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DINGS (S) LTD
ANNUAL REPORT 2015
CEO’S BUSINESS
REVIEW
Likewise, BBR’s 35% venture in
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to reap sound returns with 98% of
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Condominium sold since its rousing
successful sales launch on 8
November 2014. Construction at
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70% completed and being scheduled
for TOP at the end of 2016, BBR is
tailored to recognise its 35% share of
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same time.
The 99-year leasehold HDB land site
at Yuan Ching/Tao Ching Road in
Jurong, Singapore was awarded by
The Housing & Development Board
on 2 August 2013. Lake Life boasts of
modern and lifestyle design elements
to be built on a land area of 217,304
square metres.
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60% residential and 40% commercial
development by Northern Resi Pte.
Ltd. (“Resi”) and Northern Retail Pte.
Ltd. (“Retail”), respectively, along
Yishun Avenue 4. The consortium
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Pte. Ltd., Santarli Venture Pte.
Ltd., MUSE Capital Pte. Ltd. and
AHPL (Investments) Pte. Ltd. in the
proportion 25.05%, 25.05%, 29.9%,
18% and 2% respectively.
The 99-year leasehold site has an
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and sell 216 units of condominium
units at The Wisteria and Retail, being
a company incorporated for long-
term property investment purposes,
will develop the commercial segment
named Wisteria Mall and be the
single strata owner upon completion.
G
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N TECHNOLOGY
Established in 2013, the new Green
Technology division incorporated
a wholly-owned subsidiary, BBR
Greentech Pte. Ltd. to carry out
system integration and distribution
of renewable energy. Revenue
contribution from this segment in
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supply, install and lease solar panels
and grid connected systems for
statutory boards and private sector
customers. Riding on the wave of
the potential growth for more green
buildings, the Group is steadily
implementing green technology as
part of its total solutions package for
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In FY2015, the Green Technology
segment
has
constructed
photovoltaic (“PV”) systems for
two customers. Firstly, it designed,
installed and will maintain a 490 kW
peak grid-tied PV system for GKE
Warehousing & Logistics Pte Ltd.
Upon commissioning, the 25-year
solar leasing contract commenced
and revenue is earned by BBR for
electricity generated by solar panels
on the rooftop of its warehouse.
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commissioned a glass-to-glass solar
canopy PV system at The People’s
Buddhism Study Society premise in
Geylang, Singapore.
BBR will be completing the design
and installation of a 6 MW peak
grid-tied solar PV system on the
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Kio Town Council (“AMKTC”) in the
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20-years power purchase agreement
with AMKTC whereby AMKTC is
to purchase and BBR is able to
earn revenue from the electricity
generated from the solar panels.
Towards the end of 2015, BBR
participated in a Floating PV test-
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is led by the Singapore Economic
Development Board and the Public
Utilities Board. Revenue from this
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FY2015.
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LUDING REMARKS
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both in breadth and depth its core
competencies.
Beyond the growth in business
revenue, the newly-acquired building
competencies in PPVC will put BBR
in good stead for future new tender
requirements and harness the
increase in construction productivity.
BBR will continue to contribute
and enhance our value to ensure
Strength, Stability and Sustainability
of the Group in Singapore and Asia.
T
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K
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eng Hwee Andrew
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