Boustead Projects

Boustead Projects JV to develop aerospace and high-tech park in Subang Aerotech Park
SINGAPORE (Mar 25): Boustead Projects is jointly developing an aerospace and high-tech park in the Subang Aerotech Park which will be leased to corporations in the aerospace industry when completed. BP Aerotech (Subang), Boustead Projects’ wholly-owned subsidiary in Malaysia, last Friday signed a joint venture agreement with Malaysia Airports (Subang) to incorporate a joint venture company ...
Boustead Projects unit awarded $70 mil contract for high-tech manufacturing facility
SINGAPORE (Feb 19): Boustead Projects, the specialist in real estate solutions, says its wholly-owned design-and-build subsidiary, Boustead Projects E&C, has won a contract worth over $70 million. Under the contract, Boustead Projects E&C will design and build an integrated advanced high-tech manufacturing facility in Singapore. With a gross floor area of 36,300 sqm, the facility is ...
Boustead Projects posts 15% drop in 3Q earnings to $6.8 mil despite revenue surge
SINGAPORE (Feb 12): Real estate solutions specialist Boustead Projects saw its earnings fall 15% to $6.8 million for the 3Q19 ended December, from $8.0 million a year ago. 3Q19 revenue jumped 70% to $81.3 million, from $47.9 million a year ago, on the back of higher design-and-build revenue. Design-and-build revenue for 3Q19 was 85% higher at $73.8 million, with the healthy order book ...
Shares of Boustead Singapore, Boustead Projects up on $200 mil contract win
SINGAPORE (Jan 21): Shares of Boustead Singapore and Boustead Projects rose on Monday morning. This follows Boustead Singapore’s Friday night announced that Boustead Projects, its 53% owned subsidiary, had won a contract worth over $200 million to design and build Surbana Jurong Campus. As at 10.49am, Boustead Singapore shares are up 1.9% to 80.5 cents with 419,000 units of traded while ...
Boustead Projects reports 19% fall in FY18 earnings to $29.2 mil on absence of one-offs
SINGAPORE (May 18): Boustead Projects reported a 19% fall in FY18 earnings to $29.2 million which came on the back of a 12% fall in revenue to $201.3 million. For 4Q18, Boustead Projects registered quarterly revenue that was 50% higher year-on-year at $57.6 million, due to higher revenue contributions from the design-and-build business. Design-and-build revenue was 64% higher year-on-year ...
Boustead Projects launches Alice, its first business park development at one-north
SINGAPORE (Mar 22): Boustead Projects has launched its first business park development, a multi-tenanted building dubbed "Alice". Located at the junction of one-north Avenue and Media Link, across the one-north Park from the nearby Mediacorp Campus, Alice will comprise 11 floors with two basement carparks and spans 39,487 sqm in gross floor area (GFA). Alice is designed to foster a ...
Boustead Projects posts 5% drop in 3Q earnings to $8.01 mil
SINGAPORE (Feb 12): Boustead Projects announced 3Q18 earnings dropped 5% to $8.01 million, compared to $8.48 million in 3Q17. This was mainly due to higher overhead expenses (selling and distribution expenses, and administrative expenses), partially offset by higher gross profit achieved through productivity improvements and the unlocking of project cost savings. Revenue declined by 28% to ...
Boustead Projects to sublease land in Vietnam for development of industrial properties
SINGAPORE (Dec 22): Boustead Projects Land (Vietnam) Co. (BPLV), a wholly-owned subsidiary of real-estate solutions specialist Boustead Projects, has entered into an agreement to sublease land for the development of industrial leasehold properties in Vietnam. Under the contract, BPLV will sublease land from Thao Dien Real Estate Corporation at Nhon Trach 2 – Nhon Phu Industrial Park, just ...
Boustead wins design-and-build contract for Bolloré Logistics facility
SINGAPORE (Dec 1): Boustead Projects' wholly-owned subsidiary, Boustead Projects E&C has won a contract for the design-and-build of a ramp-up Bolloré Logistics Singapore logistics facility. Located near Bolloré Logistics’ existing Green Hub, the facility is scheduled to be completed in 2019. Including this contract, the group’s order book backlog stands at $300 million. Thomas ...
Boustead Projects bags 2 contracts worth $67 mil
SINGAPORE (Nov 27): Boustead Projects announced on Monday that two of its wholly-owned subsidiaries have won two separate contracts worth a total of $67 million. The first contract was awarded to Boustead Projects E&C by a repeat client for the design-and-build of a logistics facility in Singapore. The project is expected to be completed in CY2019. The second contract was awarded to ...