Portfolio

3 critical 5 watch 1 cleared
Active projects
2
75 Jalan Riang · Somer House
Total development budget
$11.72M
75JR TDC $9.77M · Somer House $1.98M forecast
Schedule
On track
SPI 1.02 · slight delays absorbed
Cost
Watch
Somer House $19,176 under $2.0M cap
AI alerts
Somer House Fri 18 Sep
URA Issued Advice, Not Approval · Site Visit Fri 18 Sep
Action: client + MC walk 16 Sep to prep; close out rear roofline study before resubmitting.
Detail
URA responded to ES20260720R0153 on 18 Aug with an Advice requiring a meeting, held at URA Centre 7 Sep. URA declined to issue a formal NOM to guide the resubmission — queries by email only — and has asked for a site visit, now confirmed 18 Sep, 4.30–5.30pm. Resubmission is still pending, and 2nd-storey mezzanine joinery is on hold behind it. Action: client + MC walk 16 Sep to prep; close out rear roofline study before resubmitting.
75 Jalan Riang Today
Tile Order Must Be Confirmed Today to Hold Nov ETA
Action: sign off today with the 50% deposit ($12,500), or accept a later ETA.
Detail
RICE FIELDS V2 quotation (3 Sep) revises the tile quantities to $22,935.78 excl GST / $25,000 incl GST across 21 line items, and prices the indent items on confirmation by 10 Sep for an early-mid Nov shipment. Staircase tread special pieces need ~6 weeks production plus 10–12 weeks shipping on top. V2 is the confirmed price, superseding the ~$24,000 noted on 5 Sep. Action: sign off today with the 50% deposit ($12,500), or accept a later ETA.
75 Jalan Riang This week
ABSD Remission Pack Owed to Oaks Legal This Week
Action: Darren to send the four documents this week — IRAS deadline 15 Jun 2027, but the notification is the gating step.
Detail
Oaks Legal needs the architect's declaration of commencement date, the Grant of Written Permission (2 Dec 2025) and the BCA structural works permit (5 Mar 2026) plus demolition permit (15 Jan 2026) to notify IRAS that construction began within two years of option exercise. Action: Darren to send the four documents this week — IRAS deadline 15 Jun 2027, but the notification is the gating step.
Somer House Lapses 22 Sep
Granite Quote Cuts Cap Buffer to $19K · Lapses 22 Sep
Action: confirm by 22 Sep or re-quote; first check whether granite displaces area in the riceLAB $50,000 tile PC Sum, which would offset it.
Detail
FUTAR granite for the foyer, both powder rooms and L2 niches came in 8 Sep at $34,280 ($37,365 incl GST) with no allowance in the tracker, taking forecast to $1,980,824 — down from $52,910 under cap to $19,176 under. Quote is valid two weeks and vanity tops are excluded. Action: confirm by 22 Sep or re-quote; first check whether granite displaces area in the riceLAB $50,000 tile PC Sum, which would offset it.
Somer House
Classic 40% Deposit $43,362 Reissued & Payable COD
Action: settle the deposit to release fabrication; price the VO before approving.
Detail
Deposit invoice was rejected 8 Sep for billing the wrong entity and reissued as CAI2026-09-004R to MCQ Somerset Pte Ltd: $39,781.60 + GST, COD. Contract value is now firm at $99,454, $546 inside the PC Sum. The top-hung glass window VO quoted 21 Aug remains unapproved with shop drawings under DP review. Action: settle the deposit to release fabrication; price the VO before approving.
75 Jalan Riang Overdue since 7 Sep
PUB Blocks Mezzanine Drainage · Decision Overdue Since 7 Sep
Action: confirm the staircase remedy with AD Lab; agree encroachment mitigation.
Detail
PUB will not allow upper-floor rainwater to discharge into the basement tank. AD Lab's 4 Sep remedy shifts Staircase 5 inwards, puts a door onto the pool deck and adds 50mm kerbs; the call was due Mon 7 Sep and no confirmation has been issued. The 77 Jalan Riang party wall also still encroaches 70mm beyond the 100mm allowed, corridor held at 1000mm. Action: confirm the staircase remedy with AD Lab; agree encroachment mitigation.
75 Jalan Riang
Aluminium Award Still Open · Forge vs Classic
Action: award glazing to protect the 10–12 week lead time.
Detail
Inplex forwarded a Forge Window quote for double-glazed Low-E doors and windows on 8 Sep as an alternative to Classic's ~$150K R2 — award pending. Action: award glazing to protect the 10–12 week lead time.
Somer House This week
Falcon Fabricating L2 Loft Off Drawings, Area Not Built
Action: dimensional check on site against Falcon's shop drawings before production continues.
Detail
Falcon's revised programme (V3, 2 Sep) works to the owner's target of installation complete by end Dec 2026, and the team is already fabricating L2 loft joinery from approved drawings for an area not yet constructed — site dimensions must match or the joinery is rework. Soil test only starts after the 18 Sep URA visit and runs about a week. Action: dimensional check on site against Falcon's shop drawings before production continues.
75 Jalan Riang
SCDF Fire Hydrant Waiver Approved
FSSD waiver granted under CORENET 2.0 ref A1678-00007-2025 (CA20260831-15135), fee paid 2 Sep.
Detail
FSSD waiver granted under CORENET 2.0 ref A1678-00007-2025 (CA20260831-15135), fee paid 2 Sep. The waiver was needed because both public hydrants sit too far from the site — that compliance blocker is now closed. Green Mark documentation remains in working draft.
Active projects
75 Jalan Riang
3-Storey Semi-Detached with Attic & Swimming Pool
On track
Programme
11%
Start 8 Sep 2025 · TOP 8 Apr 2027 · calculating…
Cost
$6.3M
Spent to date · TDC $9.77M
Return
23.3% EBITDA
GDV $11.63M · Net 13.0% · ABSD 15 Jun 2028 (28 mo buffer)
Dev: MCQ Land Arch: AD Lab Builder: INPLEX Civil: Fusion Civil M&E: ELEAD Associates
More
Land $5.98M · Hard $2.59M · Soft $470K · Fin $607K
Open project →
Somer House
A&A — 2 Shophouses · 137 & 139 Devonshire Road
Pre-construction
Programme
~10%
Start 23 Apr 2026 · Completion 1 Nov 2026
Cost
$1,776,443
of $2.0M cap · forecast $1,980,824 · $19,176 spare
Packages
43 / 51
8 lines open · $204,381
Dev: MCQ Land General Works: Petra Homes Builder ID Fit-Out: Falcon Interior Al & Glass: Classic ACMV: Gain City
More
Committed $1,776,443 · Forecast $1,980,824 · 88.8% of cap committed · $204,381 still to place against $223,557 headroom · $19,176 under. Petra + Falcon awarded · ACMV to Gain City · 8 lines still open ($204,381)
Open project →