BCA Job Property Singapore 

Construction demand in Singapore to increase this year to up to $31 billion: BCA

The Building and Construction Authority (BCA) estimates that between $16 and $19 billion worth of public projects will be awarded this year.ST PHOTO: LIM YAOHUI SINGAPORE – Building firms here can expect a rise in the total value of construction contracts to be awarded this year, which is projected to be between $26 billion and $31 billion. The figure is up from the $24.5 billion last year, mostly due to an expected increase in public sector construction demand, which will make up about 60 per cent of total projected demand….

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News Property Singapore 

Young couples: Is BTO your only housing option?

  When it comes to purchasing their first home in Singapore, most couples and newlyweds go the tried-and-tested Build-To-Order (BTO) route. But do a little homework and you will find other options available for the first-time home buyer. Apart from a BTO, you can also consider an executive condominium (EC) unit, a resale HDB flat, or even a new or resale private condominium unit. At a recent, sold-out seminar organised by property developer MCL Land, speakers Mohamed Ismail (CEO of Propnex) and Tan KT (Associate Senior Marketing Director of Huttons)…

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News Property 

Building maintenance to be part of design, and not afterthought, as part of industry overhaulBuilding maintenance to be part of design, and not afterthought, as part of industry overhaul

As part of the government’s real estate industry transformation map, a new framework to overhaul the building maintenance sector is set to be launched by the end of the year.PHOTO: ST FILE SINGAPORE – A building manager takes over a building, only to find that his maintenance equipment cannot fit through the narrow corridor of the new structure. It is a scenario building managers here say happens all too often because maintenance is typically regarded as an afterthought – something to be considered only after the gleaming building is complete….

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Environment Farming Property Singapore 

More urban farms, rooftop gardens in Singapore with enhanced greenery scheme

Urban farms, like this one at Raffles City, help to optimise under-utilised roof spaces. (Photo: Edible Garden City) SINGAPORE: Urban farms and communal rooftop food gardens might soon be a more common sight in Singapore, with the enhancement of an urban greenery scheme. This was announced by Second Minister for National Development Desmond Lee on Thursday (Nov 9), at the opening of greenery and landscape design event GreenUrbanScape Asia. The Landscaping for Urban Spaces and High-Rises (LUSH) programme, which aims to replace greenery lost during a building’s development or redevelopment,…

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Property Singapore 

En-bloc, land sales may almost double number of unsold new private homes in pipeline

SINGAPORE – Future homes from government land sale sites and collective sales could nearly double the number of private residential units in the pipeline, according to Urban Redevelopment Authority (URA) figures released on Friday (Oct 27). This potential supply of around 16,700 units – including executive condominiums – would add to the 17,178 units that have already obtained planning approval and have not yet been sold. URA noted in its report on third-quarter real estate statistics: “As en-bloc sales of existing sites have been very active over the past one…

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News Property Singapore 

Normanton Park sold en bloc for S$830.1 million

This is the 40-year-old estate’s second go at an en bloc sale after their failed first attempt in October 2015. (Photo: Knight Frank) SINGAPORE: Normanton Park has been sold to Kingsford Huray Development for S$830.1 million, the latest in a flurry of en bloc sales sealed this year. The collective sale price, which translates to a land price of approximately S$969 per square foot per plot ratio (psf ppr), is the highest land rate for a 99-year leasehold collective sale site this year, said marketing agent Knight Frank in a news release on…

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Property Singapore 

Future condos could have open design, fewer fences

Fenceless condominium One North Residences in Buona Vista. Members of the public can freely use its outdoor plaza as well as visit retail outlets on the ground floors of the residential blocks.ST PHOTO: ALPHONSUS CHERN Singapore could see more fenceless condominiums in future, with the Urban Redevelopment Authority (URA) nudging more developers to explore more open designs, The Straits Times understands. Such developments in land-scarce Singapore could feature more connectivity, boundaries of vegetation rather than fences, and be strategically located to encourage the sharing of courtyards and public amenities, said…

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Property 

Protecting yourself against losing money on home renovations

Among the suggestions are paying progressively, doing extensive research and itemising the quotation. File photo of a home being renovated.  SINGAPORE: In constructing her dream home, Ms Yan did not hold back. She paid S$1 million to build a terrace house with premium materials. She even gave the contractor 10 per cent in advance to earn some goodwill as the works started near Chinese New Year. Six years on, the freelance loan specialist is still grappling with defects. Soon after she moved in with her brother, sister-in-law and mother, who…

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Property Singapore 

Sloane Court Hotel sold for S$80.5m, to be redeveloped into condominium

Sloane Court Hotel, along with a small plot of land next to it, has been sold for S$80.5 million to TSky Development, it was announced on the Singapore Exchange (SGX) on Monday (Aug 28). SINGAPORE: Sloane Court Hotel, along with a small plot of land next to it, has been sold for S$80.5 million to TSky Development, it was announced on the Singapore Exchange (SGX) on Monday (Aug 28). TSky is a joint venture between Tiong Seng Holdings and Ocean Sky International. The hotel at 17 Balmoral Road sits on…

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Economy Jobs Jurong Island Property Singapore 

Jurong Lake District to create more than 100,000 jobs, 20,000 homes

More than 100,000 new jobs will be created and 20,000 homes built in the 360-hectare Jurong Lake District, the Urban Redevelopment Authority (URA) said on Friday (Aug 25). SINGAPORE: More than 100,000 new jobs will be created and 20,000 homes built in the 360-hectare Jurong Lake District, the Urban Redevelopment Authority (URA) said on Friday (Aug 25). The Jurong Lake District project – set to be completed after 2040 – was first announced in 2008 as part of URA’s efforts to provide more job and recreational options in the heartlands….

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