DUBLIN–(BUSINESS WIRE)–The “Singapore Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
Globaldata has revised upward its estimation of the growth of Singapore’s construction industry in 2022 – with the industry now expected to expand by 5.1% in real terms this year, compared to an earlier estimate of a 3.5% growth.
This upward revision is attributed to the resumption of all major infrastructure projects that were halted in the last two years due to the pandemic. According to the Department of Statistics (DOS), the construction industry’s value add rose by 5.2% year on year (YoY) in the first three quarters of 2022, owing to improving economic conditions and an increase in construction output in both the public and private sector.
The construction industry is expected to register an annual average growth rate of 4.4% from 2023 to 2026, supported by investment on transport, electricity, water and sewage, and housing infrastructure projects.
As part of the 2022 Budget, the government announced it plans to issue approximately SGD35 billion ($25.5 billion) in green bonds by 2030 to fund public-sector green infrastructure projects. In November 2022, the Housing and Development Board (HDB) reported that it had completed the construction on 9,655 Build-To-Order (BTO) flats in the first ten months of 2022.
The HDB also reported that all the BTO projects that were delayed due to the pandemic will be completed within the next two-to-three years. Depending on demand, the HDB plans to build 100,000 HDB flats from 2021 to 2025, including 23,000 flats each in 2022 and 2023.
Scope
- Historical (2017-2021) and forecast (2022-2026) 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 the publisher’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 the publisher’s critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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/p3viyj
Source: GlobalData
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