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...
Construction
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...
Homegrown developer Lian Beng Group has secured a S$78 million construction deal to build Centro Residences, a condominium development located just opposite Ang Mo Kio MRT Station. The contract was awarded by the Far East Group and covers the construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground. Work on the development is expected to start in...
There were some 300 reported cases of noise pollution from construction sites last year, nearly double the 160 in 2008. And some firms have taken steps to reduce the noise. One way is by using the "Jack-in-Pile" machine, which uses a hydraulic system for piling works to reduce noise. Another is by pre-casting structures like walls and toilets so those don't have to be built on-site. From September 2011,...
From September 2011, construction work will not be allowed near residential areas on Sundays and Public Holidays. Environment and Water Resources Minister Yaacob Ibrahim said this change will be phased in to give the construction industry time to adjust. The number of complaints about construction noise on Sundays and Public Holidays has gone up. Last year, the National Environment Agency received...
Mainboard-listed construction firm Lian Beng Group on Tuesday said its half year net earnings rose 28 per cent to S$11.4 million from a year earlier. This was on the back of a 4 per cent rise in revenue to S$157.6 million for the six months ended November. Lian Beng said the top-line growth was driven by revenue recognition on progress made in the construction of various projects. These include the Ritz...
The construction sector around the world is likely to pick up in 2010 in tandem with the recovering global economy. Accoring to KPMG's 2009 Global Construction Survey, 64 per cent of respondents expect to either increase or maintain profits by next year. The survey sought the view of top management of more than 100 of the world's leading engineering and construction companies. The outlook for the...
Property developer and construction firm Low Keng Huat on Friday said its third-quarter net profit rose 28 per cent on-year to S$16.6 million. Revenue for the three months ended October 31 almost quadrupled to S$205 million, thanks mainly to significant increases in its construction revenue. Its third-quarter construction revenue had jumped more than four-fold year-on-year, due to completions of two...
Mainboard-listed construction firm, Sim Lian Group, said that its first quarter net profit rose 23 percent from a year ago to S$27.6 million. Revenue for the three months ended September edged up 2 percent to S$194.4 million. Sim Lian said that its contract costs fell S$4.6 million despite an increase in revenue in the quarter. This was mainly due to a revision of contract costs for a development...
Construction and property development firm, KSH Holdings, has clinched a new contract worth S$36 million. It is for the construction of Watten Residences, a luxury 59-unit freehold development in the Bukit Timah area. Under the terms, the company will start construction works next week and it is expected to complete the project within 25 months. With the contract, KSH says its existing order book now...