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Construction in Singapore, Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Jan 2017

Category :

Construction

No. of Pages : 84 Pages

Synopsis
In real terms, Singapores construction industry registered positive growth during the review period (20122016). Despite a slowdown in growth due to the impact of the global financial crisis, the industry registered a modest performance, supported by government efforts to stabilize the economy, industrial activity, and public sector investments in residential projects. The industrys output value in real terms rose at a compound annual growth rate (CAGR) of 3.75% during the review period.

Industry growth over the forecast period (20172021) is expected to slow, posting a CAGR of 2.06% in real terms. This can be attributed to the impact of economic slowdown in China, Singapores largest trade partner.

In addition, the probable withdrawal of the US as a member of the Trans-Pacific Partnership as proposed by president-elect Donald Trump will affect Singapores economic performance.

Growth in the industry will be driven by public sector investments in transport infrastructure projects, the expansion of the manufacturing sector, and positive developments in the tourism sector.


Summary
Timetrics Construction in Singapore, Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into Singapore's construction industry including:

The Singaporean construction industry's growth prospects by market, project type and construction activity

Analysis of equipment, material and service costs for each project type in Singapore

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Singapore's construction industry

Profiles of the leading operators in Singapore's construction industry

Data highlights of the largest construction projects in Singapore

Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides:

Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Singapore using construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Detailed profiles of the leading construction companies in Singapore

Reasons To Buy
Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

Key Highlights
According to the Singapore Department of Statistics, the number of building permits granted to private residential property developers declined by 35.7% from 8,454 in 2014 to 5,438 in 2015. During the first half of 2016, the number of building permits fell by 19.9%, as compared to the same period in 2015. This demonstrates the impact of weak economic conditions on private sector investments.

Public sector investments are expected to dominate the countrys construction industry over the forecast period. According to the Building and Construction Authority of Singapore, the total worth of construction contracts is expected to value between SGD26.0 billion (US$18.9 billion) and SGD35.0 billion (US$25.6 billion) during 20172018, and between SGD26.0 billion (US$18.9 billion) and SGD37.0 billion (US$26.9 billion) during 20192020.

In a bid to promote economic growth, in December 2014 the government launched the Government Land Sales (GLS) program, under which it releases land for various commercial, industrial and residential developments. As a part of the GLS program, in December 2016 the government announced plans for developments to be undertaken during the first half of 2017. Accordingly, it announced its intent to supply 158,080m2 of gross floor area for commercial development, with a particular emphasis on office buildings in Woodlands Square and Beach Road.

In April 2016, the Maritime and Port Authority of Singapore initiated the construction of the first phase of mega-port terminal in Tuas. For a total investment of SGD2.4 billion (US$1.8 billion), the project includes the construction of a giant wharf structure consisting of 222 caissons.

The government is focusing on implementing public housing schemes in a bid to enable the low- and middle-class population to acquire their own homes. Accordingly, under the Build-To-Order plan, the Housing & Development board (HDB) is building affordable flats. In December 2016, the HDB announced plans to launch 17,000 flats in 2017.
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: United Engineers Ltd
5.1 United Engineers Ltd Company Overview
5.2 United Engineers Ltd Business Description
5.3 United Engineers Ltd Main Products and Services
5.4 United Engineers Ltd History
5.5 United Engineers Ltd Company Information
5.5.1 United Engineers Ltd key competitors
5.5.2 United Engineers Ltd key employees
6 Company Profile: Chip Eng Seng Corporation Ltd
6.1 Chip Eng Seng Corporation Ltd Company Overview
6.2 Chip Eng Seng Corporation Ltd Business Description
6.3 Chip Eng Seng Corporation Ltd Main Products and Services
6.4 Chip Eng Seng Corporation Ltd History
6.5 Chip Eng Seng Corporation Ltd Company Information
6.5.1 Chip Eng Seng Corporation Ltd key competitors
6.5.2 Chip Eng Seng Corporation Ltd key employees
7 Company Profile: Oxley-Lian Beng Pte. Ltd
7.1 Oxley-Lian Beng Pte. Ltd Company Overview
7.2 Oxley-Lian Beng Pte. Ltd Business Description
7.3 Oxley-Lian Beng Pte. Ltd Main Services
7.4 Oxley-Lian Beng Pte. Ltd History
7.5 Oxley-Lian Beng Pte. Ltd Company Information
7.5.1 Oxley-Lian Beng Pte. Ltd key competitors
7.5.2 Oxley-Lian Beng Pte. Ltd key employees
8 Company Profile: Sim Lian Group Ltd
8.1 Sim Lian Group Ltd Company Overview
8.2 Sim Lian Group Ltd Business Description
8.3 Sim Lian Group Ltd Main Services
8.4 Sim Lian Group Ltd History
8.5 Sim Lian Group Ltd Company Information
8.5.1 Sim Lian Group Ltd key competitors
8.5.2 Sim Lian Group Ltd key employees
9 Company Profile: BBR Holdings (S) Ltd
9.1 BBR Holdings (S) Ltd Company Overview
9.2 BBR Holdings (S) Ltd Business Description
9.3 BBR Holdings (S) Ltd Main Services
9.4 BBR Holdings (S) Ltd History
9.5 BBR Holdings (S) Ltd Company Information
9.5.1 BBR Holdings (S) Ltd key competitors
9.5.2 BBR Holdings (S) Ltd key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetrics Services
10.7 Disclaimer


List of Tables
Table 1: Singapores Construction Output by Project Type (SGD Million), 20122016
Table 2: Singapores Construction Output by Project Type (SGD Million), 20162021
Table 3: Singapores Construction Output by Cost Type (SGD Million), 20122016
Table 4: Singapores Construction Output by Cost Type (SGD Million), 20162021
Table 5: Singapores Construction Output by Activity (SGD Million), 20122016
Table 6: Singapores Construction Output by Activity Type (SGD Million), 20162021
Table 7: Singapores Construction Value Add by Project Type (SGD Million), 20122016
Table 8: Singapores Construction Value Add by Project Type (SGD Million), 20162021
Table 9: Singapores Commercial Construction Output by Project Type (SGD Million), 20122016
Table 10: Singapores Commercial Construction Output by Project Type (SGD Million), 20162021
Table 11: Singapores Commercial Construction Output by Cost Type (SGD Million), 20122016
Table 12: Singapores Commercial Construction Output by Cost Type (SGD Million), 20162021
Table 13: Singapores Commercial Construction Output by Activity (SGD Million), 20122016
Table 14: Singapores Commercial Construction Output by Activity Type (SGD Million), 20162021
Table 15: Singapores Commercial Construction Value Add by Project Type (SGD Million), 20122016
Table 16: Singapores Commercial Construction Value Add by Project Type (SGD Million), 20162021
Table 17: Singapores Industrial Construction Output by Project Type (SGD Million), 20122016
Table 18: Singapores Industrial Construction Output by Project Type (SGD Million), 20162021
Table 19: Singapores Industrial Construction Output by Cost Type (SGD Million), 20122016
Table 20: Singapores Industrial Construction Output by Cost Type (SGD Million), 20162021
Table 21: Singapores Industrial Construction Output by Activity (SGD Million), 20122016
Table 22: Singapores Industrial Construction Output by Activity Type (SGD Million), 20162021
Table 23: Singapores Industrial Construction Value Add by Project Type (SGD Million), 20122016
Table 24: Singapores Industrial Construction Value Add by Project Type (SGD Million), 20162021
Table 25: Singapores Infrastructure Construction Output by Project Type (SGD Million), 20122016
Table 26: Singapores Infrastructure Construction Output by Project Type (SGD Million), 20162021
Table 27: Singapores Infrastructure Construction Output by Cost Type (SGD Million), 20122016
Table 28: Singapores Infrastructure Construction Output by Cost Type (SGD Million), 20162021
Table 29: Singapores Infrastructure Construction Output by Activity (SGD Million), 20122016
Table 30: Singapores Infrastructure Construction Output by Activity Type (SGD Million), 20162021
Table 31: Singapores Infrastructure Construction Value Add by Project Type (SGD Million), 20122016
Table 32: Singapores Infrastructure Construction Value Add by Project Type (SGD Million), 20162021
Table 33: Singapores Energy and utilities Construction Output by Project Type (SGD Million), 20122016
Table 34: Singapores Energy and utilities Construction Output by Project Type (SGD Million), 20162021
Table 35: Singapores Energy and utilities Construction Output by Cost Type (SGD Million), 20122016
Table 36: Singapores Energy and utilities Construction Output by Cost Type (SGD Million), 20162021
Table 37: Singapores Energy and utilities Construction Output by Activity (SGD Million), 20122016
Table 38: Singapores Energy and utilities Construction Output by Activity Type (SGD Million), 20162021
Table 39: Singapores Energy and utilities Construction Value Add by Project Type (SGD Million), 20122016
Table 40: Singapores Energy and utilities Construction Value Add by Project Type (SGD Million), 20162021
Table 41: Singapores Institutional Construction Output by Project Type (SGD Million), 20122016
Table 42: Singapores Institutional Construction Output by Project Type (SGD Million), 20162021
Table 43: Singapores Institutional Construction Output by Cost Type (SGD Million), 20122016
Table 44: Singapores Institutional Construction Output by Cost Type (SGD Million), 20162021
Table 45: Singapores Institutional Construction Output by Activity (SGD Million), 20122016
Table 46: Singapores Institutional Construction Output by Activity Type (SGD Million), 20162021
Table 47: Singapores Institutional Construction Value Add by Project Type (SGD Million), 20122016
Table 48: Singapores Institutional Construction Value Add by Project Type (SGD Million), 20162021
Table 49: Singapores Residential Construction Output by Project Type (SGD Million), 20122016
Table 50: Singapores Residential Construction Output by Project Type (SGD Million), 20162021
Table 51: Singapores Residential Construction Output by Cost Type (SGD Million), 20122016
Table 52: Singapores Residential Construction Output by Cost Type (SGD Million), 20162021
Table 53: Singapores Residential Construction Output by Activity (SGD Million), 20122016
Table 54: Singapores Residential Construction Output by Activity Type (SGD Million), 20162021
Table 55: Singapores Residential Construction Value Add by Project Type (SGD Million), 20122016
Table 56: Singapores Residential Construction Value Add by Project Type (SGD Million), 20162021
Table 57: United Engineers Ltd, Key Facts
Table 58: United Engineers Ltd, Main Products and Services
Table 59: United Engineers Ltd, History
Table 60: United Engineers Ltd, Key Employees
Table 61: Chip Eng Seng Corporation Ltd, Key Facts
Table 62: Chip Eng Seng Corporation Ltd, Main Products and Services
Table 63: Chip Eng Seng Corporation Ltd, History
Table 64: Chip Eng Seng Corporation Ltd, Key Employees
Table 65: Oxley-Lian Beng Pte. Ltd, Key Facts
Table 66: Oxley-Lian Beng Pte. Ltd, Main Services
Table 67: Oxley-Lian Beng Pte. Ltd, History
Table 68: Oxley-Lian Beng Pte. Ltd, Key Employees
Table 69: Sim Lian Group Ltd, Key Facts
Table 70: Sim Lian Group Ltd, Main Services
Table 71: Sim Lian Group Ltd, History
Table 72: Sim Lian Group Ltd, Key Employees
Table 73: BBR Holdings (S) Ltd, Key Facts
Table 74: BBR Holdings (S) Ltd, Main Services
Table 75: BBR Holdings (S) Ltd, History
Table 76: BBR Holdings (S) Ltd, Key Employees
Table 77: Timetric Construction Market Definitions


List of Figures
Figure 1: Singapores Construction Output (Real US$ 2010, Million), 20122021
Figure 2: Growth Matrix for Construction Output in Singapore (US$ Million), 20122021
Figure 3: Singapores Construction Output by Project Type (SGD Million), 20122021
Figure 4: Singapores Construction Output by Cost Type (SGD Million), 20122021
Figure 5: Singapores Construction Output by Activity Type (SGD Million), 20122021
Figure 6: Singapores Construction Value Add by Project Type (SGD Million), 20122021
Figure 7: Singapores Commercial Construction Output by Project Type (SGD Million), 20122021
Figure 8: Singapores Commercial Construction Output by Cost Type (SGD Million), 20122021
Figure 9: Singapores Commercial Construction Output by Activity Type (SGD Million), 20122021
Figure 10: Singapores Commercial Construction Value Add by Project Type (SGD Million), 20122021
Figure 11: Singapores Industrial Construction Output by Project Type (SGD Million), 20122021
Figure 12: Singapores Industrial Construction Output by Cost Type (SGD Million), 20122021
Figure 13: Singapores Industrial Construction Output by Activity Type (SGD Million), 20122021
Figure 14: Singapores Industrial Construction Value Add by Project Type (SGD Million), 20122021
Figure 15: Singapores Infrastructure Construction Output by Project Type (SGD Million), 20122021
Figure 16: Singapores Infrastructure Construction Output by Cost Type (SGD Million), 20122021
Figure 17: Singapores Infrastructure Construction Output by Activity Type (SGD Million), 20122021
Figure 18: Singapores Infrastructure Construction Value Add by Project Type (SGD Million), 20122021
Figure 19: Singapores Energy and utilities Construction Output by Project Type (SGD Million), 20122021
Figure 20: Singapores Energy and utilities Construction Output by Cost Type (SGD Million), 20122021
Figure 21: Singapores Energy and utilities Construction Output by Activity Type (SGD Million), 20122021
Figure 22: Singapores Energy and utilities Construction Value Add by Project Type (SGD Million), 20122021
Figure 23: Singapores Institutional Construction Output by Project Type (SGD Million), 20122021
Figure 24: Singapores Institutional Construction Output by Cost Type (SGD Million), 20122021
Figure 25: Singapores Institutional Construction Output by Activity Type (SGD Million), 20122021
Figure 26: Singapores Institutional Construction Value Add by Project Type (SGD Million), 20122021
Figure 27: Singapores Residential Construction Output by Project Type (SGD Million), 20122021
Figure 28: Singapores Residential Construction Output by Cost Type (SGD Million), 20122021
Figure 29: Singapores Residential Construction Output by Activity Type (SGD Million), 20122021
Figure 30: Singapores Residential Construction Value Add by Project Type (SGD Million), 20122021

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