Construction costs could rise this year more than the 3-5 per cent forecast because of a combination of new factors, says quantity surveyor Davis Langdon & Seah (DLS). In a report released yesterday, DLS says factors such as the increase in the foreign workers' levy and reduction in man-year entitlement, announced in March, could add between one and 2 per cent to construction costs. New iron ore...
Construction
LIAN Beng Group yesterday posted a towering 52 per cent increase in nine-month net profit to $17.4 million, from $11.4 million a year earlier. Revenue for the nine months ended Feb 28, 2010, climbed 4.5 per cent from $230.1 million to $240.5 million. The company had earlier posted revenue of $157.6 million and net profit of $11.3 million for the six months ended Nov 30, 2009. Assuming no restatement of...
>MY MOTHER and I live opposite a construction site in Kampong Java Road where work to build a new condominium started over a year ago. My mother suffered a stroke about six weeks ago and needs to rest in order to recuperate. However, an incident has left me concerned about the ability of certain government agencies to act against errant contractors. On March 24, I came home around 8pm to see a number...
Mainboard listed construction company Lian Beng has secured a S$95 million contract from Sing Holdings to build The Laurels. The Laurels is a premium condominium development at Cairnhill Road. This is Lian Beng's third contract within a month, following the company's recent awards to build "Centro Residences" and "Waterbank at Dakota". The value of contracts secured since mid March stands at S$317...
WEE Hur Holdings has won a $103.6 million project from Singapore real estate investment giant CapitaMall Trust to rebuild Jurong Entertainment Centre. The project involves constructing a five-storey entertainment and shopping complex with a three-level basement. The crown jewel of the complex will be an Olympic-size ice-skating rink in the centre of the building. It will be Singapore's first...
Wee Hur, through its subsidiary Wee Hur Construction, has secured a S$103.6 million project from CapitaMall Trust. This is Wee Hur's first project with CapitaMall Trust. The project involves the enhancement of the Jurong Entertainment Centre. Mr Goh Yeow Lian, Executive Chairman of Wee Hur, said the contract with CapitaMall Trust enlarges the company's portfolio of wide range projects. The contract...
THE building industry got a leg up in its recycling efforts yesterday with the launch of a $15 million fund to help companies adopt more sustainable processes. Demolition contractors, recyclers and ready-mixed concrete suppliers can now tap the Sustainable Construction Capability Development Fund to introduce and upgrade their recycled building products, said Senior Minister of State for National...
Industry encouraged to develop expertise in recycling of waste from demolition THE Building and Construction Authority (BCA) announced a new $15 million Sustainable Construction Capability Development Fund during the opening ceremony of Samwoh's Eco-Green Park. The fund is part of the effort to encourage industry players to adopt Sustainable Construction (SC) practices and technologies, and eventually...
The Building and Construction Authority is setting up a S$15 million fund to promote sustainable construction. The fund will focus on developing capabilities in recycling waste from the demolition of buildings and in using recycled materials for construction. The construction industry has welcomed the latest initiative, but is hoping for more government support for their usage. The opening of the Samwoh...
CONSTRUCTION player Lian Beng Group has won a $78 million contract from Far East Group to build Centro Residences, with completion expected by January 2013. The deal - the second in two weeks for Lian Beng - is for a 34-storey residential tower, multi-storey carpark, clubhouse, swimming pool, playground and ancillary facilities at Far East's condominium development opposite Ang Mo Kio MRT Station. Work is...