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Singapore Construction Markets, Key Trends and Opportunities Report 2021-2025 - ResearchAndMarkets.com

·3 min read

DUBLIN, July 20, 2021--(BUSINESS WIRE)--The "Construction in Singapore - Key Trends and Opportunities to 2025 (Q2 2021)" report has been added to ResearchAndMarkets.com's offering.

Singapore's construction industry is forecast to recover by 30% in 2021, after contracting by 35.9% in 2020. The industry is projected to continue to expand in 2022, registering real growth of 8.1%, and then expand by 3.3% over the remainder of the forecast period (2023-2025).

The government's programs, which promote the development of affordable housing, transport, and renewable energy infrastructure, are expected to continue to support the expansion of the industry in the coming years.

To support the construction industry's recovery, in June 2020 the government announced a SGD1.4 billion (US$1.06 million) construction support package, which includes a SGD525.8 million (US$398.8 million) construction restart booster to support construction firms in meeting additional compliance costs due to enhanced social distancing measures.

The government announced an additional fiscal package worth SGD11 billion (US$8.3 billion) in the latest budget released in April 2021. According to the finance minister, around SGD4.8 billion (US$3.6 billion) is meant for public health and safe reopening measures, including vaccinations, contract tracing, and testing capabilities. The government also extended several existing schemes to subsidize wages and provide financing to businesses.

This 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.

Scope

  • Historical (2016-2020) and forecast (2021-2025) 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

Key Topics Covered:

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 COVID-19 Status

3.5 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

For more information about this report visit https://www.researchandmarkets.com/r/c8ix5w

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720005889/en/

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