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The Business Times  |  Posted: 29 March 2013 JTC Corporation has launched an industrial site at Loyang Way for sale by public tender, under the Industrial Government Land Sales programme. The 222,092 square foot site has a gross plot ratio of 2.5. It is zoned for Business 2 development, and has a 30-year lease. Strata-subdivision is allowed for the site. Desmond Lim, associate director at CBRE Research, said the low supply of such sites in the area would likely spur interest in the Loyang Way plot. "There have not been any government land tenders in this area since 2005 at least, and this is the only plot for tender in the first half of 2013. In addition, there is limited supply of available plots in the area. The site should therefore see healthy interest from a number of bidders," he said. "Bids are likely to stem from end-users who are in the aerospace or engineering industries as those are the main tenants in the area currently.

The Business Times  |  Posted: 29 March 2013 The Housing and Development Board (HDB) is in the last leg of its Lift Upgrading Programme (LUP), and is targeting to complete the new lifts in outstanding precincts by end-2014. This would cap some $5 billion spent on the programme, which has benefited more than 500,000 households in 5,000 blocks since its launch in 2001. Despite this, some 200 blocks across Singapore remain without lift access on some floors, and HDB will continue to look into new technologies to make it feasible for lift access to reach these blocks some time in the future. National Development Minister Khaw Boon Wan made these comments in his blog, Housing Matters, yesterday. An HDB spokeswoman told BT that these 200 blocks are not eligible for LUP mostly either because there are not enough benefiting units to share the LUP cost, or because they come with severe site constraints which make them technically unsuitable. These bloc

The Business Times  |  Posted: 29 March 2013 Analysts say Coronation Road site will be the most coveted and contested because of its rarity and prime location Three 99-year leasehold sites that can yield about 845 private homes and executive condominiums (ECs) have been released, with one of the plots in Bukit Timah singled out by analysts for its rarity and location. Yesterday, the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) released two sites - one at Coronation Road and the other at Woodlands Avenue 5 - under the Government Land Sales (GLS) programme. It made another site at Jalan Bunga Rampai available for application on the Reserve List. Most analysts expect the land parcel at Coronation Road to see the strongest demand, with 5-17 bidders, primarily because of a lack of supply of landed sites and its prime location. The plot, which is about 403,000 square feet and can yield about 140 landed homes, sits withi

The Business Times  |  Posted: 29 March 2013 Strong contributions from associated companies and joint ventures helped Low Keng Huat (Singapore) cushion the impact of a sharp drop in revenue in its fiscal fourth quarter. For the three months ended Jan 31, it recorded a 30 per cent jump in net profit to $42.2 million. Share of results of associated companies and joint ventures doubled to $34 million. Also helping were $4.2 million in "other income" stemming from fair-value gain on short-term quoted investments and a 61 per cent fall in "other operating expenses" to $2.2 million. The fourth-quarter revenue dropped 40 per cent to $25.2 million owing to a fall in construction activities. Earnings per share (EPS) for Q4 was 5.77 cents, up from 4.38 cents a year ago. For the 12 months to Jan 31, the group reported a 28 per cent increase in net profit to $109.7 million. "The increase was mainly due to higher profits from d