Mr Low Soon Sim, Executive Director of Soilbuild said, “We are very honoured to win this major project to develop a state-of-the-art building with sustainable green features and a landmark design for the community at one-north. The development will serve to meet the needs of new businesses especially in high-tech research and development with its more affordable operating costs, as well as businesses that will be using Singapore as a springboard for expansion into Asia. It will also complement the cluster of iconic developments at one-north being developed by JTC.”

Mr Low added, “With the strong take-up at one-north, we are confident that Fusionopolis Phase 2B will also attract strong interest. The award of this development ties in well with our overall strategy to grow our recurrent income stream through our business space segment. The shorter development cycle also complements the two to three years investment-to-sales cycle for our core residential property segment. With the full year contribution in 2008 from our current three completed investment properties, we are on course to meet our medium-term target of S$10 million in annual recurrent income since we began our expansion into the business space segment in 2005. In all, Soilbuild will have a current pipeline of about two million square feet of business space to meet the growing needs of specific business communities.”

 The CPT for Fusionopolis Phase 2B was launched by JTC in October 2007 and comes on the heels of the successful completion and sale/leasing of 100% of Soilbuild’s business space properties including Eightrium @ Changi Business Park, Kranji Linc, Senoko Food Connection and Pioneer Lot (see Annex 1). The award cements Soilbuild’s reputation in design efficiency, strengths in shortening development cycles, innovation and its track record as an integrated developer. Upon the completion and leasing of the development, the award will further propel Soilbuild’s plans to develop its recurrent income to support a progressive dividend policy.

 About Fusionopolis Phase 2B (See artist’s impressions in Annex 2)

Fusionopolis Phase 2B will be developed to serve the needs of global MNCs in the infocommunications business seeking a regional presence from Singapore, businesses involved in media creation and distribution, as well as the research and development sector in the commercialisation of science and engineering products for the infocommunications industry.

 The part 16-, part 7-storey facility, with two basements and a mezzanine, is conceived as a vibrant focal point for the one-north community through the introduction of a network of open interactive public and semi-public spaces, creative use of skylights and courtyards for natural light and ventilation, cascading landscaped garden terraces as an extension of the one-north park.

 It aims to inspire and meet the needs of its resident tenants in the creative industries with the provision of a wide range of intimate spaces with differing and flexible layouts. Through the spiraling terraces that envelope the development and provide soothing visual relief to the functional layouts of the business space and laboratories, it integrates with nature and the one-north community. The thoroughfare plaza is designed as spaces to encourage business and social interactivity. A unique solar shaft that cuts diagonally through the building brings in additional light and views from the ground floor to the green roof at the mid-level of the building.  

Soilbuild is aiming to achieve the Platinum Green Mark Standard for this green and energy efficient building through the following strategies:

• Continuous spiral landscaping
• Roof gardens to reduce solar heat gain
• Sun shading devices to reduce direct solar heat gain 
• Photovoltaic film to contribute supplementary power supply thereby reducing overall energy consumption
• Natural ventilation and day-lit grand atrium
• Green view corridor with central courtyards
• Rainwater harvesting and grey water recycling with low-water consumption devices
• Waste separation and re-cycling
• Low energy design and BAS systems.

 This new project will be funded by the Group’s internal resources, funds from the convertible bonds issue and bank/bond financing. The Group does not expect any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of Soilbuild for the current financial year ending  31 December 2008 arising from this award.

JTC Corporation (JTC) is the lead agency in Singapore to plan, promote and develop a dynamic industrial landscape, in support of the nation's economic advancement. Currently, the Corporation has under its management many developments including four wafer fab parks, an advanced display park, two business parks, a chemicals hub at Jurong Island, biomedical parks in Tuas as well as logistics hubs for aerospace, chemical and general warehousing industries.

JTC also plays a catalytic role in introducing leading-edge real estate solutions -- such as specialised research facilities and underground caverns -- to anchor important activities critical to the growth of the economy. It is the master developer for one-north at Buona Vista -- a 200-hectare development for research and entrepreneurial activities. With a focus on knowledge-intensive activities in the biomedical, infocomms and media industries, one-north is a niche environment for innovation and creativity. 

In line with its vision of making Singapore the choice investment location, JTC is committed to providing a pro-business environment for its customers and optimising land resources to meet the needs of industries and enterprises. JTC's home page address is http://www.jtc.gov.sg.

 About one-north

one-north is Singapore's icon of the knowledge economy. It serves to provide an intellectually stimulating and creative environment for entrepreneurs, scientists and researchers to congregate, interact and exchange ideas; an exceptional place where this thriving community will work, live, play and learn. With a focus on knowledge-intensive activities in the biomedical, infocomms and media industries, it is slated to be a vibrant hotspot for innovation and test bedding. 

Covering almost 200 hectares, one-north will be developed in phases over a period of 15 to 20 years, integrating residential units, commercial hubs, tertiary and research institutes, sports facilities as well as green lungs. It is strategically located in the Buona Vista area (southern part of Singapore) near the National University of Singapore and Singapore Science Park and aims to be a focal point for research and development and technopreneurial activities.  

one-north is developed through a multi-government agency effort under the guidance of the Steering Committee chaired by Minister Lim Swee Say. JTC Corporation was appointed master developer for this project in September 2000. one-north's home page address on the World Wide Web is http://www.one-north.com 

About Soilbuild Group Holdings Ltd

Soilbuild is an integrated property developer with an established track record of more than 30 years, whose portfolio includes residential and business space properties. 

Led by an experienced management team that blends a strong entrepreneurial spirit with extensive technical expertise, the Group has a unique business strategy. It enhances returns and manages risks by shortening its investment-to-sales cycle. By leveraging on its strengths in design and innovation, Soilbuild maximises yields on its properties.

The Group has successfully acquired and developed a range of residential properties, mainly in prime urban districts. Projects under development include Leonie Parc View and One Tree Hill Residence, and completed properties include Pinnacle 16.  

Since 2005, Soilbuild has developed a wide portfolio of properties purpose-built for business use by MNCs and SMEs. It has worked closely with JTC Corporation under the Developer Partnership Programme and leveraged on its expertise in ‘design, build and lease/sell’ schemes to become a leading player in the business space segment. Upcoming projects include Fusionopolis Phase 2B and Tuas Connection, and completed properties include Eightrium @ Changi Business Park and Kranji Linc. 

Since 1998, Soilbuild has won five Enterprise 50 Awards and five Singapore SME 500/1000 Awards. For more information, visit www.soilbuild.com. 

About Dr Ken Yeang of Lleweln Davies Yeang (UK)

(Sister company to T. R. Hamzah & Yeang Sdn. Bhd. (Malaysia)

Dato’ Dr Ken Yeang is the principal and Design Director of the UK firm of Llewellyn Davies Yeang, sister company to T.R. Hamzah & Yeang Sdn. Bhd. (Malaysia) a signature design firm recognised for its high-profile deep green architecture and masterplans.

Under the direction of Dr. Ken Yeang, the firms have a body of bioclimatic and environmental knowledge developed and acquired over the last 30 years that has led to pioneering advances in architectural design. The firm sustains an ongoing research programme on tall buildings design and on ecological design methods. Its expertise is acknowledged by a number of awards and citations for the National Library Singapore which received 5 local and international awards, the Menara Mesiniaga in Malaysia which received the 1998 RAIA International Award and the 1996 Aga Khan Award.

 Dr Yeang’s published works have led the field in ecological architectural theory, his latest being, Ecodesign: Manual for Ecological Design (John Wiley & Sons, 2006). Dr Yeang is the Immediate Past President of the Malaysian Institute of Architects, Past Chairman of ARCASIA (Architects Regional Council Asia) and served on the RIBA (Royal Institute of British Architects) Council from 1996 to 1997. He is a Fellow of the Singapore Institute of Architects and an Honorary Fellow of the American Institute of Architects. Dr Yeang is the Distinguished Plym Professor of Architecture at University of Illinois. 

 
Dr Yeang's architectural education was at the AA School in London; followed by a doctorate from Wolfson College at the University of Cambridge. His Phd dissertation on ecological design and planning has been the fundamental basis upon which his subsequent R&D and design work. He studied ecological land use planning at the Department of Landscape Architecture at the University of Pennsylvania, Philadelphia.

Annex 1

Soilbuild Group Holdings Ltd

Completed Business Space Properties (Developed Between 2005 and 2007)

Development		Description	Construction Period (months)	No. of Units	Nett Lettable/ Saleable Area (sq ft)
1.	Kranji Linc	Terrace factories for light industries	8 (Completed in January 2006)	12	222,000
2.	Senoko Food Connection 富合食品中心	Terrace factories for the food manufacturing industry	10 (Completed in October 2006)	15	218,000
3.	Pioneer Lot 先锋工业中心	Terrace factories for general industries	11 (Completed in May 2007)	33	365,700
4.	Eightrium @ Changi Business Park	Multi-tenanted 8-storey building for MNCs and financial institutions	16 (Completed in April 2007)	42	178,000
Total				102	983,700

 Business Space Properties under Development

Development		Description	Expected                  TOP Date	No. of Units	Nett Lettable Area (sq ft)
5.	Tuas Connection (Tuas Loop)	2-storey detached and semi-detached factories for the engineering, and supporting industries in the oil and gas, and marine clusters	2nd Half 2008	15	610,000
6.	Penjuru Logistics Hub (Penjuru Lane)	5-storey logistics and warehousing development	2nd Half 2008	1	410,000
7.	Tuas Lot (Pioneer Road/Tuas Avenue 11)	3-storey ramp-up  multiple-user industrial development for the oil and gas, light engineering sectors	1st Half 2010	122	330,000
8.	Fusionopolis Phase 2B (one-north)	16-storey multi-tenanted facility for the infocomms, media, science and engineering research and development industries	2nd Half 2009	To be confirm-ed	540,000
Total				138	1,890,000

Annex 2

 Artist’s Impressions of Fusionopolis Phase 2B

Soilbuild Group Holdings Ltd’s Fifth Award by JTC Corporation

Designed by Dr Ken Yeang

  Annex 3

Soilbuild Group Holdings Ltd

Current Residential Properties

Development		Description	Expected TOP Date	Total No. of Units Sold	Estimated Net Saleable Area (sq ft)
1.	One Tree Hill Residence (One Tree Hill Road, District 10)	17-storey residential development	1st Half 2008	48 out of 48	75,600
2.	Leonie Parc View (Leonie Hill Road, District 9)	29-storey residential development	2nd Half 2009	31 out of 44	101,700
3.	Montebleu (Minbu Road, District 11)	34-storey residential development	2nd Half 2009	151 out of 151	172,100
4.	The Centrio (Irrawaddy Road, District 12)	15-storey residential development	1st Half 2010	53 out of 53	58,300
5.	Espa (Cashew Road, District 23)	3 blocks of 5-storey residential development	2nd Half 2008	41 out of 41	51,500
Total				324 out of 337	459,200

 New Residential Sites Acquired in 2007

Development		Description	Expected                  TOP Date	No. of Units	Estimated Nett Gross Floor Area (sq ft)
6.	Koon Seng Road (District 15)	2-storey terrace conservation houses	1st Half 2010	9	23,200
7.	Margate Road (District 15)	High-rise residential development	1st Half 2011	50 to 70	108,700
8.	Balestier Road (District 12)	Residential and commercial development	1st Half 2011	70 to 90	118,400
Total				120 to 169	250,300