Monthly Archives: May 2011

More buildings going green

More buildings are going green.

This year, the Building and Construction Authority (BCA) is giving out a record number of BCA Green Mark awards to 164 winners, up from 102 last year.

Singapore is a step closer to the national target of “greening” 80 per cent of buildings by 2030.

The Green Mark Scheme was introduced in 2005 to recognise water and energy efficient buildings. And as of 2008, all new buildings are required by law to meet a basic Green Mark standard.

BCA said a series of green incentive schemes has encouraged many developers to go beyond the mandatory.

Incentives include additional floor area, which could translate to higher profit, as well as reimbursements for engaging environmental experts, who can help in achieving an energy-efficient design for buildings.

Organisations that voluntarily go the extra mile are given the Green Mark Gold, Gold Plus and Platinum awards.

Among them is private developer City Developments Limited (CDL).

It clinched more than 50 Green Mark Gold & Above awards, of which 16 are Platinum awards.

For this track record, CDL earned the inaugural BCA Green Mark Platinum Champion Award this year.

Apart from installing green features like water-efficient taps and energy-saving light bulbs, CDL said green development is about managing resources and harnessing Mother Nature.

And it can be cost-effective too.

Allen Ang, Deputy GM of Projects Division with CDL said: “Using green technology such as pre-fabrication, pre-fab bathrooms actually helps us reduce a lot of natural resources; not just materials, but manpower. And as you know, manpower is expensive.

“If the environment is sited such that we can orientate the building towards the north-south orientation, it also helps us to reduce air-con capacity in cooling our apartments. And in so doing, reduce the treatment cost for the glass of the facade.”

The BCA Green Mark Champion Award went to the Housing and Development Board (HDB), the first public sector agency to receive the award.

HDB has completed 14 projects that attained at least Green Mark Gold status, five of which were rated Platinum.

Some of the award-winning green projects include Treelodge@Punggol, Waterway Terraces and SkyTerrace@Dawson.

With this year’s winners, there are more than 750 Green Mark building projects in Singapore, amounting to 11 per cent of the total gross floor area.

Source : Channel NewsAsia – 17 May 2011

Development site at 70 Shenton Way up for sale by tender

A rare development site at 70 Shenton Way has been put up for sale by tender.

The commercial property, which belongs to Roxy-Pacific Holdings, is located in the Central Business District and is about three minutes’ walk from Tanjong Pagar MRT Station.

The property comprises a four-storey podium and a 17-storey office tower with an existing gross floor area of 19,557 square metres or 210,729 square feet.

It sits on a land area of 1,833.5 square metres or 19,737 square feet.

According to the Master Plan 2008, the site is zoned for commercial use with a plot ratio of more than 8.4 and a building height of up to 35 storeys.

Its sole marketing agent DTZ said provisional permission has been attained from the Urban Redevelopment Authority for the building of a 32-storey “commercial and residential” development at a plot ratio of 10.677.

It has also been granted an in-principle approval by the Singapore Land Authority for a lease top-up to 99 years.

DTZ added that amenities like banks and food & beverage outlets are readily available in the area.

Other significant properties in the area include commercial projects Twenty Anson, Mapletree Anson and Springleaf Tower, as well as new residential towers Lumiere and the upcoming 76 Shenton.

Shaun Poh, DTZ’s senior director for investment advisory services and auction said “the subject site is a rare ‘island’ plot along Shenton Way. At its strategic location, it enjoys sweeping sea views from the East Coast shoreline across to Sentosa.”

“The property should appeal to developers who are seeking good quality development sites in sought-after locations, and end users or investors looking for stand-alone commercial building with naming rights options as their corporate headquarters or a good asset with enhancement potential,” he added.

The tender for the property closes on June 23 at 3pm.

Source : Channel NewsAsia – 18 May 2011