Unveiled: first government land sales under new BCA rules
Singapore
WITH new rules to raise productivity in the construction sector kicking in on Nov 1, the first government land sale (GLS) site to come under the new requirements is an Upper Serangoon Road plot. Two other GLS sites - at Yishun Avenue 4 and Jurong West Street 41 - are also selected for prefabricated pre-finished volumetric construction (PPVC), on top of meeting the new requirements.
The Building and Construction Authority (BCA) said it works closely with other agencies to select suitable GLS sites for PPVC, which involves assembling whole rooms or apartment units that are manufactured off-site. Selection factors would include the number of residential units for economies of scale, the surrounding road access and traffic volume, it said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co