Browsing: Singapore

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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HDB inks $10.7m deal with NTU and SUTD

The Housing and Development Board (HDB) sealed two deals worth $10.7m with Nanyang Technological University, Singapore (NTU Singapore) and the Singapore University of Technology and Design (SUTD) to fulfill housing needs. HDB signed a $4.7m collaboration


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Singapore’s GIC eyes acquiring 31.7% stake in Philippines’ EDC

MANILA (Reuters) – Philippine renewable power producer Energy Development Corp said on Thursday a consortium of investors including a unit of Singaporean sovereign wealth fund GIC had offered to buy about a third of the company.


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Singapore-Johor Bahru MRT link to commence operations by 2024

A cross-border MRT link that will connect Singapore and Johor Baru in Malaysia is slated to begin passenger service by the end of 2024, ministers from the two countries announced today. It was also announced that


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Will Seletar Mall be divested by SPH?

Singapore Press Holdings recently announced that its consortium with JV partner Kajima Development has been awarded for $1.13b the HDB tender for a 99-year leasehold site at Upper Serangoon Rd. According to OCBC, this mixed site


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Four new MRT stations to begin operations on June 18

The Land Transport Authority announced that the Tuas West Extension comprising four above-ground stations will be starting its operations starting June 18. The four stations – Gul Circle, Tuas Crescent, Tuas West Road and Tuas Link


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SP Setia buys prime land in Singapore

SP Setia Bhd, which is turning into Permodalan Nasional Bhd’s (PNB) regional property powerhouse, has won a highly-competitive bid to develop a prime piece of land in Singapore. The property developer was awarded the tender by


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