Property & Construction Business Group Update - Q3 2016

Read about the recent activity within the Property and Construction group and their take on the recent referendum in their 2016 Q3 update.

Chairperson: Marcus Eckersley, Cundall


Recent activity within the Property and Construction group has seen Mike Warren laying the foundations for a number of events in the coming months. With the recent referendum in the UK and the proposed exit from the EU, of course one of the topics of our up and coming events is bound to contain that very subject matter and how it may affect our built environment sector here in Singapore. It’s very difficult to predict what will be happening in the future and there’s a lot of conjecture around the subject matter regarding the UK’s exit from the EU.  At this juncture we all have time to consider what may or may not happen to our sector and some will become jaded with the current affairs surrounding the matter. Many UK businesses have seen moratoriums on recruitment and also pay rise restrictions whilst the initial decisions are made in connection with the exit.


Looking at the UK’s EU exit from a Singapore standpoint, we should be looking at the exit as an opportunity. It could be said that Singapore is reasonably well insulated from the EU exit and in many respects we are. Our group will be looking at the positive opportunities to come and we hope to focus on this at one of our up and coming events.


Here in Singapore news that a 21.5km-long North-South Corridor, originally slated as a vehicular expressway, is to be Singapore's first integrated transport corridor, featuring dedicated bus lanes as well as cycling and pedestrian paths. The North-South Corridor is expected to be completed in 2026. Two major underpasses in the Novena area will be demolished to make way for the construction work on the upcoming North-South Corridor, which is expected to begin in 2017. Potential construction and engineering challenges will require sophisticated construction methods to ensure that existing adjacent infrastructures are not affected in particular in and around the major towns along the route.


The Property and Construction Group is growing in members and we recently welcomed Marius Toime from Berwin Leighton Paisner and Bill Jones from RICS. Both Marius and Bill are assisting Mike Warren in setting up events for the autumn. One of our planned events will revolve around RICS critically acclaimed Futures Report. The report identifies the drivers and trends that will see the built environment sector undergo unprecedented change up to 2030.  We are proposing to have a panel and it will be interesting to see how the topic develops, especially when merged with a few questions regarding the UK’s exit from the EU.


We would like to encourage attendance to our Property and Construction Group events and for everyone to know that event are open to all other groups. There’s always some interesting overlaps between the sectors so please do take the opportunity to come along, learn and network.