1. Market Research
  2. > Construction Market Trends
  3. > Construction in Singapore - Key Trends and Opportunities to 2019

Synopsis
Singapore’s construction industry will continue to expand over the forecast period (2015–2019), supported by government investments in transport infrastructure.

While addressing the housing need for the middle class population and focusing on developing renewable energy sources, the government also aims to improve transport and tourism infrastructure through projects such as the MRT Masterplan–Cross Island Line, the MRT Masterplan–Downtown Line and the Tuas West Extension.

According to the Building and Construction Authority (BCA), the value of construction contracts awarded by the government for infrastructure development increased by 5.3%, going from SGD35.8 billion (US$28.6 billion) in 2013 to SGD37.7 billion (US$29.8 billion) in 2014.

In real terms, the industry’s output value rose at a compound annual growth rate (CAGR) of 6.39% during the review period (2010–2014). The pace of growth is anticipated to decelerate to 2.48% over the forecast period, however, due to weakening economic growth.

Summary
Timetric’s Construction in Singapore – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Singapore’s construction industry including:

- Singapore’s construction industry's growth prospects by market, project type and type of construction activity

- Analysis of equipment, material and service costs across each project type in Singapore

- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Singapore’s construction industry

- Profiles of the leading operators in Singapore’s construction industry.

- Data highlights of the largest construction projects in Singapore

Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides:

- Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Singapore using construction output and value-add methods

- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

- Analysis of key construction industry issues, including regulation, cost management, funding and pricing

- Detailed profiles of the leading construction companies in Singapore

Reasons To Buy
- Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies

- Assess market growth potential at a micro-level with over 600 time-series data forecasts

- Understand the latest industry and market trends

- Formulate and validate business strategies using Timetric's critical and actionable insight

- Assess business risks, including cost, regulatory and competitive pressures

- Evaluate competitive risk and success factors

Key Highlights
- According to the latest data from the BCA, the total value of construction contracts awarded grew by 8.2%, going from SGD35.8 billion (US$28.6 billion) in 2013 to SGD38.8 billion (US$30.6 billion) in 2014. Of the total value of construction contracts, SGD19.2 billion (US$15.2 billion) were issued to the public sector in 2014, while SGD19.5 billion (US$15.4 billion) were issued to the private sector. The total value of contracts awarded for industrial construction grew by 20.7%, going from SGD5.5 billion (US$4.4 billion) in 2013 to SGD6.6 billion (US$5.2 billion) in 2014.

- To improve transport connectivity and develop the public transport system, in the first half of 2015, the government announced its plans to spend SGD26.0 billion (US$20.5 billion) on transport infrastructure by 2020. Accordingly, Changi Airport’s Terminal 5, Jewel Changi Airport and Tuas seaport and other transport infrastructures are expected to be built by 2020.

- Singapore’s construction industry will be supported by liquefied natural gas (LNG) terminal expansion projects. In 2014, the Singapore LNG Corporation Pte Ltd (SLNG) awarded an engineering, procurement and construction (EPC) contract to Samsung C&T Corporation (Samsung) for the Phase-3 expansion plan of the Singapore LNG terminal.

- According to the Sustainable Energy Association of Singapore (SEAS), the country’s renewable energy share of total installed capacity is less than 1.0%. However, the country has potential to generate 10.0% of total electricity demand through renewable sources by 2020. Therefore, the government aims to increase the share of renewable energy in the total energy mix.

- Singapore’s aging population is expected to drive expenditure on healthcare buildings over the forecast period. In order to provide affordable, quality and effective healthcare services to citizens, the Ministry of Health is focusing on developing the healthcare sector. According to UNDESA, the percentage of the population aged 60 or older is set to increase from 14.1% in 2010 to 22.3% in 2020, and to 30.7% by 2030. The median age of the population will increase from 37.3 years in 2010 to 42.5 years by 2020, and 47.0 years by 2030.

Table Of Contents

Construction in Singapore - Key Trends and Opportunities to 2019
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: United Engineers Limited
5.1 United Engineers Ltd - Company Overview
5.2 United Engineers Ltd - Business Description
5.3 United Engineers Ltd - Main Products and Services
5.4 United Engineers Ltd - History
5.5 United Engineers Ltd - Company Information
5.5.1 United Engineers Ltd - key competitors
5.5.2 United Engineers Ltd - key employees
6 Company Profile: Chip Eng Seng Corporation Ltd
6.1 Chip Eng Seng Corporation Ltd - Company Overview
6.2 Chip Eng Seng Corporation Ltd - Business Description
6.3 Chip Eng Seng Corporation Ltd - Main Products and Services
6.4 Chip Eng Seng Corporation Ltd - History
6.5 Chip Eng Seng Corporation Ltd - Company Information
6.5.1 Chip Eng Seng Corporation Ltd - key competitors
6.5.2 Chip Eng Seng Corporation Ltd - key employees
7 Company Profile: Lian Beng Group Ltd
7.1 Lian Beng Group Ltd - Company Overview
7.2 Lian Beng Group Ltd - Main Products and Services
7.3 Lian Beng Group Ltd - History
7.4 Lian Beng Group Ltd - Company Information
7.4.1 Lian Beng Group Ltd - key competitors
7.4.2 Lian Beng Group Ltd - key employees
8 Company Profile: Sim Lian Group Ltd
8.1 Sim Lian Group Ltd - Company Overview
8.2 Sim Lian Group Ltd - Main Services
8.3 Sim Lian Group Ltd - History
8.4 Sim Lian Group Ltd - Company Information
8.4.1 Sim Lian Group Ltd - key competitors
8.4.2 Sim Lian Group Ltd - key employees
9 Company Profile: BBR Holdings (S) Ltd
9.1 BBR Holdings (S) Ltd - Company Overview
9.2 BBR Holdings (S) Ltd - Main Services
9.3 BBR Holdings (S) Ltd - History
9.4 BBR Holdings (S) Ltd - Company Information
9.4.1 BBR Holdings (S) Ltd - key competitors
9.4.2 BBR Holdings (S) Ltd - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables
Table 1: Singapore's Construction Output by Project Type (SGD Million), 2010-2014
Table 2: Singapore's Construction Output by Project Type (SGD Million), 2014-2019
Table 3: Singapore's Construction Output by Cost Type (SGD Million), 2010-2014
Table 4: Singapore's Construction Output by Cost Type (SGD Million), 2014-2019
Table 5: Singapore's Construction Output by Activity Type (SGD Million), 2010-2014
Table 6: Singapore's Construction Output by Activity Type (SGD Million), 2014-2019
Table 7: Singapore's Construction Value Add by Project Type (SGD Million), 2010-2014
Table 8: Singapore's Construction Value Add by Project Type (SGD Million), 2014-2019
Table 9: Singapore's Commercial Construction Output by Project Type (SGD Million), 2010-2014
Table 10: Singapore's Commercial Construction Output by Project Type (SGD Million), 2014-2019
Table 11: Singapore's Commercial Construction Output by Cost Type (SGD Million), 2010-2014
Table 12: Singapore's Commercial Construction Output by Cost Type (SGD Million), 2014-2019
Table 13: Singapore's Commercial Construction Output by Activity Type (SGD Million), 2010-2014
Table 14: Singapore's Commercial Construction Output by Activity Type (SGD Million), 2014-2019
Table 15: Singapore's Commercial Construction Value Add by Project Type (SGD Million), 2010-2014
Table 16: Singapore's Commercial Construction Value Add by Project Type (SGD Million), 2014-2019
Table 17: Singapore's Industrial Construction Output by Project Type (SGD Million), 2010-2014
Table 18: Singapore's Industrial Construction Output by Project Type (SGD Million), 2014-2019
Table 19: Singapore's Industrial Construction Output by Cost Type (SGD Million), 2010-2014
Table 20: Singapore's Industrial Construction Output by Cost Type (SGD Million), 2014-2019
Table 21: Singapore's Industrial Construction Output by Activity Type (SGD Million), 2010-2014
Table 22: Singapore's Industrial Construction Output by Activity Type (SGD Million), 2014-2019
Table 23: Singapore's Industrial Construction Value Add by Project Type (SGD Million), 2010-2014
Table 24: Singapore's Industrial Construction Value Add by Project Type (SGD Million), 2014-2019
Table 25: Singapore's Infrastructure Construction Output by Project Type (SGD Million), 2010-2014
Table 26: Singapore's Infrastructure Construction Output by Project Type (SGD Million), 2014-2019
Table 27: Singapore's Infrastructure Construction Output by Cost Type (SGD Million), 2010-2014
Table 28: Singapore's Infrastructure Construction Output by Cost Type (SGD Million), 2014-2019
Table 29: Singapore's Infrastructure Construction Output by Activity Type (SGD Million), 2010-2014
Table 30: Singapore's Infrastructure Construction Output by Activity Type (SGD Million), 2014-2019
Table 31: Singapore's Infrastructure Construction Value Add by Project Type (SGD Million), 2010-2014
Table 32: Singapore's Infrastructure Construction Value Add by Project Type (SGD Million), 2014-2019
Table 33: Singapore's Energy and Utilities Construction Output by Project Type (SGD Million), 2010-2014
Table 34: Singapore's Energy and Utilities Construction Output by Project Type (SGD Million), 2014-2019
Table 35: Singapore's Energy and Utilities Construction Output by Cost Type (SGD Million), 2010-2014
Table 36: Singapore's Energy and Utilities Construction Output by Cost Type (SGD Million), 2014-2019
Table 37: Singapore's Energy and Utilities Construction Output by Activity Type (SGD Million), 2010-2014
Table 38: Singapore's Energy and Utilities Construction Output by Activity Type (SGD Million), 2014-2019
Table 39: Singapore's Energy and Utilities Construction Value Add by Project Type (SGD Million), 2010-2014
Table 40: Singapore's Energy and Utilities Construction Value Add by Project Type (SGD Million), 2014-2019
Table 41: Singapore's Institutional Construction Output by Project Type (SGD Million), 2010-2014
Table 42: Singapore's Institutional Construction Output by Project Type (SGD Million), 2014-2019
Table 43: Singapore's Institutional Construction Output by Cost Type (SGD Million), 2010-2014
Table 44: Singapore's Institutional Construction Output by Cost Type (SGD Million), 2014-2019
Table 45: Singapore's Institutional Construction Output by Activity Type (SGD Million), 2010-2014
Table 46: Singapore's Institutional Construction Output by Activity Type (SGD Million), 2014-2019
Table 47: Singapore's Institutional Construction Value Add by Project Type (SGD Million), 2010-2014
Table 48: Singapore's Institutional Construction Value Add by Project Type (SGD Million), 2014-2019
Table 49: Singapore's Residential Construction Output by Project Type (SGD Million), 2010-2014
Table 50: Singapore's Residential Construction Output by Project Type (SGD Million), 2014-2019
Table 51: Singapore's Residential Construction Output by Cost Type (SGD Million), 2010-2014
Table 52: Singapore's Residential Construction Output by Cost Type (SGD Million), 2014-2019
Table 53: Singapore's Residential Construction Output by Activity Type (SGD Million), 2010-2014
Table 54: Singapore's Residential Construction Output by Activity Type (SGD Million), 2014-2019
Table 55: Singapore's Residential Construction Value Add by Project Type (SGD Million), 2010-2014
Table 56: Singapore's Residential Construction Value Add by Project Type (SGD Million), 2014-2019
Table 57: United Engineers Ltd - Key Facts
Table 58: United Engineers Ltd - Main Products and Services
Table 59: United Engineers Ltd - History
Table 60: United Engineers Ltd - Key Employees
Table 61: Chip Eng Seng Corporation Ltd - Key Facts
Table 62: Chip Eng Seng Corporation Ltd - Main Products and Services
Table 63: Chip Eng Seng Corporation Ltd - History
Table 64: Chip Eng Seng Corporation Ltd - Key Employees
Table 65: Lian Beng Group Ltd - Key Facts
Table 66: Lian Beng Group Ltd - Main Products and Services
Table 67: Lian Beng Group Ltd - History
Table 68: Lian Beng Group Ltd - Key Employees
Table 69: Sim Lian Group Ltd - Key Facts
Table 70: Sim Lian Group Ltd - Main Services
Table 71: Sim Lian Group Ltd - History
Table 72: Sim Lian Group Ltd - Key Employees
Table 73: BBR Holdings (S) Ltd - Key Facts
Table 74: BBR Holdings (S) Ltd - Main Services
Table 75: BBR Holdings (S) Ltd - History
Table 76: BBR Holdings (S) Ltd - Key Employees
Table 77: Timetric Construction Market Definitions

List of Figures
Figure 1: Singapore's Construction Output (Real US$ 2010, Million), 2010-2019
Figure 2: Growth Matrix for Construction Output in Singapore (US$ Million), 2010-2019
Figure 3: Singapore's Construction Output by Project Type (SGD Million), 2010-2019
Figure 4: Singapore's Construction Output by Cost Type (SGD Million), 2010-2019
Figure 5: Singapore's Construction Output by Activity Type (SGD Million), 2010-2019
Figure 6: Singapore's Construction Value Add by Project Type (SGD Million), 2010-2019
Figure 7: Singapore's Commercial Construction Output by Project Type (SGD Million), 2010-2019
Figure 8: Singapore's Commercial Construction Output by Cost Type (SGD Million), 2010-2019
Figure 9: Singapore's Commercial Construction Output by Activity Type (SGD Million), 2010-2019
Figure 10: Singapore's Commercial Construction Value Add by Project Type (SGD Million), 2010-2019
Figure 11: Singapore's Industrial Construction Output by Project Type (SGD Million), 2010-2019
Figure 12: Singapore's Industrial Construction Output by Cost Type (SGD Million), 2010-2019
Figure 13: Singapore's Industrial Construction Output by Activity Type (SGD Million), 2010-2019
Figure 14: Singapore's Industrial Construction Value Add by Project Type (SGD Million), 2010-2019
Figure 15: Singapore's Infrastructure Construction Output by Project Type (SGD Million), 2010-2019
Figure 16: Singapore's Infrastructure Construction Output by Cost Type (SGD Million), 2010-2019
Figure 17: Singapore's Infrastructure Construction Output by Activity Type (SGD Million), 2010-2019
Figure 18: Singapore's Infrastructure Construction Value Add by Project Type (SGD Million), 2010-2019
Figure 19: Singapore's Energy and Utilities Construction Output by Project Type (SGD Million), 2010-2019
Figure 20: Singapore's Energy and Utilities Construction Output by Cost Type (SGD Million), 2010-2019
Figure 21: Singapore's Energy and Utilities Construction Output by Activity Type (SGD Million), 2010-2019
Figure 22: Singapore's Energy and Utilities Construction Value Add by Project Type (SGD Million), 2010-2019
Figure 23: Singapore's Institutional Construction Output by Project Type (SGD Million), 2010-2019
Figure 24: Singapore's Institutional Construction Output by Cost Type (SGD Million), 2010-2019
Figure 25: Singapore's Institutional Construction Output by Activity Type (SGD Million), 2010-2019
Figure 26: Singapore's Institutional Construction Value Add by Project Type (SGD Million), 2010-2019
Figure 27: Singapore's Residential Construction Output by Project Type (SGD Million), 2010-2019
Figure 28: Singapore's Residential Construction Output by Cost Type (SGD Million), 2010-2019
Figure 29: Singapore's Residential Construction Output by Activity Type (SGD Million), 2010-2019
Figure 30: Singapore's Residential Construction Value Add by Project Type (SGD Million), 2010-2019

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Precast Construction Market by Product, Type, End-use Sector, and Region - Global Forecast to 2021

Precast Construction Market by Product, Type, End-use Sector, and Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • October 2016
  • by MarketsandMarkets

“Precast construction market projected to grow at a CAGR of 6.10%” The precast construction market size is projected to grow at a CAGR of 6.10% during the forecast period of 2016 – 2021 and reach ...

Building Thermal Insulation Market by Material, Application - Global Trends & Forecasts to 2021

Building Thermal Insulation Market by Material, Application - Global Trends & Forecasts to 2021

  • $ 5650
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Building thermal insulation market to reach USD 28.39 billion by 2021” The market size of building thermal insulation, in terms of value, is projected to reach USD 28.39 billion by 2021, at a CAGR ...

Roofing Systems Market by Material (Asphalt, Metal, Plastic, Clay, Concrete), Product (Shingles & Plates, Tiles), Construction Type (New Construction & Reform Construction), End-Use Sector (Residential & Non-Residential) - Global Forecast to 2021

Roofing Systems Market by Material (Asphalt, Metal, Plastic, Clay, Concrete), Product (Shingles & Plates, Tiles), Construction Type (New Construction & Reform Construction), End-Use Sector (Residential & Non-Residential) - Global Forecast to 2021

  • $ 5650
  • Industry report
  • August 2016
  • by MarketsandMarkets

“Growing construction industry to drive the market for roofing systems” The global market for roofing systems is projected to grow from USD 109.72 billion in 2016 to reach USD 157.56 billion by 2021, ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.