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Singapore Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)

Publisher GlobalData
Published Dec 23, 2024
Length 57 Pages
SKU # GBDT19550430

Description

Singapore Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)

Summary

GlobalData’s Construction in Singapore - Key Trends and Opportunities to 2028 (Q4 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
The construction industry in Singapore is estimated to grow by 3.3% in real terms in 2024 and 4.1% in 2025, driven by an increase in construction contracts awarded, coupled with rising investments in the energy, transport, and industrial sectors. Moreover, the total value of construction contracts issued grew by 34.1% YoY in the first nine months of 2024, while the total value of progress payments issued for construction rose by 8.2% YoY over the same period.

In early December 2025, Singapore’s Ministry of Finance (MOF) announced an open call for public feedback for the 2025 Budget, which is scheduled to be presented in February 2025. The budget consultations will focus on exploring new policies and initiatives aimed at alleviating concerns such as high cost of living and job security. Some of the government's efforts include new Housing Board flat categorisation framework and increased subsidies for first-time homebuyers.

The construction industry is forecasted to grow at an average annual rate of 4.1% between 2026 to 2028, supported by investments in oil and gas, transport, and renewable energy 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 line with the plan, in October 2024, Singapore based construction companies, Hyundai Engineering and Construction and Surbana Jurong Group (SJ) signed a Memorandum of Understanding (MOU) to develop renewable energy infrastructure, and projects related to Small Modular Reactors (SMR) across the country

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
Reasons to Buy
  • Identify and evaluate market opportunities using our 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 GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

57 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
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: South Africa Sugar Confectionery Market Value (ZAR m) and Growth (Y-o-Y), 2018-23
Table 2: South Africa Sugar Confectionery Market Value (ZAR m) and Growth (Y-o-Y), 2024-28
Table 3: South Africa Sugar Confectionery Market Value (USD m) and Growth (Y-o-Y), 2018-28
Table 4: South Africa Sugar Confectionery Market Value (ZAR m) by Segments, 2018-23
Table 5: South Africa Sugar Confectionery Market Value (ZAR m) by Segments, 2023-28
Table 6: South Africa Sugar Confectionery Market Value (USD m) by Segments, 2018-23
Table 7: South Africa Sugar Confectionery Market Value (USD m) by Segments, 2023-28
Table 8: South Africa Sugar Confectionery Market Volume (Kg m) and Growth (Y-o-Y), 2018-28
Table 9: South Africa Sugar Confectionery Market Volume (Kg m) by Segments, 2018-23
Table 10: South Africa Sugar Confectionery Market Volume (Kg m) by Segments, 2023-28
Table 11: South Africa Caramels and Toffees Market by Value (ZAR m), 2018-28
Table 12: South Africa Caramels and Toffees Market by Value (USD m), 2018-28
Table 13: South Africa Caramels and Toffees Market by Volume (Kg m), 2018-28
Table 14: South Africa Gums and Jellies Market by Value (ZAR m), 2018-28
Table 15: South Africa Gums and Jellies Market by Value (USD m), 2018-28
Table 16: South Africa Gums and Jellies Market by Volume (Kg m), 2018-28
Table 17: South Africa Hard Boiled Sweets Market by Value (ZAR m), 2018-28
Table 18: South Africa Hard Boiled Sweets Market by Value (USD m), 2018-28
Table 19: South Africa Hard Boiled Sweets Market by Volume (Kg m), 2018-28
Table 20: South Africa Liquorice Market by Value (ZAR m), 2018-28
Table 21: South Africa Liquorice Market by Value (USD m), 2018-28
Table 22: South Africa Liquorice Market by Volume (Kg m), 2018-28
Table 23: South Africa Lollipops Market by Value (ZAR m), 2018-28
Table 24: South Africa Lollipops Market by Value (USD m), 2018-28
Table 25: South Africa Lollipops Market by Volume (Kg m), 2018-28
Table 26: South Africa Medicated Confectionery Market by Value (ZAR m), 2018-28
Table 27: South Africa Medicated Confectionery Market by Value (USD m), 2018-28
Table 28: South Africa Medicated Confectionery Market by Volume (Kg m), 2018-28
Table 29: South Africa Mints Market by Value (ZAR m), 2018-28
Table 30: South Africa Mints Market by Value (USD m), 2018-28
Table 31: South Africa Mints Market by Volume (Kg m), 2018-28
Table 32: South Africa Other Sugar Confectionery Market by Value (ZAR m), 2018-28
Table 33: South Africa Other Sugar Confectionery Market by Value (USD m), 2018-28
Table 34: South Africa Other Sugar Confectionery Market by Volume (Kg m), 2018-28
Table 35: South Africa Sugar Confectionery Market Value by Brands (ZAR m), 2020-23
Table 36: South Africa Sugar Confectionery Market Value by Brands (USD m), 2020-23
Table 37: South Africa Sugar Confectionery Market Volume by Brands (Kg m), 2020-23
Table 38: South Africa Sugar Confectionery Market Value by Distribution Channel (ZAR m), 2020-23
Table 39: South Africa Sugar Confectionery Market Value by Distribution Channel (USD m), 2020-23
Table 40: Category Definitions - Sugar Confectionery Market
Table 41: Distribution Channel Definitions Sugar Confectionery Market
Table 42: Volume Units for Sugar Confectionery Market
Table 43: South Africa Exchange Rate ZAR - USD (Annual Average), 2018 - 2023
Table 44: South Africa Exchange Rate ZAR - USD (Annual Average), 2024 - 2028 Forecast
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
Figure 22: Singapore, Supply of Hotel Rooms in the Pipeline, GFA, In Thousand m2
Figure 23: Singapore, International Visitor Arrivals (In Thousands)
Figure 24: Singapore, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Singapore, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Singapore, Manufacturing Value Add (SGD Million, 2015 Chained Prices)
Figure 27: Singapore, Contracts Issued for Industrial Construction (SGD Million)
Figure 28: Singapore, Industrial Production Index, 2019=100
Figure 29: Singapore, Purchasing Managers' Index (PMI)
Figure 30: Singapore, Total Merchandise Exports (SGD Billion)
Figure 31: Singapore, Progress Payment Issued for Industrial Construction (SGD Million)
Figure 32: Singapore, Factory Space Supply, % Change YoY
Figure 33: Singapore, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 34: Singapore, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Singapore, Progress Payments Issued for Civil Engineering Works (SGD Million)
Figure 36: Singapore, Contracts Issued for Civil Engineering (SGD Million)
Figure 37: Singapore, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 38: Singapore, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Singapore, Electricity Generated, in GWh
Figure 40: Singapore, Total Number of New Grid-Connected Solar PV Installations and Newly-Installed Capacity of Grid-Connected Solar PV Systems (in MWp)
Figure 41: Singapore, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 42: Singapore, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 43: Singapore, Health and Social Services Value-Add (SGD Million, 2015 Chained Prices)
Figure 44: Singapore, Education services Value-Add (SGD Million, 2015 Chained Prices)
Figure 45: Singapore, Progress Payments for Institutional Construction (SGD Million)
Figure 46: Singapore, Contracts Issued for Institutional Construction (SGD Million)
Figure 47: Singapore, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 48: Singapore, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 49: Singapore, Real estate Value-Add (in SGD Million, 2015 Chained Prices)
Figure 50: Singapore, Progress Payments Issued for Residential Construction (SGD Million)
Figure 51: Singapore, Contracts Issued for Residential Construction (SGD Million)
Figure 52: Singapore, Private Residential Property Price Index (2009=100)
Figure 53: Singapore, GFCF in residential buildings (2015 chained prices, SGD Million)
Figure 54: Singapore, Supply of Private Residential Properties in the Pipeline by Development Status (End of Period), Quarterly
Figure 55: Singapore, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 56: Singapore, Headquarters of Key Consultants (% of Total Project Pipeline)

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