Construction of Phase 2B of Fusionopolis has begun with the ground-breaking ceremony for a 15-storey building called Solaris. It is being developed by Soilbuild Group - the first private sector developer at Fusionopolis cluster at one-north. Its $148-million new building will cover :an estimated gross floor area of 540,000 square feet and is slated for completion in 2010. It will house research...
Construction
Construction firm Lian Beng Group has won three new construction and civil engineering contracts worth a total of S$117 million. Two of the deals are for construction projects in the private residential sector. The first contract, worth some S$36 million, is awarded by Sing Holdings for the construction of Bellerive Condominium, a private residential development located at the junction of Keng Chin Road...
Singapore's construction consultancy exports have increased despite the bustling domestic market. This is according to a survey conducted by the Building and Construction Authority. Singapore consultancy firms secured a total of 406 projects in 2007 or up some 13 per cent on year. The most sought-after services were for architectural and master-planning services, constituting more than half of the total...
Sino Construction has raised nearly S$60 million from its initial public offering (IPO). The company said the IPO has been fully taken up, despite the current weak market sentiment. Guoco Group was among the major investors. Sino Construction had offered about 153 million shares at 39 Singapore cents each. Of these, more than 6 million shares were set aside for the public. Sino Construction plans to use...
TO help meet demand for flats in the northern part of the island, the Housing and Development Board (HDB) yesterday launched a: Build-To-Order (BTO) project in Woodlands town called Straits Vista @ Marsiling. The project, comprising 50 units of three-room and 332 units of four-room flats, is located near the Woodlands Regional Centre and is served by the Woodlands MRT station and bus interchange. It is...
National Development Minister Mah Bow Tan said the Housing and Development Board (HDB) is containing construction costs as much as it could even though they have gone up significantly recently. HDB is doing this by simplifying some of the projects or by combining them so that there are more economies of scale. A recent example is the Punggol Sapphire project which has more than a thousand units against...
Chip Eng Seng has won a $124m HDB contract to build five residential blocks in Sengkang. The contract also includes the construction of a multi-storey car park, with a planned community facility on the first floor and a precinct pavilion. Construction is expected to begin this month, and be completed by 2011. The new contract brings Chip Eng Seng's current order book to a total of $755 million. Earlier...
Chua Chu Kang residents will soon enjoy a new shopping experience. The 20-year-old Teck Whye Shopping Centre will soon undergo a major facelift. The 79 shops located at Blocks 137 to 146 in Teck Whye Lane will be improved at a cost of S$1.35 million. The upgrading comes under Hong Kah Town Council's five-year Town Renewal Plan. So the project will be fully funded by the town council and shop owners don't...
Infrastructure firm Yongnam Holdings has won two more subcontracts worth a combined S$84 million for construction works at Marina Bay Sands Integrated Resort. The two contracts will see Yongnam build the structural steelworks for the resort's iconic lotus-shaped ArtScience Museum, casino and theatre podium. The latest deals come on the back of earlier contracts worth about S$178 million, announced in May...
The building boom in Singapore and the Middle East is proving to be a boon for engineering and construction company Yong Nam Holdings. Its net profit for the first quarter rose 267 percent to about S$6 million. Revenues increased 56 percent to S$47.4 million. Yong Nam saw increased activities from projects such as Orchard Turn, Marina Bay Sands Integrated Resort, Formula One and the Dubai Metro...