Browsing: Singapore

Singapore to set up S$5bil rail infrastructure fund this year

SINGAPORE: Singapore will set up a new Rail Infrastructure Fund worth S$5bil this year for major rail lines ahead, said Finance Minister Heng Swee Keat. “This can be topped up in future years when our fiscal


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Singapore construction sector plummets by 8.4% in 2017

Weakness in construction demand will impede the sector’s growth in 2018. The construction sector shrank by 8.4% in 2017, the only industry that registered negative growth. The low output was caused by 29.1% decline in the


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Singapore’s HDB seals $168m housing development deal

The Housing and Development Board (HDB) awarded a $168m design and build contract for Sengkang Neighbourhood 4 to construction group Chip Eng Seng Corporation Ltd. (Chip Eng Seng). According to an announcement, the contract comprises the


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Dunearn Gardens tender could attract offers up to S$488m

Knight Frank launched the sale of Dunearn Gardens, a high-rise residential redevelopment site, and are now expecting offers of at least S$488.8m. The property has a site area of 8,867 sq m, and is located 100


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Singapore construction contracts to reach at least $26b in 2018: BCA

Demand for public sector construction is expected to grow from $16b to $19b. The Building and Construction Authority (BCA) projects the total value of construction contracts to be awarded this year to range between $26b to


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Singapore to launch 17,000 new Buy To Own flats in 2018

1,000 flats in Sembawang, Sengkang, and Yishun will be launched in H2. The Housing and Development Board (HDB) will launch 17,000 new build-to-order (BTO) flats next year, slightly lower than the supply of 17,584 in 2017,


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Extra $700m in projects to boost Singapore construction sector

Govt bringing forward more contracts over next two years, including upgrading works More estates will get a makeover and new walkways will be built across Singapore, as the Government seeks to give a fillip to the


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Singapore tables bill supporting HSR links with Kuala Lumpur

SINGAPORE: A bill to support the building and running of two future rail links between Singapore and Malaysia was introduced in Parliament, The Straits Times reported. The report said the Cross-Border Railways Bill would provide for


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Lian Beng bags $162m contract for Martin Modern development

Lian Beng wins a bid for a contract from Martin Modern Pte Ltd for the proposed condominium housing development comprising two blocks of 30-storey condominiums, with a total of 450 units. According to KGI, the contract


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Outlook for Singapore’s construction sector turns south

The Singapore Commercial Credit Bureau (SCCB) released a lower but still positive overall business sentiment score of +2.6 ppt for Q4 this year. However, indicators for the construction sector deteriorated after only two out of six


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