Daily Archives: 27 Oct 2009

S’pore’s first zero energy building launched

It costs $11m to retrofit and is the first building of its kind in SE Asia

The republic’s first zero energy building (ZEB) was launched by National Development Minister Mah Bow Tan yesterday at the start of Singapore Green Building Week.

Touch of greenery: The ZEB is estimated to be about 40-50% more efficient than a normal office building of a similar layout, and all things being equal, is expected to save $84,000 in electricity costs

The ZEB, within the Building and Construction Authority’s BCA Academy, costs $11 million to retrofit and is the first building of its kind in South-east Asia.

It does not need any external energy supply. The roof is fitted with about 1,540 square metres of solar panels that generate about 207,000 kilowatt hours of electricity a year – enough to power 45 four-room HDB apartments.

The ZEB is estimated to be about 40-50 per cent more efficient than a normal office building of a similar layout, and all things being equal, is expected to save $84,000 in electricity costs.

BCA chief executive John Keung estimates that retrofitting a building to qualify for the Platinum Green Mark award would cost a 5 per cent premium on average.

BCA is using the ZEB as a testing ground for various kinds of efficient devices such as single coil twin-fan ventilation systems and mirror ducts.

The refinement of these technologies is geared towards meeting the target set out in the Singapore Sustainable Blueprint, which aims to have 80 per cent of all buildings in Singapore achieve at least the basic Green Mark Certification by 2030. Continue reading

Australand arm wins Q3 deals worth A$318m

780 contracts from wholly owned, joint venture projects in Melbourne, Sydney

AUSTRALAND Property Group said yesterday that its residential division bagged about 780 contracts worth over A$318 million (S$409 million) in wholly owned and joint-venture projects in Melbourne and Sydney in the third quarter of this year.

As a result, the division exchanged a total of about 1,800 contracts (for land, housing and apartments) with sales revenue of about A$700 million in the first nine months of this year.

As at Sept 30, 2009, the residential division had 14,500 lots in its development pipeline comprising land communities, housing and apartment developments.

‘The pipeline is geographically diversified across the capital cities of Australia’s eastern seaboard and Perth,’ Australand said in a Q3 2009 property update issued yesterday, ahead of its parent CapitaLand’s Q3 financial results statement to be released today.

Australand does not issue quarterly financial results; it releases them only at full year and half time.

‘First-time home buyer demand is slowing with the winding back of the first home buyers boost at the end of September. Continue reading