Posts

Singapore Remains Most Attractive Country for Infrastructure Investment

Reading Time: 3 minutes

singapore-431421_960_720Singapore, with its stable political situation, secure business environment and strong growth potential, remains the most attractive market for infrastructure investors, according to Arcadis, a global design and consultancy firm.

Singapore has retained its position as the world’s most attractive market for the third edition of the Global Infrastructure Investment Index. The report highlights the most dynamic and attractive markets for infrastructure investment worldwide.

Singapore ranked consistently highly across business, risk, infrastructure and financial indicators, and despite a slightly lower score for economic factors, it maintains a strong overall economic environment. Whilst most projects have traditionally been publicly funded, Singapore is seeking to develop involvement from private institutional investors. Work is underway in the city-state to improve understanding of infrastructure as an asset class to make it more attractive to investors, part of which includes the development of new benchmarking tools.

Currently, Singapore invests around 5 percent of its GDP on infrastructure, equivalent to US$20 billion in 2015, and this continues to rise. By 2020, Singapore aims to invest 6 percent of GDP, the equivalent of US$30 billion, which makes the market even more attractive for investment. Priority schemes are planned in healthcare and transport, including the expansion of Changi Airport through the construction of a fifth terminal. Previous expansion of the airport, which involved construction of Terminal 4, saw Arcadis acting as lead surveyor.

Elsewhere in Asia, Malaysia rose in the ranking to fifth place. Its strong economic performance and continued long-term investment in infrastructure, such as the capital’s metro system, have made the market attractive for investment. However, in the short term, investment is threatened by a number of risks, including its currency depreciation against the dollar and a high-profile corruption scandal that has delayed some projects.

In terms of economic score, China ranks first among the 41 countries analysed, yet its less attractive business conditions and higher risk environment keep it ranked at number 17 in the index.

The top ten most attractive countries for long-term infrastructure investment in 2016 are:

Screen Shot 2016-06-14 at 10.55.38 pm

 

 

 

 

 

The rankings for Asia Pacific countries are:

Screen Shot 2016-06-14 at 10.57.04 pm

 

 

 

 

Graham Kean, Head of Client Development at Arcadis Asia, said: “The index gives us valuable insights into how long-term political and economic stability leads to greater investment, so it is no surprise that Singapore remains at the top of the table. In the region as a whole, there is clearly a lot of social and public need for new infrastructure. There are a whole host of project ideas and plans out there, but they are not investible or bankable enough, which is the basic problem. The key to unlocking investments in the region hinges on making the projects bankable, an area which we have been supporting.”

Kean added, “We have already seen Asia-based investors taking positions globally as infrastructure becomes an increasingly popular asset class for private sector investors, particularly in times of increased risk and uncertainty. Income streams are relatively more stable and will be around for 30 years or more, the sort of timeframe some investors are increasingly drawn to. Short-term impacts can also create investment opportunities, such as a change of government or currency devaluation and these need to be weighed with the underpinning long-term situation.”

Liberty Place achieves more than 20 percent energy savings with solutions from Johnson Controls

Reading Time: 2 minutes
Liberty Place is a new premium grade office complex in the heart of Sydney’s central business district

Liberty Place is a new premium grade office complex in the heart of Sydney’s central business district

Liberty Place is a new premium grade office complex in the heart of Sydney’s central business district by leading developer Grocon. Spanning five separate sites, including Legion House, a heritage building dating back to 1902, Liberty Place has a total of 58,316 square meters of office space and 2,800 square meters of retail space.

In recognition of the complex’s sustainable design and enhanced operational efficiency, it was conferred the 6- Star Green Star Rating by the Green Building Council of Australia and 5.0 Star NABERS (National Australian Built Environment Rating System) by the Office of Environment and Heritage.

Johnson Controls’ integrated building solution, comprising a fully automated tri-generation system, enabled Liberty Place to achieve energy savings of 20 percent, moving it closer to its zero carbon emissions goal.

At the heart of the solution by Johnson Controls lies a fully automated tri-generation plant that is integrated into the daily operations of the building. The system allows for the simultaneous generation of electricity and useful heat and cooling in a single process. The comprehensive solution from Johnson Controls includes:

 

 

  • Energy-efficient YORK® YK centrifugal chillers and YORK YIA absorption chillers optimally configured in the chilled water system
  • Re-engineering of existing plant room to reduce footprint by a third
  • Re-engineering of pumping systems to reduce chiller pump power
  • Sabroe® SABlight air-cooled chiller to provide option of generating power via synthetic gas produced by gasifier or natural gas
  • Central Plant Optimisation 10 (CPO10) software powered by Metasys® to optimise the performance of the chiller plant
  • Metasys Energy Dashboard software to track savings from each perimeter and provide a holistic analysis of the building’s energy efficiency

“We have achieved a major milestone at Liberty place by managing a fully automated tri-generation system that is truly integrated into daily building operations. The fact that the entire system is running smoothly demonstrates the value of the integrated solution from Johnson Controls,” said Dru Spork, Grocon’s Sustainability and Services Manager.

To learn more, please visit http://bit.ly/libertyplace.

Montazure Phuket Launches at Singapore Yacht Show 2016

Reading Time: 3 minutes
MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia.

MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia.

MontAzure, an exclusive mixed-use community project in Kamala, Phuket, was launched at the Singapore Yacht Show 2016, unveiling an elite project occupying one of the last truly sizable plots of land on the island that stretches from the mountainside to an extensive beachfront site.

MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia – ARCH Capital Management (Hong Kong & Shanghai), The Narai Group (Thailand), and Philean Capital (Singapore) part of Pontiac Land Group – which have teamed up to launch Asia’s most exceptional resort residential development.

The development, which covers 73 hectares (180 acres, 454 rai) and is valued at over S$500 million (THB15 billion), includes Twinpalms, one of Thailand’s most celebrated independent luxury resort brands, and the InterContinental Hotel Group (IHG) who will open the InterContinental Phuket Resort in 2019.

The first phase is the Twinpalms Residences MontAzure that occupies 100 metres of absolute beach frontage. It will be operated and managed by Twinpalms when it is completed offering one and two-bedroom units with penthouses having access to a private roof top and pool with prices ranging from SGD400,000 to SGD3.6 million.

Twinpalms Residences MontAzure consists of 75 upscale branded beachfront condominiums designed by Martin Palleros of Tierra Design which will be completed in 2018. Pre-sales have been brisk with over 37% of the units sold supported by the recent opening of the Sales Gallery and Show Suite.

Twinpalms Residences MontAzure consists of 75 upscale branded beachfront condominiums.

Twinpalms Residences MontAzure consists of 75 upscale branded beachfront condominiums.

Investors are invited to join in the management pool and benefits of a well-managed hospitality operation with attractive yields and owner usage up to 45 nights per year. Facilities include a residents’ lobby, beach front restaurant and bar, gym/yoga studio, pool bar, spa pavilions, library and lounge, outdoor event spaces and on-site management office.

Other key components of a project located in Phuket’s most upscale quarter, which boasts Andara and Amanpuri amongst its neighbours, includes 13 ultra-luxury private hillside estate villas called The Estates at MontAzure, with interiors designed by the legendary Jaya Ibrahim and architecture by Lek Bunnag. A future hillside development, an international beach club, a wellness centre, retail space and a 32 hectare (40 acres, 200 rai) nature reserve of primary rainforest completes the project.

MontAzure’s Managing Director, Roland Bleszynski, said: “We are very pleased to launch MontAzure at the Singapore Yacht Show. The participants here understand the quality of our partners and the reassurance that brings and appreciate that Phuket offers sophisticated marine support infrastructure and the most stunning cruising grounds in Asia.”

Prices range from SGD400,000 to SGD3.6 million.

Prices range from SGD400,000 to SGD3.6 million.

“Phuket has very strong fundamentals. The tourism industry will continue to boom, the infrastructure is well-planned with a new international aviation terminal opening in June and we have secured a prime beachfront site on Phuket’s sought after mid-west coast with superb potential for property and hospitality development.”

About The Twinpalms Residences MontAzure

Number of units:
75

Unit Types:
56 one-bedroom units, 19 two-bedroom units, with options for buyers to request three or four-bedroom units.

Ownership:
Foreign freehold available based on Thai Condominium Act

Prices:
S$400,000 to S$3.6 million

Site Area:
3.7 acres (15,000 sqm/161,000 sq.ft./9.38 rai)

Architect:
Tierra Design

Facilities:
Residents’ Lobby, Beach Signature Restaurant and Room Service, Pool Bar, Gym/Yoga Studio, Spa Pavilions, Library and Lounge, Outdoor event spaces, On-site Management office

Management:
To be operated Twinpalms Management

Developer:
MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia – ARCH Capital Management (Hong Kong & Shanghai), The Narai Group (Thailand), and Philean Capital (Singapore) part of Pontiac Land Group – which have teamed up to launch Asia’s most exceptional resort residential development.

Artyzen Hotels & Resorts To Make Debut In Shanghai

Reading Time: 2 minutes
Artyzen Hotels & Resorts and Artyzen Habitat, Shanghai Lingang New City, 2021.

Artyzen Hotels & Resorts and Artyzen Habitat, Shanghai Lingang New City, 2021.

Shun Tak Holdings Limited subsidiary, Artyzen Hospitality Group (AHG), recently announced its third and fourth hotel signing in Shanghai within six months. Following the September 2015 signing of Artyzen Habitat and citizenM Hotels at the Hongqiao Shanghai MIXC development, AHG now confirms the debut of Artyzen Hotels & Resorts and a second Artyzen Habitat that will be co-located at the Shanghai Lingang New City.

The management agreement for the two new hotels was signed with Shanghai Lujiazui Xinchen Investment Co. Ltd, one of Shanghai’s key enterprise groups, which will oversee their 2021 completion. Lingang New City is one of six main developments that play an important role in the expansion of Shanghai. The new Artyzen Hotel and Artyzen Habitat will be situated in a vibrant area of the city, facing the famous Dishui Lake and connected to the line 16 metro station.

The two hotels are to be part of a mixed-use development consisting of a standalone convention centre, ballroom for social events, retail, various food and beverage outlets and serviced apartments. The development will complement the overall eco-system of the location, targeting business, MICE, family leisure and extended stay market.

Surrounded by Government buildings, office blocks, commercial facilities and the Polar Ocean Park, it is just 30 minutes drive to Pudong International Airport and Shanghai Disney Resort. Robbert van der Maas, President of Artyzen Hospitality Group, said, “The signing of Artyzen Hotels & Resorts and Artyzen Habitat in Lingang New City is a milestone for the group – it marks the debut of our upscale brand, Artyzen Hotels and Resorts with a strong owner Lujiazui Xinchen Investment Co. Ltd.”

“The Lingang location is rich with undiscovered local culture and history. In the early days, it was a traditional fishing village and port for the salt trade. This intriguing heritage will be celebrated in our hotels and shared with our guests” says Mr. van der Mass. The two new hotels will bring the Group’s core philosophy of ‘Art’, ‘Culture’ and ‘Emotional Wisdom’ to life in unique and contemporary ways, to provide culturally rewarding guest experiences and celebrate the regions heritage as a traditional fishing village.

Artyzen Hotels and Resorts is a high-end lifestyle hotel concept where local or regional traditions relating to craftsmanship, cuisine and culture are reflected upon then reinvented to create a contemporary design aesthetic and sensibility that weaves its way throughout every aspect of the hotel. It is a platform where the hotel plays a role in sharing and sustaining the local culture by immersing both guest and staff in a cultural discovery. The Lingang New City site will have circa 300 units.

Artyzen Habitat is a community-inspired hotel concept that caters to a new generation of traveller. Fuelled in part by insights distilled from the Airbnb phenomenon, the development of the Artyzen Habitat brand has focused on delivering upscale accommodations in a home-like environment and a public area that is active, efficient and social spaces that form the perfect eco-system for dining, working, mingling and relaxing, while generating revenue and buzz at the same time. The Lingang New City site will have circa 350 units.

APCREC8 Takes Business to the Next Generation

Reading Time: < 1 minute
APCREC8 is organised by Inlever Insights.

APCREC8 is organised by Inlever Insights.

The 8th Asia Pacific Commercial Real Estate Cooperation Forum China (APCREC8) intends to step outside the box by dropping out of the traditional commercial property framework and cross-referencing successful “community economy” models.

Expect dialogue sessions and talks from leading manufacturers, designers and e-commerce operators that aim to shed light on how to attract and retain next-gen customers. Pop-up expert teams will also share ideas and discuss the industry’s concerns.

Over 400 commercial property developers, principals from leading architecture design groups, creative retailer founders, community app and advanced solution providers are expected to attend the event, which takes place at the Shanghai Marriott Hotel, Luwan, China, from May 24 to 25, 2016. The event is organised by Linver Insights.

For more information, click HERE.

 

Banyan Tree Group Expands Into Australia With $150-million Venture

Reading Time: 2 minutes
The view at dusk.

The view at dusk.

The Banyan Tree Group (BTG) recently announced plans for its first branded residences in Australia. The AUD150-million project and its 76 luxury freehold private residences will set a new precedent for the Brisbane property market.

Initial interest from buyers has been strong, thanks to the 2200-square-metre Kangaroo Point site’s views of the CBD, river and botanic gardens – in addition to its convenient location, proximity to amenities and the strong reputation of the Banyan Tree brand.

Taking its cues from the iconic location, the landmark building will feature a striking exterior, with three undulating wave structures. Each Banyan Tree Residence property is unique in its design, with the vision for Banyan Tree Residences Brisbane the result of a collaboration by the group’s in-house design team and Woods Bagot, an international design practice with offices in Australia.

Commenting on the development, Executive Chairman Ho Kwon Ping said, “The city was a natural choice given its 2.2 million residents and $135-billion-dollar economy. As the leader in the country’s infrastructure boom, there are strong growth projections for Brisbane as it continues to transform and evolve. Construction is slated to commence in the second half of 2016, with completion expected in late 2018. We are looking forward to bringing the Banyan Tree brand of international luxury lifestyle to our Brisbane development.”

Unit interiors at the new Residence.

Unit interiors at the new Residence.

Banyan Tree Residences Brisbane will include 76 freehold private residences over 10 levels: four penthouses (three with rooftop infinity pool and private garden terrace), 27 three-bedroom apartments and 45 two-bedroom apartments.

Owners will enjoy a secure lobby with 24-hour Banyan Tree concierge service, onsite Banyan Tree Spa and retail Gallery, premium dining venues and an exclusive rooftop garden with private function space, barbeque facilities, daybeds and an expansive infinity pool. The property will also feature additional private function spaces, gymnasium, and a secure underground car park. Residents will also enjoy proximity to some of the city’s best dining and cultural precincts, as well as schools, universities, hospitals and transportation.

Lobby View 160129

A view of the lobby.

Banyan Tree Residences Brisbane owners will receive access to the range of premium Banyan Tree services such as membership to the Banyan Tree Sanctuary Club, which entitles them to exclusive discounts and privileges through the group’s global network of resorts and spas and access to the Banyan Tree Private Collection, an exclusive destination club with a portfolio of villas in stunning locations like Tuscany and Provence.

Mining Industry Represented Through Architecture At New $20 Million Library

Reading Time: 4 minutes

The South Australia Drill Core Reference Library. Image by James Knowler.

The South Australia Drill Core Reference Library will hold 7.5 million metres of drill core samples collected over 130 years of exploration from across South Australia. The library has the capacity to display up to 2 kilometres of cores for inspection on a series of automated conveyor belts in the main viewing area.

Leading practice architectural design and engineering has combined to integrate function with striking form that honours the origins and visual characteristics of drill core. The building, which opened on February 17, also features conference rooms and a 3D viewing room, which uses virtual reality technology to give geologists a worms-eye view of geology and mineral deposits under the earth’s surface.

The library brings together samples previously stored at four separate drill core libraries spread across South Australia. The vast collection is midway through the shift into the massive storage warehouse at the rear of the building, featuring eight seemingly never-ending aisles that reach to the high ceiling. A hi-tech turret truck and forklift are used to fetch requested core samples to be brought to the main viewing area for inspection.

Architects Thomson Rossi were key partners in the South Australian Government to prepare a business case to look at the fundamental economics of such a project in 2011 and worked with multi-disciplinary engineering firm Aurecon before an advanced business case was commissioned in 2013. Funding for the project was approved in 2014 with construction starting in January 2015 and completed in December 2015.

The library is located in the Tonsley precinct. Image courtesy of James Knowler.

The library is located in the Tonsley precinct. Image by James Knowler.

The $19.8 million building is divided into three sections – administration, library and logistics – and has a total floor area of 7470 square metres. Thomson Rossi Director Simon Thomson said the firm was able to engage with the client from an early stage to establish the overarching design principals of vision, inspiration and iconography.

The library is located in the Tonsley precinct, the site of a former Mitsubishi car manufacturing plant, which has been converted into a modern hub for high-value industries.

Thomson said the “long and skinny” site at Tonsley was ideal because it had access to high-speed Internet, was part of a hub focused on innovation and would provide a catalyst for other mining related companies to set up in the precinct.

“It ticked a lot of boxes – it’s easy to access from the airport and there’s a lot happening on the site to make it an interesting place to be,” he said. “The vision of what this building actually should be was that it should be a beacon, it should be experiential and it should represent world’s best practice.”

He continued, “The previous (South Australian) drill core library had been rated the second best facility of its type in the world so we wanted to build on that and make the new one the best,” he said. “So as a beacon we saw it as a signpost for South Australian mining ambition and a chance to establish an exciting and iconic brand for mining in South Australia.”

The building is divided into three sections – administration, library and logistics. Image by James Knowler.

The building is divided into three sections – administration, library and logistics. Image by James Knowler.

Exploration companies in South Australia are required by legislation to provide the Department of State Development with samples of any core and cuttings taken during tenure. Core and cuttings are stored in the Drill Core Reference Library.

Thomson said the experience the firm wanted to create was of a world-class facility ensuring a positive impression for visitors. The other part of the experience was that it needed to be able to be used as an educational tool for university and school students. The building had to reflect the best practice in core libraries and embrace new technology and research in a collaborative environment.

Images on the themes of mining, outback, geology and the imagery of the drill cores themselves were used to provide inspiration for the design and look of the building. The front section of the building is clad in COR-TEN steel sheets that have a rusted iron look.

“In an abstract way we are trying to reflect the geology that this building is all about. Using the COR-TEN steel sheeting, which basically just rusts, it’s all about creating a building that is very raw as the raw materials of mining are but also from a pragmatic sense it’s recognizing that governments don’t have a lot of money to spend on maintenance so it’s a wonderful material that you never have to maintain and it continues to change as the building ages.”

The library brings together samples previously stored at four separate drill core libraries spread across South Australia. Image by James Knowler.

The library brings together samples previously stored at four separate drill core libraries. Image by James Knowler.

Thomson said the “dramatic” front end was designed to evoke images of mining sites. “There are some quite raw elements inside as well. We’ve used things like the polished concrete where you can see the aggregate, the carpet in certain sections is like looking at an aerial map of outback South Australia. We’ve got exposed ducting and perforated steel sheet that’s bolted together that forms the staircases so it’s that kind of a rough industrial look you might find on a mining site. At the same time we’ve made it a very convivial environment,” said Thomas.

The building also has several meeting and conference rooms of varying sizes, a kitchen area, laboratory and a lobby area to welcome visitors upon entry.

New forward-thinking theme takes centre stage at 2016 Guangzhou International Lighting Exhibition

Reading Time: 3 minutes
Highlights from the 2015 Guangzhou International Lighting Exhibition. Image courtesy of GILE.

Highlights from the 2015 Guangzhou International Lighting Exhibition. Image courtesy of GILE.

Set to take place from June 9 to 12, 2016, the 21st edition of the Guangzhou International Lighting Exhibition – Asia’s most influential and comprehensive lighting and LED event – will be held at the China Import and Export Fair Complex in Guangzhou, China.

This year, participants can expect a forward-thinking theme: Titled as “THINKLIGHT: A new dimension”, the theme will be at the heart of the exhibition, and promotes out-of-the-box thinking to manage shifting market dynamics.

Referencing the 2016 show’s theme, Ms Lucia Wong, Deputy General Manager of Messe Frankfurt (Shanghai) Ltd, expressed, “In the Internet Plus era, the lighting industry is evolving with opportunities abound. Smart lighting has become a vital element in IoT-enabled homes as lighting plays a larger role in appliances, heating systems and metering. Such advancements in lighting technologies not only serve to enhance functionality and efficiency, but also to enable diversified applications to optimise living comfort. The fair continues to be a trusted platform for showcasing innovative technologies and encouraging industry players to think unconventionally from technical, market and design perspectives.”

 

Expect innovative lighting-related equipment, components, technologies and applications under one roof
The event’s extensive product category coverage is unrivalled in terms of depth and breadth. As an integrated platform, the one-stop solutions exhibition facilitates sourcing by not only fostering business collaboration between exhibitors, but also by consolidating lighting-related equipment, components, technologies and applications into one location for buyers.

Highlights from the 2015 Guangzhou International Lighting Exhibition. Image courtesy of GILE.

Highlights from the 2015 Guangzhou International Lighting Exhibition. Image courtesy of GILE.

Influenced by the Industry 4.0 revolution, industrial lighting and LED plants are adopting increasingly automated manufacturing production processes. As such, more intelligent machinery is in demand. Related solutions to be displayed at the fair include:

Equipment & Component

  • Simulation, inspection, measurement, testing and evaluation equipment
  • Lighting accessories and electronic components
  • Components for LED packages (Wafers, phosphor, sealing materials, substrates)

The fair also aims to help industry players in the LED arena remain competitive in a challenging general lighting market. To do so, they must improve efficacy, reduce costs and increase colour consistency. Related exhibits this year include:

LED Technology

  • LED chips
  • LED packaging
  • Power supply and ICs (LED drivers, driver ICs, converters)
  • LED modules and light engines
Highlights from the 2015 Guangzhou International Lighting Exhibition. Image courtesy of GILE.

Highlights from the 2015 Guangzhou International Lighting Exhibition. Image courtesy of GILE.

Furthermore, various lighting solution exhibits will focus on the trending market topics of sustainability, quality of lights and smart controls. Related solutions to be showcased include:

Lighting Application

  • Residential lighting
  • Commercial lighting (Retail, office, hospitality, industrial)
  • Architectural, urban and transport lighting
  • Electric lights

Click HERE for visitor registration and exhibition information.

Australia, UK and Japan are Top of Mind for Property Investors

Reading Time: 3 minutes
When asked where they would consider investing in property abroad, Australia was top of the list with 32 percent.

When asked where they would consider investing in property abroad, Australia was top of the list with 32 percent. Image courtesy of IP Global.

Australia, UK and Japan are the top three destinations for Singaporeans looking to invest in property overseas, according to a survey commissioned by IP Global, a leading full-service property investment company.

When asked where they would consider investing in property abroad, Australia was top of the list with 32 percent*. The UK with 16 percent and Japan with 13 percent are the second and third most popular choices respectively. Singapore was one of the five countries where the survey was conducted, as part of IP Global’s research to identify investment trends in real estate across key markets. Hong Kong, the United Kingdom,

United Arab Emirates and South Africa were the other four countries. The results across the five markets highlighted the following trends:

  • Australia is amongst the top three investment markets for real estate in all five countries.
  • Japan is in the top three choices for investors in both Singapore and Hong Kong.
  • The US is among the top investment destinations for respondents outside of Asia.

“Real estate has traditionally been the favoured investment choice among Singaporeans making them well-versed with spotting trends and opportunities in the sector. The rising value of the Singaporean currency, which has strengthened against the Australian Dollar, British Pound and the Japanese Yen over the past 12 months, has opened up new opportunities for Singaporean investors in these countries,” said Alex Bellingham, Director of IP Global.

“Property prices in these countries have also been rising, making them an attractive destination for investors looking at medium to long-term capital gains,” he adds.

The Singaporean dollar has strengthened almost 30 percent against the Australian Dollar and more than 14% against the Japanese Yen since the start of 2013. It has also started rising steadily against the British Pound, gaining 8% in just the past five months. The strength of the Singaporean Dollar, which makes overseas investment more affordable, has been a key factor behind investors looking at overseas assets.

In Australia, Melbourne and Canberra record highest annual house price growth since 2009, in the last quarter of 2015. In the UK, the average house price rose 7.7 percent over the year to November 2015, with prices in London up by 9.8 percent, according to the Office of National Statistics.

In Japan, prices of condominiums have risen by more 20 percent since 2013, according to data published by Japan Macro Advisors. Political stability, strong rule of law and ease of access are among the other key factors that have made these countries a preferred destination for Singaporean investors.

“All of the top three destinations have a developed real estate market and well-defined rules and regulations governing the sector. This adds to their attractiveness for Singaporean investors who are wary of investing in countries where they lack understanding of local regulations in the sector,” he adds.

This was backed by the finding of the survey, with 54 percent of respondents stating that a lack of understanding of the laws in the country where the property is located would put them off investing in it.

 

*All figures, unless otherwise stated, are from YouGov Plc. The total sample size was 6,160 adults, of whom 1,041 were in Singapore. Fieldwork was undertaken between 12th and 20th January 2016. The survey was carried out online. The figures have been weighted and are representative of all adults (aged 18+) in each country.

Bentley’s EADOC capital project management offering set to help Carollo Engineers reduce construction management costs

Reading Time: 2 minutes

Carollo Engineers and Bentley Systems have announced that Carollo has chosen Bentley’s EADOC cloud-based construction management software as its corporate standard for capital project management. Carollo Engineers will standardise on EADOC across its construction services teams, bringing cost savings to all of its projects and eliminating the inefficiencies of managing multiple legacy systems.

 

EADOC helps you manage design and construction documents. Image courtesy of Bentley.

EADOC helps you manage design and construction documents. Image courtesy of Bentley.

As a long-standing user of EADOC, Carollo Engineers has firsthand knowledge of the solution’s ability to help manage risks, track construction documents and communications, and control costs for construction managers at engineering/construction management firms or infrastructure owner organisations.

 

By standardising its construction management process on EADOC, Carollo will further improve the management of its construction teams using an automated workflow and also improve control of project finances, including budget, funding sources, contracts, and change orders. In addition, the ability to effectively and consistently manage its contractual deliverables with a detailed electronic construction record and audit trail will provide Carollo with the accountability it needs to resolve disputes quickly and streamline project and program execution.

EADOC is being supplied to Carollo through a corporate-wide subscription that is available for all projects, users, data storage, and technical support. As a result, Carollo Engineers’ project teams no longer need to procure individual subscriptions for their projects, which will reduce administrative costs and enable the company to standardise its construction services throughout the organisation.

Carollo Engineers Vice President Michael Warriner said, “Bentley’s EADOC gives us a competitive advantage by helping us deliver better projects with less risk and at a lower cost. Our new subscription will streamline EADOC’s availability among our teams and eliminate the administration cost of managing multiple, project-based subscriptions. Standardising our construction project management practice through EADOC will take the benefits we’ve seen on individual projects and extend them across our organisation.”

It's now easier to manage contracts and mitigate project risks. Image courtesy of Bentley.

It’s now easier to manage contracts and mitigate project risks. Image courtesy of Bentley.

Eric Law, Bentley Systems senior director, product management, and EADOC founder, said, “We thank Carollo Engineers, a leader in water engineering, for selecting our EADOC system as its preferred construction management solution. Carollo’s management team recognises the tremendous benefits that EADOC brings to its entire construction services practice, and we welcome the opportunity to help it realise the full potential of that advantage in its delivery of benchmark-setting, high-quality projects.”

For additional information about Bentley’s EADOC, visit www.bentley.com/EADOC