Stories By: Marshall Cavendish (95 Articles Found)
Acromec bags S$7.6m poultry farm job for Chew’s Agriculture
Engineering-services provider Acromec has clinched a S$7.6 million M&A works contract for the construction of a poultry farm for Chew’s Agriculture. Acromec was made the sub-contractor for the works, which encompass the installation of the air-conditioning and ventilation,…
Power grab in Singapore’s electricity market could spur consolidation
As Singapore Power’s monopoly in the electricity retail market for households winds down completely in May, consolidation among the 13 retailers may be inevitable as they jostle for the 1.4 million accounts up for grabs. Meanwhile, consumers spoilt…
Development charges for hotel use jump 45.6%
Amid waning interest in private residential developments sites following last July’s cooling measures, DC rates for non-landed residential use have been lowered for the first time in three years. In contrast, DC rates for hotel and commercial use…
Oxley confident of repaying S$1.6b debt due in next three years
Oxley Holdings’ executive chairman and CEO Ching Chiat Kwong is confident that the property developer can pay off its S$1.6 billion in debt due in the next three years through the sale of its completed projects, local and…
CityDev gears up for series of launches with eye to replenishing land bank
As City Developments (CDL) gears up for its slew of residential project launches, it’s also taken a liking to some GLS sites later this year. The property group also won’t rule out occasional en bloc deals. Group CEO…
Singapore-centric developers, construction counters, Reits start 2019 strongly
Singapore’s largest capitalised property developers, construction firms and Reits with a strong Singapore focus have made a solid start to the year. According to a SGX Market Update report, the five largest Singapore-focused developers, construction stocks, and Reits…
Outlook for S’pore industrial space stable: Analysts
The latest industrial property market statistics from JTC point to the best annual performance in four years, according to some property consultants who suggest that the segment may have bottomed. However, others expect the current stabilisation phase of…
Hotel projects capturing interest of investors, developers
IBIS Singapore Novena, currently owned by Alpha Investment Partners, is understood to be on the market for an asking price of some S$240 million – underscoring the rising interest in hotel developments from developers and investors here. Alpha…
It’s your friendly neighbourhood ISOTeam
The pundits have divined that Singapore will hold its GE in a year or so, and that typically means more business for Catalist-listed ISOTeam. The building maintenance and estate upgrading company stands to clinch more R&R contracts whenever…
White site at Woodlands Ave 2 ‘likely to require deep pockets’
Bidders for the white site at Woodlands Ave 2 made available for application under the GLS reserve list are likely to be limited to consortiums and major developers with deep pockets, say market observers. This comes from the…
Singapore poised to reap the benefits of mobility
Dyson’s announcement that it will build its electric car in Singapore highlights not only the city state’s capabilities in R&D and advanced manufacturing but also underscores its role in the age of mobility we are now entering. Notable…
Soilbuild buys Sembcorp EOSM for S$12.3m
Soilbuild Construction Group on Wed said it is buying Sembcorp EOSM – an associated firm of Sembcorp Industries that designs and makes building materials in Singapore, Malaysia and India – for some S$12.3 million. The purchase involved buying…
Green energy is now mainstream
Increasing support for the sustainable development of our planet and environmentally-conscious living are reshaping government policies, disrupting industry and commerce, and even determining the choices we make as individuals. The UN IPCC recently cited the need for deep…
Co-working space a living lab for solutions
Members of co-working space provider District6 would have recently seen their environs outfitted with gadgets and gizmos ranging from the latest large-format monitors from Dell to ceiling sensors that detect occupancy levels by facility management solutions company, Pointgrab.…
Industrial property sector outlook stable in Q4 and beyond
The outlook for the industrial property sector is expected to remain stable going into the fourth quarter and beyond, although the impact from the US-China trade war remains a potential risk. Looking ahead, senior director and head of…
Developers gear up for flurry of launches before year-end
After selling 7,220 private homes in the first nine months, developers are gearing up for a final burst of launch activity before taking the traditional year-end breather. Oxley Holdings is due to begin its preview soon for the…
Katong Park Towers gets Court’s nod for en bloc sale to proceed
The sale of Katong Park Towers has been given the green light by the High Court, following some owners’ objection to the sale over factors like the method of apportionment. An order of sale was made for Katong…
Architects have the ability to inject sustainable goals into their building designs
The birth of new technologies that resemble figments of science fiction has changed the facets of human life and altered our behaviour. Climate change is an everyday reality and governments are bracing themselves for more acute environmental changes…
Solar systems key to S’pore’s renewable energy development
With 2018 designated as Singapore’s Year of Climate Action, there has been significant progress made in the detailed strategies of mitigation and adaptation as set out in the republic’s 2016 Climate Action Plan. While the carbon tax is…
Three secret sauces to designing green cities
Climate change certainly feels real, and backed by meteorological data, can indeed be proven to be real. Industrialisation has often been linked to global warming, and hence climate change. So too has the consumption of fossil fuels, whose…
Relook energy usage to redesign buildings
The rapid rate of urbanisation in SEA is sending infrastructure construction and development on an overdrive across the region, resulting in unprecedented levels of carbon emissions. As buildings are among the biggest contributors to greenhouse gas emissions, it…
Far East Hospitality sees room for variety as it grows
Mid-tier hotel operator Far East Hospitality’s (FEH) CEO Arthur Kiong acknowledges the rosy statistics for the hospitality industry: tourism arrivals were up to 17.4 million last year and hotel occupancy this year hovers around the mid-80s. Pointing to…
Things still hunky-dory for co-working operators, but test will come during a business downturn
Last year, some watchers of the office-space market were predicting consolidation in the co-working space sector here. Today, the mood is more buoyant and the possibilities for their expansion in Singapore seem boundless. Co-working space operators are currently…
URA nod for 4,107 units at Tampines Court, Normanton Park
URA granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through collective sales. Sim Lian won URA’s provisional nod…
Fierce competition among developers may be why fresh curbs are needed
Same facts, different interpretations. This axiom is starkly exemplified by the strong reactions of the property industry to the latest housing cooling measures that took effect on July 6. Redas has insisted that there is no rationale for…
Tech-friendly Singapore ‘a good city for urban trials’
Singapore’s tech-friendly climate has made it attractive for urban trials, said Katsumi Emura, CTO of Japan’s NEC Corp. But he also cautioned that technical developments cannot replace value creation, as solutions must take into account the needs of…
Sunny outlook for solar panel recycling
The use of solar photovoltaic (PV) panels in response to climate change is growing exponentially, with some 400 million PV panels already installed worldwide. But they do not last forever and ultimately end up at landfills, where toxic…
More visibility needed in renewal of land tenure for industrial Reits
The government’s move to shorten industrial land leases has clearly served its purpose well in keeping costs down for end-users. On the other hand, it has been a bane for industrial Reits, which have found limited room for…
Sunway Property builds presence in Singapore
Malaysian conglomerate company Sunway Group’s property division, Sunway Property, is building up its presence in Singapore through new projects and land bank acquisitions. This includes a S$530 million en bloc acquisition of Brookvale Park condominium, located on prime…
3M opens new headquarters in Singapore
Global science company 3M officially opened its new Singapore headquarters in Ang Mo Kio on Wed. The facility houses a S$1.3 million Customer Technical Centre (CTC) showcasing the American MNC’s technologies, including VR technology that simulates work-at-height training…
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