing are the generous perks offered to people willing to relocate overseas for work stints EXPATS live the good life, according to popular perceptions. Company-provided housing in Districts 10 or 11, children’s school fees, cars, home leave and more do indeed make the expat lifestyle alluring. A predominance of Western and North Asian expats in past years has given way to ever more...
SINCE it first unveiled ambitious plans in April to transform sleepy Jurong over the next decade, the :Urban Redevelopment Authority (URA) has rolled out the area's first land parcel: A site for mixed development in the Jurong Lake District. The 1.9-hectare site, located beside the Jurong East train station, has a 99-year leasehold and a maximum gross floor area of about 1.15 million square feet (107,000...
A host of factors to overcome first before parcel can be used IT MAY boast a waterfront view overlooking the upcoming Sentosa integrated resort, but don’t expect much interest from developers for the latest hotel site at Bukit Chermin released by the Urban Redevelopment Authority (URA). That’s the view shared by property analysts Today spoke to yesterday. “Investor sentiment is very weak now, so...
There are limits to what Govt can and should do, says Minister WHEN it comes to dealing with weak demand in the domestic property market, developers and officialdom may not exactly be on the same page right now. And it couldn’t have been more evident during last night’s 49th anniversary dinner of the Real Estate Developers’ Association of Singapore (Redas). Delivering his prepared speech as...
Occupancy costs in Middle East the fastest growing THIS is one ranking that Singapore would be happy not to climb: Cities with the fastest-growing rentals. According to a semi-annual survey of office markets worldwide, Singapore now ranks 13th in terms of posting the fastest-rising rents among 172 markets, slipping from No 3 position six months ago. Here, occupancy costs - which include expenses for...
A new S$1 million Retail Training and Employment Centre has been launched in conjunction with the upcoming mall at Orchard Road, 313@Somerset. 313@Somerset is being developed by Land Lease Retail Singapore. The project is the first major fully integrated retail development in Asia undertaken by the company. Lend Lease said the new centre is aimed at providing free retail training to the employees of...