Lian Beng wins construction contracts worth S$117m
Construction firm Lian Beng Group has won three new construction and civil engineering contracts worth a total of S$117 million. Two of the deals are for construction projects in the private residential sector. The first contract, worth some S$36 million, is awarded by Sing Holdings for the construction of Bellerive Condominium, a private residential development … Read more
Sales of Dakota Residences encouraging
A CLOSELY watched property market preview has yielded encouraging results amidst the current subdued market conditions. Ho Bee Investment and NTUC Choice Homes have sold 80 units at Dakota Residences over the weekend. The developers have so far released 122 units in the 348-unit project at an average price of $970 per square foot – … Read more
Analysts’ views mixed over H2 GLS list
Generally, they welcome more sites on the reserve list THE Government Land Sales (GLS) programme for the second half of this year has triggered mixed responses from property analysts. While some read the moderate supply as a plus for property prices, others feel it reaffirms the weak market sentiment. The GLS list for the second … Read more
Directors at Bonvests, Ho Bee, Sim Lian, Yangzijiang pick up shares
THE stock market remained depressed last week with the Straits Times Index rising a mere 22.3 points to close at 3,001.81 on Friday, leaving the bourse down by nearly 6 per cent this month. The weak market sentiment prompted directors of several listed firms to provide some price support, with most of the buyers picking … Read more
Sky-high building costs hit charities hard
RISING construction costs are not only making condominiums and malls here more expensive to build, but they are also putting the squeeze on charity organisations. At least three local charities have seen the costs of their building projects, from dementia centres to youth facilities, rise steeply over the past six months. In one case, costs … Read more
Evergro to develop iconic mixed project in Jiangyin
SINGAPORE’S Evergro Properties is building an iconic 55-storey tower, which will be the highest residential building in China’s Jiangsu province. This high-rise block is part of an 83,000 sq m mixed development called Stamford City of Jiangyin, featuring 1,200 homes, a block of small-office, home-office units, as well as a mall. Two weeks ago, Evergro … Read more
