Category Archives: Construction

New Orchard mall targets youth

YET another mall will go up on Orchard Road next year, but it will distinguish itself by giving only 30 per cent of its space to retail, or food and beverage businesses.

The rest of the space in the five- storey building will go to a wide range of facilities aimed at nurturing youth talent and developing a vibrant community for young people.

*Scape, which will sit on a 12,000 sq m plot next to Orchard Cineleisure, will be ready in March. It will be in addition to the *Scape Youth Park across the road.

The $40 million building will position itself as an iconic youth brand and be a youth-engagement hub, said its general manager Evelyn Lau.

Its third storey, for instance, will have dance, music and recording studios for budding musicians, and its fourth, new media production suites and editing studios for those keen on generating new media content.

Those who want to put up a drama or musical performance can do so at a theatre, which can seat 600. Continue reading

Low Keng Huat profits treble on building and gaming gains

LOW Keng Huat’s second-quarter net profit more than tripled, thanks to its booming construction segment and higher contributions from its gaming centre operations.

The property and hospitality group yesterday posted net profit rising 264 per cent to $20.1 million for the three months ended July 31, up from $5.5 million during the same period last year.

Group turnover for the second quarter increased 133 per cent to $161 million, mainly due to gains from construction.

The rise came despite lower contributions from the hotel and food and beverage (F&B) business.

Revenues from development and investment were not significant, the firm said yesterday. The group’s current investments are in properties located mainly in Singapore and Malaysia, as well as some quoted equity investments.

Construction revenue, the firm’s largest contributor by industry, was up 177.6 per cent to $150.2 million for the second quarter, compared with the three months last year. Continue reading