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Old November 26th, 2007, 06:04 AM   #61
TIB1224Y
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Now still waiting to see which is the company in charge to lift the excavators used for demolition up the building...
It might be just one of the usual bunch: AsiaGroup, Bok Seng, Hiap Tong, Tong Soon...
And their usual equipment: LTM1500-1, LTM1500-8.1, LTM1800 (not so common eh?!), TG3600M.
And the demolition ppl are the usual, Loh Brothers...
Nice combo...
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Old November 26th, 2007, 12:42 PM   #62
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Quote:
Originally Posted by TIB1224Y View Post
Now still waiting to see which is the company in charge to lift the excavators used for demolition up the building...
It might be just one of the usual bunch: AsiaGroup, Bok Seng, Hiap Tong, Tong Soon...
And their usual equipment: LTM1500-1, LTM1500-8.1, LTM1800 (not so common eh?!), TG3600M.
And the demolition ppl are the usual, Loh Brothers...
Nice combo...
Ww. You're like ScaniaLuver which is also VERY knowlegeable about cranes
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Old November 26th, 2007, 05:29 PM   #63
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Ww. You're like ScaniaLuver which is also VERY knowlegeable about cranes
LOL .

Bi ci Bi ci .
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Old November 27th, 2007, 07:05 AM   #64
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Quote:
Originally Posted by ScaniaLuver View Post
LOL .

Bi ci Bi ci .


I don't know much about cranes
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Old December 3rd, 2007, 04:19 PM   #65
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Finally someone came up with the job!
On 30th November night AsiaGroup's LTM1500 with luffing jib (possibly around 50 plus metres) lifted the excavators up Specialist Center, therefore starting the high rise demolition process.
Goodbye to Hotel Phoenix and Specialist Center!
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Old December 4th, 2007, 12:08 AM   #66
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Quote:
Originally Posted by TIB1224Y View Post
Finally someone came up with the job!
On 30th November night AsiaGroup's LTM1500 with luffing jib (possibly around 50 plus metres) lifted the excavators up Specialist Center, therefore starting the high rise demolition process.
Goodbye to Hotel Phoenix and Specialist Center!
woah.....the building can take the load of the excavator?
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Old December 4th, 2007, 04:14 AM   #67
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They should be able to... Normally such demolition excavators are lighter at around 10-15 tons, and would not post too high load on the floors...
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Old December 4th, 2007, 07:09 AM   #68
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Quote:
Originally Posted by TIB1224Y View Post
Finally someone came up with the job!
On 30th November night AsiaGroup's LTM1500 with luffing jib (possibly around 50 plus metres) lifted the excavators up Specialist Center, therefore starting the high rise demolition process.
Goodbye to Hotel Phoenix and Specialist Center!
Ok, bad news is, we have to depart with this relic that has stood with us on Orchard since 30 (?) plus years ago.

Good news is, as Raffles City said in the Pinnacle 16 thread, we can watch the new building rise from scratch.
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Old January 10th, 2008, 11:55 PM   #69
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Business Times - 11 Jan 2008

Phoenix site to rise again as hotel-retail complex

Straits Trading in talks to redevelop site; new complex to roll out in 2011

By UMA SHANKARI

(SINGAPORE) A new 580-room hotel and a retail complex with a net lettable area of about 150,800 square feet is slated to come up on the Specialists' Shopping Centre and Hotel Phoenix site in 2011.

OCBC Bank, which owns the land parcel, told BT yesterday that work on the site is likely to start in the second half of 2008 and will take about three years to complete.

The upcoming hotel will occupy about 60 per cent of the complex's gross floor area and the remaining 40 per cent will be taken up by retail shops. The complex will have about 262 parking lots, OCBC said. Right now, the complex has a gross floor area of about 539,000 sq ft.

OCBC was responding to queries from BT after Straits Trading Company said in a filing to the Singapore Exchange that it is in 'advanced negotiations' with the bank to be appointed to develop a hotel and retail complex at the Specialists' Shopping Centre and Hotel Phoenix site.

Under the deal, a wholly owned special-purpose vehicle (SPV) of Straits Trading will fund and build the complex based on a maximum development cost, which will be agreed on between Straits Trading and OCBC.

Once the complex is completed, Straits Trading will then sell the SPV to OCBC and at the same time lease the complex for a period of three years - with an option to renew for a further three years at an agreed fixed annual rent. The terms of the arrangement are currently being discussed and negotiated, Straits Trading said.

Structuring the deal this way minimises development risk for OCBC. 'As a bank, we believe that it is inappropriate for us to assume development risk,' said Koh Ching Ching, head of group corporate communications for OCBC Bank.

OCBC appears to be going ahead with its plans to develop its Specialists' Shopping Centre and Hotel Phoenix complex - rather than working with its insurance subsidiary Great Eastern Holdings, which owns shopping mall Orchard Emerald just across the road.

OCBC and Great Eastern seemed poised to redevelop the Specialists' Shopping Centre and Hotel Phoenix complex together with Orchard Emerald just a few months ago, judging by the two companies' submissions to the Urban Redevelopment Authority (URA).

Data released by URA last October showed that provisional permission for the development of the two properties was given in August 2007.

But yesterday, OCBC said: 'Orchard Emerald is held by the Great Eastern Group and we believe that Great Eastern is at a very preliminary stage with regard to this potential redevelopment.'

Straits Trading, one of Singapore's oldest companies, is now seeing a buyout offer from Tecity Group, an investment firm owned by several members of the family that have stakes in OCBC.

Tecity offered on Sunday to buy all Straits Trading shares it did not already own for $5.70 a share - valuing the company at some $1.86 billion.

OCBC, which has direct and indirect interests totalling 26 per cent of the shares in Straits Trading, said on Monday that it has not decided whether to accept the buyout offer. About 20 per cent of the shares are held by Great Eastern.

Analysts said that OCBC's plan to launch a new hotel in place of the ageing Hotel Phoenix is timely as Singapore will continue to see a shortage of hotel rooms over the next few years due to increasing visitor numbers.

OCBC's shares shed 14 cents to close at $8.10 yesterday, while shares of Straits Trading rose one cent to close at a one-year high of $5.67.

Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.
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Old January 11th, 2008, 05:07 AM   #70
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Straits Trading, OCBC to name vehicle to oversee Orchard Rd project
By Loh Kim Chin, Channel NewsAsia | Posted: 10 January 2008 2339 hrs

SINGAPORE : The Straits Trading Company said it is in advanced talks with OCBC with regards to the redevelopment project at Specialists' Centre and Hotel Phoenix.

In a statement to the SGX on Thursday, Straits Trading said the two parties are working out arrangements for a Straits Trading special purpose vehicle to undertake the project.

On completion of the project, Straits Trading will sell the special purpose vehicle to OCBC. It will then lease the new hotel-cum-retail complex on the site from OCBC for three years with an option to renew for a further three years.

The statement followed the announcement from Straits Trading earlier this month that The Cairns plans to make a general offer for Straits Trading.

The Cairns is controlled by the family of the late Tan Chin Tuan. - CNA /ls
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Old January 11th, 2008, 05:12 AM   #71
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Orchard Emerald is going to be redeveloped too? Good to see that building go.
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Old January 12th, 2008, 03:18 PM   #72
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Hopefully, soon they will extend towards Singapore Post area converting the drains to what they did for Orchard Central..
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Old January 13th, 2008, 12:06 PM   #73
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Wonder, which hotel management group or company will be fitting into ex-hotel phoenix. A Sofitel luxury hotel or a TAJ would be placed nice into that area.
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Old January 13th, 2008, 12:18 PM   #74
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I'm sure top hotel brands will vie to manage that site ie. Starwood brands like W Hotel, Westin, Four Points etc. especially since it has Le Meridien, St Regis along that stretch already. It is 1 of the best strategic locations in the Orchard area.
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Old January 13th, 2008, 12:24 PM   #75
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There is a lack of hotel in that stretch of Orchard. Why does home grown brand like Banyan Tree resorts or Aman resort do not want to perch on the growing hotel industry here? Wonders me.
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Old January 13th, 2008, 12:52 PM   #76
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Maybe because they are more into resorts and spas in islands like Bahamas, Maldives, etc?
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Old January 13th, 2008, 06:34 PM   #77
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yeah tts true..they have a total diff scope of business, unless they wana diversify what they are doing nw..
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Old January 14th, 2008, 11:54 PM   #78
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But look at the Banyan Tree Hotel In Bangkok, right smack in the middle of the city in a VERY TALL TOWER
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Old January 25th, 2008, 04:47 PM   #79
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Quote:
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Hopefully, soon they will extend towards Singapore Post area converting the drains to what they did for Orchard Central..
Actually that area is now a nice pleasant and quite shady area with lots of trees. Would be a shame if it too had to go, as it offers a good escape from all the Orchard Rd crowd nearby.
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Old January 26th, 2008, 06:09 AM   #80
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25th January

The Phoenix returning to ashes




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