Dublin, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The "Singapore Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Singapore's construction industry to grow by 3.3% in real terms in 2024, supported by investment in public housing, transport and energy infrastructure, and private residential developments.
In the residential sector, these include the Housing and Development Board's (HDB) plan to complete and offer approximately 19,600 Build-To-Order (BTO) flats in 2024. Construction industry growth was relatively robust in the first quarter of the year, with the latest data released by the Department of Statistics (DOS) indicating that the industry grew by 4.1% year-on-year (YoY) in Q1 2024, following Y-o-Y growth of 5.2% in Q4 2023.
As part of its 2024 budget, the government increased its development expenditure for the transport sector by 13.2%, from SGD10.4 billion ($7.6 billion) in 2023 to SGD11.8 billion ($8.6 billion) in 2024. This includes an allocation of SGD2.9 billion ($2.1 billion) for the expansion of the rail network and related projects and SGD1.2 billion ($876 million) for expressway projects. Of the total development expenditure earmarked for the year, SGD5.1 billion ($3.7 billion) was allocated to the Land Transport Authority and SGD247.6 million ($180.8 million) to the Civil Aviation Authority.
Scope
- 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 the analyst'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 analyst'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 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/e0gnpb
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