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Construction Market in Singapore 2015-2019

Construction Market in Singapore 2015-2019

About Construction Market in Singapore

Singapore, one of the 'Asian Tigers,' has set a benchmark in the global construction industry in terms of quality. It is currently poised for heightened activity in its construction market, which is expected to maintain its steady growth, driven by the government's long-term development plan, Singapore 2030. The infrastructure, transport, telecommunications, and housing sectors are expected to witness huge investments during the forecast period. The construction market in Singapore is a well-established market in South-East Asia, and is a favorite investment destination among global investors.

Technavio's analysts forecast the construction market in Singapore to grow at a CAGR of 6.18% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and growth prospects of the construction market in Singapore for the period 2015-2019. To calculate the market size, the report considers the GDP of Singapore and the contribution of investment in construction to the GDP of the country. A detailed segmentation of the construction market in Singapore by sector is also provided. The report forecasts investment in the infrastructure, residential, and non-residential sectors in Singapore during the period 2015-2019. In addition, the report discusses the major drivers that influence the growth of the construction market in Singapore. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Key Vendors

  • Koh Brothers
  • Samwoh
  • Sembcorp Design and Construction
  • TEE International
Other Prominent Vendors
  • Jurong Engineering
  • KTC Group
Market Driver
  • Growing Demand for Residential Infrastructure
  • For a full, detailed list, view our report
Market Challenge
  • Shortage of Manpower
  • For a full, detailed list, view our report
Market Trend
  • Focus on Sustainable Development
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Construction Market in Singapore 2015-2019

Technavio recognizes the following companies as the key players in the Construction Market in Singapore: Koh Brothers, Samwoh, Sembcorp Design and Construction and TEE International

Other Prominent Vendors in the market are: Jurong Engineering and KTC Group

Commenting on the report, an analyst from Technavio’s team said: “Under the long-term development plan Singapore 2030, the government is planning to enhance the energy-efficiency of existing as well as new buildings. The government has also launched the "Sustainable Singapore 2015" plan to infuse more smart technology and eco-friendly features into towns and homes. The plan includes embedding features in homes such as waste management and recycling, energy and water conservation, and proximity to open green spaces such as parks and playgrounds. The Green Building Council of Singapore (SGBC) is the governing body for green buildings in the city-state. The city-state follows the "BCA Green Mark" rating system for green buildings. More than 125 projects in the city-state have been awarded the "BCA Green Mark" ratings till 2014. We expect that the increased focus on sustainable development in the city-state will further increase the number of certified green projects in the city-state during the forecast period.”

According to the report, the entire population of Singapore is categorized as urban population. The sustained growth of the economy has resulted in an increase in the population's buying power. As a result of this, there is an increase in demand for both luxury and affordable housing units in the city-state. Singapore's Housing and Development Board (HDB) is focusing on restoring the gap between the supply and demand of housing units. The HDB has planned to launch more than 2,800 housing units in Punggol Northshore, more than 900 housing units in Bidadari, and 1,500 housing units in Tampines North, in 2015. As well as the construction of new units was awarded for the restoration, maintenance, and rejuvenation of existing residential projects in 2014. Private players are expected to have invested in 2014 for construction of new residential projects.Further, the report states that the rising number of construction projects, manpower shortage, and time and cost overruns in construction projects are major challenges confronting the market.

Companies Mentioned

Koh Brothers, Samwoh, Sembcorp Design and Construction, TEE International, Jurong Engineering, KTC Group

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Key Projects
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Industry Overview
    • Global Construction Market
      • Table Global Construction Market: Geographical Segmentation 2014
    • Construction Market in Singapore
      • Table Construction Market in Singapore 2010-2013 ($ billions)
  • Country Overview
  • Market Landscape
    • Market Size Estimate
      • Table Market Size Estimate: Construction Market in Singapore
    • Market Size and Forecast
      • Table Construction Market in Singapore 2014-2019 ($ billions)
  • Market Segmentation
    • Table Construction Market in Singapore: Segmentation by Sector 2014
    • Table Segmentation of Residential Construction Sector in Singapore 2014
    • Residential Construction Market in Singapore
      • Table Residential Construction Market in Singapore 2014-2019 ($ billions)
    • Non-residential Construction Market in Singapore
      • Table Non-residential Construction Market in Singapore 2014-2019 ($ billions)
    • Infrastructure Construction Market in Singapore
      • Table Infrastructure Construction Market in Singapore 2014-2019 ($ billions)
      • Table Construction Market in Singapore Comparison by Sector 2014-2019 ($ billions)
    • Five Forces Analysis
  • Vendor Selection Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Key Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Koh Brothers
      • Key Facts
      • Business Segmentation by Revenue 2013
        • Table Koh Brothers: Business segmentation by revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Koh Brothers: Business segmentation by revenue 2012 and 2013($ millions)
      • Geographical Segmentation by Revenue 2013
        • Table Koh Brothers: Geographical segmentation by revenue 2013
      • Business Overview
      • SWOT Analysis
    • Samwoh
      • Key facts
      • Business Overview
      • SWOT Analysis
    • Sembcorp Design and Construction
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • TEE International
      • Key facts
      • Business overview
      • Business segmentation by revenue 2014
        • Table TEE International: Business segmentation by revenue 2014
      • Business segmentation by revenue 2013 and 2014
        • Table TEE International: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Geographical segmentation by revenue 2014
        • Table TEE International: Geographical segmentation by revenue 2014
      • Business strategy
      • SWOT analysis
  • Market Summary
  • Other Reports in this Series

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