Singapore Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)
Description
Singapore Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)
Summary
GlobalData’s Construction in Singapore - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into Singapore’s construction industry, including -
- Singapore’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Singapore’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Over the remainder of the forecast period, between 2025 and 2028, GlobalData expects Singapore’s construction industry to register an annual average growth rate of 4.1%, supported by investments in transport, renewable energy, and water infrastructure projects, coupled with the government’s aim to deploy at least 2GW-peak of solar energy by 2030 and reach carbon neutrality by 2050. In late August 2024, the Australian government approved the SGD18.3 billion ($13.5 billion) cable project to ship energy from Australia to Singapore through a 4,300km undersea cable project by 2030. Previously, in May 2024, the government reported that an undersea cable project connecting Singapore to Malaysia spanning 720km is under study phase and is expected to be completed by 2031. In another boost to the construction industry’s output, in June 2024, the government launched a tender for expansion of the Changi Water Reclamation Plant in Changi. This project will include a cost of SGD2 billion ($1.5 billion) and will involve the construction of a water treatment plant to expand the capacity of this plant by up to 96 million gallons per day (mgd) by 2030, from 246 mgd currently.
Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Singapore, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using GlobalData'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 strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
55 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments 11
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Singapore, Key Economic Indicators
- Table 3: Singapore, Commercial Construction Output by Project Type (Real % Change), 2019-28
- Table 4: Singapore, Top Commercial Construction Projects by Value
- Table 5: Singapore, Industrial Construction Output by Project Type (Real % Change), 2019-28
- Table 6: Singapore, Top Industrial Construction Projects by Value
- Table 7: Singapore, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
- Table 8: Singapore, Top Infrastructure Construction Projects by Value
- Table 9: Singapore, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
- Table 10: Singapore, Top Energy and Utilities Construction Projects by Value
- Table 11: Singapore, Institutional Construction Output by Project Type (Real % Change), 2019-28
- Table 12: Singapore, Top Institutional Construction Projects by Value
- Table 13: Singapore, Residential Construction Output by Project Type (Real % Change), 2019-28
- Table 14: Singapore, Top Residential Construction Projects by Value
- Table 15: Singapore, Key Contractors
- Table 16: Singapore, Key Consultants
- Table 17: Singapore, Construction Output Value (Real, $ Million)
- Table 18: Singapore, Construction Output Value (Nominal, SGD Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: South and South-East Asia, Construction Output (Real % Change), 2022-28
- Figure 2: Singapore, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 3: Singapore, Risk Summary
- Figure 4: Singapore, Risk Regional Comparison
- Figure 5: Singapore, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 6: Singapore, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 7: Singapore, Construction Value Add (SGD Million, 2015 Chained Prices)
- Figure 8: Singapore, Total Fixed Capital Formation in Construction (2015 Chained Prices, SGD Million)
- Figure 9: Singapore, Progress Payments Certified for Construction (SGD Million)
- Figure 10: Singapore, Construction Contracts Awarded (SGD Million)
- Figure 11: Singapore, Construction Material Market Prices, % Change YoY
- Figure 12: Singapore, Construction Projects Momentum Index
- Figure 13: South-East Asia, Construction Projects Momentum Index
- Figure 14: Singapore, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 15: Singapore, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 16: Singapore, Progress Payment Issued for Commercial Construction (SGD Million)
- Figure 17: Singapore, Contracts Issued for Commercial Construction (SGD Million)
- Figure 18: Singapore, Retail sales index, Chained Volume Terms, 2017=100
- Figure 19: Singapore, Office Price and Rental Index, 1998=100
- Figure 20: Singapore, Supply of Retail Space in the Pipeline, GFA, In Thousand m2
- Figure 21: Singapore, Supply of Office Space in the Pipeline, GFA, In Thousand m2
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