Axis Capital Group Singapore: Axis Capital Group Supports Singapore's Construction Prod... - 1 views
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willh00p3r on 13 Feb 15Singapore City, Singapore - Axis Capital Group, a construction company based in Singapore, supports public sector projects which are reported to sustain construction demand for the rest of the months of 2015. Environmental and public sectors are expected to reach between $29 million to $36 million in 2015, given a sustained pipeline in public sector projects. According to the Building and Construction Authority in Singapore, this year, public sector projects are expected to account for an estimated 60% or $18 billion to $21 billion of the total construction demand as reported by Building and Construction Authority (BCA) in Singapore, the country's regulation board for industrialization and construction. It has also been recorded that BCA has included requirements on the use of labor-efficient construction methods and building designs. From the last quarter of 2014, buildings are required to meet the following criteria: 1. Meet higher minimum Buildable Design and Constructability standards. 2. Use prefabricated and standardized components. 3. Adopt high-impact productive technologies for projects under the Government Land Sales (GLS) programme. These include the adoption of Prefabricated Bathroom Units (PBUs) in residential (non-landed) sites, including Executive Condominiums, and the residential (non-landed) component of mixed-use sites sold under the GLS programme. It is expected that many more business owners are planning to invest in construction of their companies this year. Singapore, along with its neighboring Asian countries like Jakarta, Indonesia, Kuala Lumpur, Malaysia and Bangkok, Thailand is paving their way towards modern civilization and industrialization. Construction companies like Axis Capital Group have continued to support and help promote these Asian countries towards global competition. These countries now pose as a threat to o
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