The number of deaths at the workplace went down by 22 per cent in 2007, compared to the previous year. This is according to a report released by the Workplace Safety and Health Advisory Committee. Despite the drop, industry players caution that the boom in the construction industry may mean more workplace-related accidents. When the crane tower collapsed at the National University of Singapore last month,...
Construction
The wait for shower facilities and more carpark spaces at MacRitchie Reservoir — the first phase of which was scheduled for completion the end of this month — has just gotten longer. According to the PUB, the construction work for the $5-million makeover would be delayed for at least another nine months after the construction work on the carpark "has virtually stopped in the last two...
KSH Holdings has secured a S$121 million contract to construct luxury condominium development Seascape at Sentosa Cove. This project puts its order book at more than S$614 million. The contract was signed by the construction, property development and management group's subsidiary Kim Seng Heng Engineering Construction. The deal was awarded by Seaview, a company co-owned by Ho Bee Investment and IOI Land...
Singapore construction firm Lian Beng Group has won two contracts worth a total of S$90.2 million. The first is a S$73.5 million contract to build a 21-storey freehold condominium Amber Residences along East Coast Road. The building contractor also sealed a deal worth S$16.7 million to build a 7-storey industrial building at Paya Lebar i-Park. Work on the projects will begin in May and expected to be...
The construction industry is expected to lead Singapore's economic growth this year, according to 19 economists polled in the latest quarterly survey by the Monetary Authority of Singapore (MAS). They projected an expansion of 15.9 per cent for the construction sector this year, up 2.4 percentage points from the forecast in the previous MAS survey in December. Analysts Channel NewsAsia spoke to, shared...
Poh Lian Construction, a unit of United Fiber System, has won the building contract to redevelop a site formerly known as Green Meadows condominium along Upper Thomas Road. The contract, awarded by UOL Development, is worth about S$202 million. The award of the project has boosted Poh Lian’s order book to a new record of S$550 million, up 58 percent since January 31. Poh Lian said the latest contract...
Hong Leong Asia's foray into China is paying off for the company. Its China operations and building materials unit both helped to boost its full-year net profit to S$95.4 million, up 56 percent on year. Revenue rose 30 percent to S$3.2 billion. Hong Long's share of profit from associates increased to S$25.4 million in 2007, a turnaround from the loss in 2006 of S$500,000. Most of the contribution come...
The civil works contract (C901) for the Circle Line Marina Bay Station has been awarded to Hock Lian Seng Infrastructure (Pte Ltd). The S$348.4 million contract is for the construction and completion of the Circle Line Marina Bay Station and tunnels. It includes alteration and addition works to the current North South Line (NSL) Marina Bay station, diversions of the East Coast Parkway and demolition of a...
The government's move to defer another S$1 billion worth of construction projects beyond 2009 is being welcomed by industry players. They said it will help to ease pressures on the supply side, allowing for critical private sector projects to go ahead. Still, they expect construction costs to hold up - and even jump by 10 to 15 per cent in 2008. Work is already underway at the two integrated resorts at...
The pace of cost increases has been rapid and unsettling for businesses so the government is implementing key measures to address office space constraints and spike in construction costs. Construction demand will continue to build up this year, with projected value of contracts to hit up to S$27 billion. At the same time, construction costs are climbing as well. Finance Minister Tharman Shanmugaratnam...