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Building & Construction Newsletter Building & Construction Newsletter Hong Kong | Issue 16, Q3 2013 www.bciasia.com BCI Asia Construction Information Ltd Units 707-709, 7/F, Tins Enterprises Centre 777 Lai Chi Kok Road, Cheung Sha Wan, Kowloon p +852 2538 0011 f +852 2875 0511 e [email protected] Copyright © BCI Asia All Rights Reserved in this edition of insight... REGIONAL UPDATE Market Trends 4 Asia’s Major Projects 6 Spotlight Interview MediaGo - 25 Years of Excellence 7 BCI Asia Awards 2013 8 LOCAL UPDATE National Projects 13 National Interviews Technogym 20 News & Events 21 Products & Technology 25 Product Showcase 30 National Project Outlook 31 FUTURARC UPDATE About FuturArc Industrial Edition Jul-Aug 2013 32 Cover Image: V Wan Chai2 Editorial Team Head of Insight Hong Kong Editorial Team, Ms Suki Ng Contributors, Ms Carmen Leung & Ms Goldie Chan Advertising, Ms Margaret Mo While every effort has been made to ensure that all information contained in this newsletter is accurate, the publisher will not accept any liability for omissions or errors. The publisher is not responsible for statements or opinions expressed by the writer nor do such statements necessarily represent the views of the publisher unless stated otherwise. BCI Asia disclaim any and all liability, which may be claimed arising out of reliance upon the information presented in this newsletter. All rights reserved. No part of this publication may be reproduced, stored in any retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without publisher’s prior written permission. REGIONAL UPDATE Market Trends The BCI Forecaster is a leading monthly indicator of construction market values Hong Kong entering the market. It serves as an indispensable short-term planning tool, designed to enable decision makers to set realistic goals and parameters for their sales and operations teams. Construction start values are based on projects reported on a daily basis in BCI Asia’s real-time project leads database. The short-term review of market developments contrasts the most recent three months against the three months prior; the short-term forecast compares the upcoming three months with the most recent three months’ period. The long- term review contrasts the most recent twelve months against the corresponding twelve months’ period in the prior year. The long-term forecast compares the twelve months’ period ending three months out with the corresponding period in the prior year. Building construction starts have entered a trough after the February-March high Following please find an overview for the subsequent countries: point, and are expected to decrease by a further 41% over the next 3 months. Residential projects have been hit hardest in terms of sheer difference in value, but • Hong Kong the education and industrial sectors are seeing particularly minimal activity. On a • Indonesia brighter note, the office sector is anticipating a jump to over HK$1 billion worth of projects starting on site in July, turning out high status developments like the CTI TV • Malaysia Centre in the Sai Kung District. • Philippines • Singapore Insight 4 Market Trends REGIONAL UPDATE Indonesia Philippines Building construction starts are forecasted to continue their steady upward climb, Building construction starts are expected to climb sharply over the next 3 months, turning out positive figures on all fronts save industrial. The residential and retail turning out more than PHP 35 billion worth of developments each month. The & hospitality sectors are still the cornerstones of the industry, but community is majority of the projects are centred around the residential sector, comprising anticipating an unusual spike heading into the next quarter with nearly IDR 2 trillion approximately 60% of the total, while the usually quiet education sector is building worth of developments due to commence in August. Some projects to keep an eye towards an impressive spike in August and a short-term 391% rise. Projects to look out for include the Grage @ TB Simatupang Office Tower in Jabotabek, and the out for include the B1 Newport Boulevard, spread across several locations, and the Puncak Dharmahusada Convention Hall in Surabaya. Net Park development in Taguig City. Market Trends Malaysia Singapore Building construction starts comprise almost 78% of the June’s overall peak, Building construction starts are expected to remain fairly steady, posting a growth contributing close to RM 18 billion worth of developments to the total. Residential of 17% over the forthcoming 3 months. Many of the almost SGD 6.7 billion worth of and retail & hospitality projects make up the bulk of that figure, turning out ventures projects slated to begin in June, July and August can be attributed to the residential like the Sagajunta: 1Likas Hypermall (Phase 1) & Four Points by Sheraton, but it’s and office sectors, which are turning out high value developments like the housing the office sector that is predicted to undergo the most dramatic growth with over at Pasir Ris Grove (D’Nest – Parcel 5) and the mixed development at Beach Road RM 10.5 billion of developments clustered in July. (DUO). In contrast, the retail & hospitality sector is continuing its decline, and areas typically reliant on government funding—such as community and education—are also struggling. Insight 5 Market Trends asia’s major projects project name: INVERNESS ROAD RESIDENTIAL DEVELOPMENT (NKIL 6493) location: Kowloon Tong, Kowloon City District, Kowloon description: Four 10-storey towers on top of a 2-storey basement and five 3-storey houses, on a 7,046-square-metre site, with a total floor space of 21,137 square metres. Works will include drainage system and main water supply reticulation. project name: LIPPO PLAZA PADANG location: Jalan Khatib Sulaiman, Padang, West Sumatera, Indonesia description: A 14-storey mixed use building and four levels of basement with a total floor space of about 94,000 square meters, on a site area of 9,800 square meters. Works will include, a four-storey shopping mall, a five-storey Aryaduta hotel (5-stars) containing 200 rooms, a three-storey school building and a seven-storey hospital. project name: 1NATIONAL HEALTH INSTITUTE COMPLEX (IPKB - KOMPLEX INSTITUT PENYELIDIKAN KESIHATAN BERSEPADU) location: Bandar Setia Alam, Shah Alam, Selangor, Malaysia description: Health and research complex development works at a 22.13-hectare site, to include: research centres and laboratories (major development), an administrative office, consultation rooms, conference rooms, staff quarters, a medical store, a cafeteria, washrooms and prayer halls. project name: ONE UPTOWN RESIDENCE location: 9th Avenue (beside Uptown Place Mall), North District, Fort Bonifacio Global City, Taguig City MM, Philippines description: A 43-storey residential tower with penthouse and four basement levels with a gross floor area of 190,869.31 square metres on a site area of 5,630.89 square metres, to include: retail spaces on basement 1 and ground floor, utility parking on basement, parking spaces on basement 2, 3 and 4, sky lounges, sky garden, swimming pools, multi-function rooms, fitness gym, al fresco lounge, lobby and condominium units. project name: OFFICE DEVELOPMENT AT ALEXANDRA TERRACE (MAPLETREE BUSINESS CITY II) location: 60 Alexandra Terrace, Singapore 118502, Singapore description: An office project to involve the redevelopment of the existing “The Comtech” into six-storey podium and 30-storey office tower a 43,727-square-metre site. project name: NEW OF UNIVERSITY OF THE THAI CHAMBER OF COMMERCE, NONTHABURI location: Tumbol Bangtanai, Amphur Pakkred, Nonthaburi, Thailand description: Development of New of University of The Thai Chamber of Commerce on an area of 67.04 hectares site. Located in Tumbol Bangtanai, Amphur Pakkred, Nonthaburi. Work will includes academic zone , residential zone, convention centre and sport complex with total parking of 4,208 car spaces. project name: OFFICE COMPLEX OF HANOI’S ORGANIZATIONS & ASSOCIATES - CAU GIAY DISTRICT location: Lot D27.A, Tran Thai Tong Street, Cau Giay District, Hanoi, Vietnam description: Development to include: 40-storey office building, office area for rent, commercial center, 3-storey basement for parking, elevators and related utilities. Insight 6 Major Project regional interview Media-Go - 25 Years of Excellence Media-Go is celebrating its 25th year. Headquartered in Hong Kong, the Media-Go Group of Companies is an audio- visual company established in 1988 to provide system integration and product distribution services to clients in the Asia Pacific region. Faced with a changing with changing environment and different challenges in the market over 25 years, Media- Go continues to provide tailor-made solutions to its client with an emphasis on “Customer comes first” so as to maintain their market position. In the field of technology engineering, the challenge is always to move ahead of time and keep abreast of the latest technologies. Under these challenges, the team’s emphasis is on providing total solutions: system design, project management, programming, installation, training, technical support, system upgrade and maintenance so as to fulfill the client requirements. Mr Kanny Leong, Executive Director of Media-Go, thanks the team for their powerful engineering, project management and excellent implementation in overcoming all the obstacles they have faced in the past 25 years. Under keen market competition, the next goal of Media-Go is to enhance its value to its clients, be it in technology, manpower or different projects types or customer categories. They will be updating their technical systems and solutions continuously, providing quality service and maintaining international standards for both local market and global market. Media-Go promotes communication and keeps in touch with different markets and end-users so as to fulfill their requirements. With a comprehensive knowledge of advanced audio-visual systems, a rich experience of working in the region and a long history of providing truly innovative solutions to a wide spectrum of industries including finance, government, education, hotel & resorts and retail.
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