A new data centre offering high-speed networks between Singapore and the region opened on Monday (May 30), in response to growing demand from companies looking for secure data storage solutions. The 200,000 square foot 1-Net North Data Center, which has been running since April, has bomb blast-proof walls and eight tiers of security barriers for added protection. Costing S$200 million to build, it is...

Thirty public housing projects have won 33 awards for their environmentally friendly and inclusive living environments, with the Yuhua estate receiving the top award for sustainable design. The Greenprint programme in Yuhua was awarded the Building and Construction Authority's (BCA) Green Mark Platinum Award, the highest accolade for the BCA-Green Mark scheme. Under the pilot programme, which was...

There is "no stopping an idea whose time has come", said Mr Mike Curtis, vice president of engineering at room-sharing service provider Airbnb, paraphrasing a quote by Romantic author Victor Hugo. Commenting on the slew of regulatory roadblocks the company is currently facing across different markets, including Singapore, Mr Curtis told Channel NewsAsia in an interview on Thursday (May 26) that the...

“You live in your office? Why?” This is the typical response 26 year-old Lim Weiyuan gets when he tells people where his home is. Mr Lim, who is a co-founder at four year-old startup Reactor, has been living and working out of a condominium unit in East Coast with two colleagues for the last six months. A fourth member, Alex Foo, is due to move in permanently in June, while a fifth member, Puah Jing...

Nine projects have won the Construction Productivity Award this year for taking the initiative to improve the productivity of their projects, the Building and Construction Authority (BCA) said on Wednesday (May 25). The highest accolade - Platinum - went to residential development 76 Shenton and office building CapitaGreen, BCA said in a media release. The other seven award winners will be given...

The Republic will conduct trials on the world's first tropical data centre (TDC) in the third quarter of this year, announced Communications and Information Minister Dr Yaacob Ibrahim on Monday (May 30). The trials are aimed to prove if data centres can function optimally at temperatures of up to 38 degrees Celsius and ambient humidity of up to or exceeding 90 per cent. Currently, data centres are...

THE summer months are a particularly popular time for updating houses, with new bathrooms, new kitchens or even a new roof. But whether the renovations add to a home's value, that's a different matter. Even when they do increase the price a seller may get, they rarely increase it in line with how much the renovation costs. "People confuse helping the home keep up with the market with an upgrade or a...

All 391 apartments offered by LendLease Group at a project in Sydney were snapped up in just four hours on Saturday, indicating demand for inner-city homes remains buoyant despite looming oversupply. More than 400 potential buyers turned up from 8 am in Darling Square, a development on the western edge of Sydney's central business district, for the apartments that were priced from A$630,000 (S$624,000)...

PRICES of completed private apartments and condos rose 0.3 per cent in April 2016 over March 2016. This is according to National University of Singapore's (NUS) flash estimate for its Overall Singapore Residential Price Index for April released on Monday. This contrasts with a 1.1 per cent month-on-month (m-o-m) decline in the index in March, based on the revised index value for that month. The...

CITY Developments Ltd (CDL) has said that the anticipated pricing for a potential residential profit participation securities (PPS) transaction will be "much higher" than the S$2,300 per square foot (psf) cited in a report in The Business Times on Friday, "given the intrinsic value of our assets". Responding to the report, the property developer added that it would make further announcements if and when...