Tag Archives: Building and Construction Authority

BCA awards for seven buildings for design and safety

Posted on 1 May 2013 | Comments Off on BCA awards for seven buildings for design and safety

Seven buildings have been conferred the Design and Engineering Safety Excellence Awards and merit commendations by the Building and Construction Authority (BCA).

The award recognises engineers for their exemplary design feats and high safety standards in the structural design, construction and maintenance of buildings.

Engineers for the ArtScience Museum were among the winners.

The building, resembling a lotus flower, has a unique three-dimensional structure comprising two levels and 10 petals of varying heights and widths spaced evenly on a radial axis.

The engineers designed a rational and simple way of holding and balancing the structure in space.

Engineers on the National University of Singapore (NUS) Link Bridge project also won the award.

Measuring 274 metres in length, the bridge connects the Kent Ridge campus to University town and spans 10 busy traffic lanes of the Ayer Rajah Expressway (AYE).

The bridge was constructed with pre-cast technology where bridge segments were cast off-site and transported for assembly on-site during off-peak hours.

This enhanced safety and eliminated the need for temporary structures and road closures during the day.

Engineers for two other projects – Mount Elizabeth Novena Hospital, and the Institute of Technical Education (ITE) College Central – were given the award for adopting highly efficient engineering approaches to meet architectural and functional requirements, while enhancing productivity, site safety and quality.

Engineers for three projects were given the merit commendation for Downtown Line Phase 1, Volari at Balmoral Road and The Residences at W Singapore.

Source : CNA – 1 May 2013

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Owners of private non-landed homes profit from resales

Posted on 30 Apr 2013 | Comments Off on Owners of private non-landed homes profit from resales

Owners of non-landed private homes earned a gross profit of S$107 million from quick resales over the five quarters of Q1 2012 to Q1 2013, according to a report from OrangeTee.

It stated that high home prices contributed largely to the profit in this segment, adding that the overall private residential price index “rebounded very strongly”, and is now 60 percent higher compared to levels in 2009.

“In the current bull run, newly completed homes that were resold upon receipt of Temporary Occupation Permit (TOP) yielded good returns for purchasers.”

According to the Urban Redevelopment Authority (URA) and Building and Construction Authority (BCA), 103 projects obtained TOP from Q1 2012 to Q1 2013, of which 68 recorded 348 transactions in the same quarter upon completion.

Sellers of newly completed units saw an average return of 33 percent. The most profitable non-landed private homes were in the Outside Central Region (OCR), where average profit stood at 41 percent compared to 31 percent in the Rest of Central Region (RCR) and 25 percent in the Core Central Region (CCR).

Units measuring 50 sq m or below (shoebox apartments) in all three regions were less profitable than larger units.

“Contrary to common belief, profitability of shoebox units underperformed the general market across all segments. Average profitability per unit was S$132,000 or 25 percent in the last five quarters, lower than that of the overall market,” noted OrangeTee.

Moving forward, the non-landed private housing market is expected to remain strong due to low interest rates, sustained foreign capital inflow and “record land prices” in recent Government Land Sales (GLS).

Source – PropertyGuru – 30 Apr 2013

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Posted in Property Market / Real Estate

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