荣南获迪拜地铁4040万元合约

荣南控股（Yongnam Holdings）获得总值4040万元的三项迪拜地铁（Dubai Metro）合约。
　　
其中最大的一项合约价值3080万元，要为12个地铁站提供钢铁结构的供应、制造和移交等工程。这三项合约预计会于今年年底前完工，将对集团的营收和经理产生积极的贡献。

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BBR HOLDINGS (S) LTD - AWARD OF CONTRACT

BBR Holdings (S) Ltd (the “Company”) wishes to announce that Singa Development Pte Ltd, a wholly-owned subsidiary of Singapore Piling & Civil Engineering Private Limited, has been awarded a contract by the Ministry of Education to build and alter the existing Junyuan Primary School at No. 2 Tampines Street 91, Singapore.

The contract sum is approximately S$26.4 million and contract duration is approximately 16 months.

Work for this project has started and is expected to be completed by October 2009.

There is no material impact on the earnings per share or net tangible asset per asset of the Company for current financial year ending 31 December 2008.

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环球影城工程花落中国京冶

本报讯 （记者刘珊云）昨天，中国冶金科工集团宣布，世界第六座环球影城——新加坡环球影城总承包工程花落旗下中国京冶工程技术公司，中标工程总额达36亿元，于2009年10月31日完工，2010年开业。这也是中资建筑企业在新加坡获得的最大规模的承包工程。
　　
据了解，此次承包工程业主为新加坡圣淘沙名胜世界私人公司，“圣淘沙名胜世界”由云顶国际投资建设，位于新加坡的圣淘沙岛，是一座新建的综合娱乐城项目，预计2010年开业。


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Sino wins US$28.6 mln China contract

Sino Construction Limited today said its subsidiary, Daqing City Dazheng Building Installation, has been awarded a contract worth RMB202 million (US$29 million) by Daqing Hi-Tech City Construction Investment Development.

The contract is for the construction of Daqing Service Outsourcing Industrial Park - Phase Two.
The work is expected to start in June 2008 and be completed in December 2008.

Sino said the contract is expected to contribute positively to the group's earnings per share or net tangible assets per share for the current financial year ending December 31, 2008.

BT newsroom

Lian Beng wins $117 mln construction projects

Construction firm, Lian Beng Group Ltd, has won three new construction and civil engineering contracts worth a total of $117 million.

Among the contracts were two construction projects for the private residential sector.

The first of which was a $36.2 million contract awarded by Sing Holdings (Bellerive) Pte Ltd for the construction of Bellerive Condominium, a private residential development located at the junction of Keng Chin Road and Ewe Boon Road.

Work on Bellerive Condominium will involve the construction of 51 apartment units within a 15-storey block, and is scheduled to be complete by July 2010. The cost of constructing the Bellerive development works out to about $585 per sq ft.

Separately, the group won a $50.4 million contract from Lafe (Emerald Hill) Development Pte Ltd, to construct 33 private residential apartments at Emerald Hill Road.

The construction cost of the Emerald Hill development is estimated to be $668 per sq ft and work at this development is expected to be complete around the fourth quarter of 2010.

The group has also secured a $30 million civil engineering project, which was awarded by the Public Utilities Board, for a part of Singapore's network of NEWater pipelines.

For this project, Lian Beng has teamed up with Ri Dong Corporation Pte Ltd in a 50-50 joint-venture.

The civil engineering project will involve the design and construction of a NEWater pipeline running from Changi NEWater Plant to Jurong, Tuas and Jurong Island.

Work on the NEWater pipeline project is expected to be complete in July 2009.

With these latest contract wins, Lian Beng's orderbook stands at about $800 million. -- BT Newsroom

Chip Eng Seng unit bags $123.5m HDB contract

CHIP Eng Seng Corporation's wholly owned subsidiary Chip Eng Seng Contractors (1988) has been awarded a $123.5 million contract by the Housing and Development Board (HDB).

Mr Lim: 'With increasing demand for construction, we are confident of our prospects for the rest of 2008'

The contract is for the construction of five 25-storey residential blocks in Sengkang. The contract includes the construction of a multi-storey carpark with future community facility on the first storey, and a precinct pavilion. Work is expected to begin this month, with completion slated for 2011.

The contract is not expected to have any material impact on the group's net tangible assets and earnings per share for the current financial year ending Dec 31.

This is the company's second HDB construction contract this year. In January it announced a contract to build 1,394 housing units in Queenstown. The company has also undertaken two other HDB housing projects, one in Sembawang and the other being Pinnacle @ Duxton.

The group's construction order book now stands at about $755 million. Said executive chairman Lim Tiam Seng: 'With increasing demand for construction, we are confident of our prospects for the rest of 2008.'

Mr Lim further believes that the group's construction division will continue to have a busy year ahead with tenders and construction work.

集永成又获组屋承建工程

集永成建筑工程（Chip Eng Seng Contractors）获得建屋发展局一项价值1亿2350万元的合同，负责在盛港修建五栋组屋，每栋各25层，拥有698个单位。

这项合同还包括建造一座多层停车场和一座凉亭，停车场一楼未来将成为民众设施。这项工程将于今年6月开始动工，并将在2011年前完成。

这是集永成集团今年获得的第二项建屋局的建筑合同。这项合同预计不会对集团今年的净有形资产值和每股盈利产生实质影响。

集永成目前的订单合同达到7亿5500万元。集团执行主席林镇成表示，由于建筑需求的增长，集团对今年的前景抱有信心。他也预计集团未来一年的建筑业务将非常繁忙。

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荣南控股获总值8335万元建筑承包合同

荣南控股（Yongnam Holdings）取得滨海湾金沙（The Marina Bay Sands）综合度假胜地的两个建筑承包合同，总值8335万元。它在去年11月和今年5月间，已取得了四个合同，总值1亿7770万元。

两个新的合同当中，一个是日本五洋建设公司（Penta-Ocean Contruction）发给的，价值4135万元，荣南控股将为这个客户供应、装配和建起综合度假胜地的ArtScience Museum的钢筋结构。

第二个合同是胜宝旺工程建筑（Sembawang Engineers and Constructors）发给的，价值4200万元，荣南控股将为该客户供应、装配和建起综合度假胜地的赌场和剧场墩座的钢筋结构。此外，它也将为该项目供应、装置和拆除零时支架、装备和覆工钣（metro decking）等。

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Sino Construction launches IPO to raise $35.6m

BUILDING construction and civil engineering company Sino Construction yesterday launched an initial public offering of 152,698,000 invitation shares at 39 cents each for a Singapore Exchange mainboard listing.

'The past few years have seen rapid development in Daqing, with urbanisation driving demand.' - Mr Zhao

The issue consists of 100 million new shares and about 52.7 million vendor shares.

The company, based in Daqing - China's largest petroleum production base - plans to raise net proceeds of about $35.6 million. It plans to spend $17.5 million setting up a concrete mixing plant and buying related equipment. The plant is expected to be operating by year-end. A further $10 million of the IPO proceeds will be spent on construction machinery. The balance will be used as working capital.

The IPO consists of 6,398,000 public-offer shares and 146,300,000 placement shares. All placement shares have been fully subscribed. The invitation shares are offered at a price-earnings ratio of 5.85 times based on FY2007 net earnings per share of 6.67 Singapore cents.
The company's revenue increased from 1.1 billion yuan in FY2006 to 1.16 billion yuan in FY2007. Net profit rose 18.4 per cent to 168.5 million yuan (S$33.1 million) for FY2007. As of April 1 this year, the group had a confirmed order book of 1.18 billion yuan.

Sino Construction plans to secure more big jobs with greater contract value to boost its margins and corporate image. For instance, the group has been invited to tender for the Daqing airport and railway station projects. It is also looking at expanding into second-tier Chinese cities and overseas.

Demand for the company's services is expected to be fuelled mainly by rapid urban development in Daqing, the development of an industrial corridor, and government initiatives to attract more foreign investors to Daqing.

Sino Construction's executive chairman and chief executive Zhao Chuan Wen said: 'The past few years have seen rapid development in Daqing, with urbanisation driving demand for commercial and residential projects. The urbanisation phase is still in an early stage, so we feel that there are a lot of opportunities for construction companies like ourselves.'

The public offer closes on June 10 and trading of Sino Construction's shares is expected to start on June 12.

伟合控股 获570万元合约

伟合控股（Wee Hur）的独资子公司伟合建筑（Wee Hur Construction）获得一项价值570万元的合同，在圣淘沙的Cove Drive建造一栋两层楼、拥有游泳池的屋子。

工程预计于今年底前完成。

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$1b contract for Sentosa IR awarded

RESORTS World At Sentosa on Wednesday awarded its biggest construction contract to date - a $1.05 billion deal to build three hotels.

The contract went to Kajima-Tiong Seng joint venture. The Japanese and local tie-up will build RWS' Hotel Michael, Maxims Residences and Festive Hotel, as well as the casino and the theatre.
This brings the total amount of contracts given out to $2 billion for the construction of the $6 billion integrated resort on Sentosa.

Mr Michael Chin, RWS' executive vice-president of projects said: 'This contract covers some of the key components of the development, and we were looking for a contractor with the relevant experience and reputation for completing projects on time. Kajima and Tiong Seng's track record, ranging from the Marina Bay Financial Centre (Phase I) to the St. Regis Singapore, speaks for itself.'

Giving a further update on the construction, Mr Chin said that the buildings can be seen rising from the ground within the next few months.

The foundation work for the roller coaster ride in its Universal Studios theme park will start in June or July.

The resort is on track to be completed for its soft opening in 2010.

Singapore casino gives $780 mln contract to Kajima

SINGAPORE, April 23 (Reuters) - Singapore casino Resorts World at Sentosa said on Wednesday it has awarded a S$1.05 billion ($780 million) building contract to Japan's Kajima Corp and Singapore's Tiong Seng Contractors.

The contract, the largest to date for the S$6 billion casino, was awarded to a joint venture set up by Kajima and Tiong Seng, Resorts World said.

Resorts World, one of Singapore's two planned casinos, is set to be completed by early 2010, and has awarded over S$2 billon worth of building contracts so far, it said.

(Reporting by Koh Gui Qing, editing by Neil Chatterjee) ((Guiqing.Koh@Reuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +65 6403 5665)) ($1=1.347 Singapore Dollar)

Construction of Singapore's first Hard Rock Hotel to start in May

SINGAPORE: Construction of Singapore's first Hard Rock Hotel, which will be located at the upcoming Resorts World at Sentosa, will begin in May. The 360-room hotel is one of six to be developed, and fans and visitors will be grooving to it when the famous chain opens in 2010.

Together, the hotels will provide 1,800 rooms, but this may still not be enough. Elena Arabadjieva, Deputy Vice-President, Resort Marketing, Resorts World at Sentosa, said: "We have 15 million visitors projected for the first year of operation, out of which 60% will be from overseas. "

We will definitely have challenges accommodating all our guests. Therefore, we are working with the hotels on the island to forge out some partnership. "In the years to come, we are looking at different opportunities, from block booking part of the properties and other forms of partnership."

The S$346 million five-star hotel will have 20 conference rooms which are expected to be in high demand, especially the massive ballroom with no columns. This will be located at the basement of the Hard Rock Hotel and could take up to 7,300 people.

The Hard Rock Hotel chain has operations in the US and around the region, including Bali, Penang and Pattaya. Resorts World has been promoting its wide range of offerings in trade shows overseas.

It is expected to rev up its marketing activities in 2009 in Southeast and North Asia, Australia as well as Europe. The Hard Rock Hotel is part of the S$6 billion resort development. It is also the first of six hotels to begin construction work after the building contract was awarded to Low Keng Huat Limited.

The construction firm edged out two other bidders to secure the deal. Resorts World said Low Keng Huat was selected based on its proven track record and its expertise in building construction and property development, especially in the hospitality-related sectors.

This deal is the latest in a string of construction contracts amounting to over S$1 billion that have been awarded so far. - CNA/vm

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Singapore firm to build Hard Rock Hotel for $247 mln

SINGAPORE, April 8 (Reuters) - Genting International said on Tuesday it has chosen Low Keng Huat (Singapore) to build the city-state's first Hard Rock Hotel in a deal worth more than S$340 million ($246.6 million).

The Hard Rock Hotel will be one of six hotels at the planned S$6 billion Resorts World at Sentosa casino-resort, which is expected to be completed by 2010.

Genting International is the overseas arm of Malaysian gaming giant Genting Bhd.

(Reporting by Kevin Lim; Editing by David Cowell)

KSH wins $53m KepLand deal

CONSTRUCTION and property group KSH Holdings has secured a contract worth about $53 million from a Keppel Land subsidiary.

Mr Choo: Orders secured in the first three months of this year - $277m - are more than half of the $510m KSH achieved for 2007

The contract from Keppel Land Realty is for the construction of Madison Residences, an 18-storey luxury condominium development at Bukit Timah Road.

Construction work is scheduled to begin in June and expected to be completed within 130 weeks.
Choo Chee Onn, executive chairman and managing director of KSH Holdings, said: 'Including this contract, our total contract value secured within the first three months of this year has exceeded $277 million, more than half of the $510 million we had achieved for 2007.'

Existing orders now stand at more than $658 million, with the unfulfilled contract value for all existing contracts on hand expected to cover up till the third quarter of the financial year ending March 31, 2011.

Mr Choo added that KSH would continue to expand its clientele base to include more blue-chip property developers.

Besides the Madison Residences deal, the group's current residential contracts include three at Sentosa Cove. These include the $121 million The Coast contract and the $65 million Turquoise contract, both from Ho Bee Group.

The third, Seascape At Sentosa Cove, was awarded by Seaview (Sentosa), a co-owned company of Ho Bee and IOI Group.

Other residential projects on hand include a $53 million high-end condominium residential project at Orange Grove Road, also from Ho Bee, and a $32 million contract for the construction of landed housing at Old Holland Road from developer Brisbane Development.

RWS awarded the superstructure contract

RWS awarded the above-ground superstructure contract, worth over S$1 billion to Japanese construction company, Kajima Construction.

The company will undertake the superstructure development of the central zone, which includes Hotel Michael, the Le Vie showroom, Maxims Residences and FestiveWalk.

Construction will ramp up towards mid-2008, with as many as 8,000 workers laboring round-the-clock.

Aussie firm inks $5b Marina Bay contract

AUSTRALIAN company Macquarie Global Property Advisers (MGPA) is investing $5 billion in an integrated commercial development in Marina Bay and looking for more investments in Singapore and the region.

MGPA's chief executive for Asia developments, Mr Michael Wilkinson, said at the development's signing ceremony yesterday that the company is optimistic about Singapore property.

Mr Simon Treacy, who heads the firm's Asia investments unit, agreed, saying: 'Fundamentals are great in the medium to long term.' He added that MGPA is keen to invest in Singapore's residential, retail and office sectors.

The $5 billion investment will be the private equity fund management firm's largest in South-east Asia although it has invested $4.5 billion in Singapore over the past 18 months.

'MGPA's participation is a demonstration of the growing interest from foreign real estate investors in Singapore,' said Minister of State for National Development Grace Fu at yesterday's signing ceremony for the project.

Ms Fu, the guest of honour, said the Government is committed to supplying adequate land for prime office developments. The new area at Marina Bay will provide about 2.82 million sq m of office space - more than twice the size of London's Canary Wharf, she said.

MGPA's Marina View development alone will yield about 200,000 sq m of space.

It had successfully tendered for the first 1.02ha Marina View site with a $2.02 billion bid last September.

The Australia-based firm then won the second 0.9ha site last November at a $950 million bid.
The first office building will be completed in 2011, and the second - which will boast a luxury hotel with at least 220 rooms - will be ready a year later.

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国际游轮终站6月动工建泊位

预计2010年建成的滨海南国际游轮终站（International Cruise Terminal），将在今年6月动工建造泊位，并在今年第三季为搭客大厦和停车场的建筑工程招标。

国际游轮终站将建在滨海岸通道附近，就在滨海南码头旁，靠近“滨海湾金沙”综合度假胜地、滨海堤坝、滨海湾花园及新加坡摩天观景轮等多个重点发展的新基础设施。

新加坡旅游局局长林梁长前天在美国迈阿密参加常年的“海洋贸易游轮运输大会”时，在记者会上透露国际游轮终站的建筑详情。

滨海南国际游轮终站将有两个非常大的泊位，可容纳目前世界最大的游轮，以及未来建成可载多达5400人的巨型游轮。这个新设施加上现有港湾城的新加坡游轮中心（Singapore Cruise Centre）的两个泊位，将显著提高我国处理游轮乘客的能力，协助在2015年取得每年处理160万游轮乘客人次的目标。新加坡游轮中心去年处理的游轮乘客达94万3000人次，

在设施方面，国际游轮终站的泊位有更深的吃水深度，更大的掉头区（turning basin），对船高也没有限制，可容纳总注册吨位高达22万吨位、船身长360公尺，吃水11.5公尺的巨型游轮。

此外，这个终站也将有完善的道路网络同地铁连接，让乘客在20分钟内前往樟宜机场。从国际游轮终站驱车前往新加坡游轮中心也只需10到15分钟的车程。

终站大厦料今年第四季动工

负责工程的裕廊集团将在下个月公布成功标得泊位打桩和建筑工程的承包商，工程随后在6月展开。

终站的大厦建筑设计和工程计划的招标将在近期截止，旅游局将在下个月公布投标结果，大厦预料在今年第四季就能开始动工兴建。

英国海洋航运咨询公司（Ocean Shipping Consultants）预测，亚洲游轮乘客量在2010年将达到154万人次，到了2015年更会增加到202万人次。


林梁长说，新的游轮设施将能协助新加坡抓紧国际和区域增长所带来的机会。他说，目前已有几个世界级游轮公司以新加坡为基地或必到的国家，如皇家加勒比国际（Royal Caribbean International ）、丽星邮轮（Star Cruises）和歌诗达游轮（Costa Cruises）。

此外，新加坡今年也将迎接展开处女航的冠达游轮（Cunard）“维多利亚皇后号”，以及公主游轮（Princess Cruises）、大洋游轮（Oceania Cruises）和荷兰美国游轮（Holland-America Lines）等公司的游轮。

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Singapore's KSH wins $87 mln Sentosa condo project

SINGAPORE, March 12 (Reuters) - Construction firm KSH Holdings said on Wednesday that it has won a S$121 million ($87 million) contract to build a luxury condominium project on Singapore's Sentosa island.

The contract, awarded by joint venture developers Ho Bee and IOI Land, brings KSH's existing order book to over S$614 million, the company said in a statement.

KSH managing director Choo Chee Onn told Reuters in an interview last month that the firm is aiming to get S$350-S$400 million worth of contracts this year, lower than in 2007 as a construction boom cools amid fears of an economic downturn.

Tat Hong Q3 earnings up 20% to $21.2m

TAT Hong, the world's largest crane company, hoisted its third-quarter earnings by 20 per cent to $21.2 million, thanks to strong demand and better margins in all its key markets.

The earnings boost for the October-December 2007 quarter was achieved on the back of a 17 per cent increase in revenue to $157.9 million, from $135.3 million a year earlier.

On a year-to-date basis, the company lifted its earnings for its first nine months of FY08 by 65 per cent to $61.4 million, on the back of a 31 per cent rise in revenue to $456.2 million.

During the quarter, crane rental revenue contribution almost doubled due to higher rental rates, strong demand from Australia's resources sector, and higher contribution and rising utilisation rates from projects in Singapore, Malaysia and the Middle East.

As a result, gross profit margin increased from 30.5 per cent a year ago, to 39.6 per cent during the 3Q/FY08 period.

Gross profit was up 52 per cent to $62.6 million.

The only segment which saw a decline was equipment sales, which decreased 8 per cent from $78.9 million, to $72.7 million. The company attributed this to a delay in shipment of cranes.
On a segmental basis, gross profit from the flagship crane rental business more than doubled to $32.6 million during the quarter, from $16.2 million in 2006.

Roland Ng, Tat Hong's president and chief executive officer, sounded bullish on prospects for the company, going forward.

'The outlook for our industry is very positive,' he said. 'And this is particularly so for Asia in general, and Singapore in particular, which sits at the epicentre of this growth. We are in the right industry, in the right place, at the right time.'

He said construction demand in Singapore this year would surpass the previous high of $24.4 billion in 1997.

'And the strong growth we are seeing now will continue for the next three years.'

Meanwhile, the company is listing its 21 per cent held China subsidiary, Yongmao Holdings Ltd, here next week.

Mr Ng said investor reception to the IPO had been very good, given the strong prospects for the China- based company.

'Demand for tower cranes in China is outstripping supply,' Mr Ng said. 'And this demand will grow even more as that country's infrastructure needs, especially in the energy sector, intensifies.'

Yongmao launched its IPO offering of 115 million shares at 35 cents a piece on Jan 31. It will start trading on the Singapore Exchange on Feb 21.

BT understands that all placements shares have been fully subscribed.

Tat Hong's stake will be diluted to 15.7 per cent after the listing.

This is the second listing of a subsidiary by the Singapore-listed crane giant. In end-2005, it listed its Australian subsidiary Tutt Bryant, which has since grown to become one of the country's biggest and most successful crane companies through both organic growth andacquisitions.

Tat Hong's latest results boosted the company's earnings per share for the nine months to end December by 51 per cent to 12.13 cents.

Sembawang E&C bags $400m IR contract

SEMBAWANG Engineers and Constructors (SEC) has been awarded a $400 million contract by Marina Bay Sands Pte Ltd to build the Marina Bay Sands integrated resort's (IR) North Podium comprising the casino, theatres and retail arcade.

But with a construction period of just 15 months, pressure will already be on Singapore's biggest construction company to start work soonest possible.

Saying that the timeframe is 'pretty tight', SEC president and CEO Alwyn Bowden added: 'The Marina Bay Sands (MBS) North Podium is a fast-track project which will require our dedicated attention.'

In November 2007, SEC was also awarded a $463 million contract for architectural, civil and structural works at the Bayfront MRT station in Marina Bay.

Mr Bowden added: 'We are especially well placed to handle (the MBS) project as we are also constructing the new Downtown Line Bayfront MRT station in Marina Bay, which will connect directly to the resort's MICE (Meetings, Incentives, Conventions and Exhibitions) centre.'

The MBS project involves building the substructure and superstructure of the North Podium, and will have four upper levels and a four-storey basement.

Work is expected to start this month and is set for completion in April 2009.

Apart from maintaining a 24-hour construction site, fast-tracking construction will also require coordination with various parties involved who will invariably have inputs. Mr Bowden explained that they have to 'make sure changes do not impact on construction process'.

On the complexity of the project, and the possibility of delays, he said: 'We have tried to cover whatever eventuality that may arise.'

As far as equipment and building materials are concerned, Mr Bowden is confident that its supply chain management has sources and prices under control. 'We have not found materials to be a problem,' he added.

Mr Bowden could not say how many other construction companies had been in the running for the coveted contract, but he did say that there was 'an emphasis on price', when it came to bidding.

However, with construction company services in high demand at the moment, the days of 'razor- thin margins' are over.

Mr Bowden added: 'For construction companies, the volume (of work) means that one can look around and be a bit more choosy.'