Press release
Construction In Singapore - Key Strategies, Trends & Growth To 2019
Description
Construction in Singapore - Key Trends and Opportunities to 2019
Synopsis
Singapores Construction Industry will continue to expand over the forecast period (20152019), supported by government investments in transport infrastructure.
While addressing the housing need for the middle class population and focusing on developing renewable energy sources, the government also aims to improve transport and tourism infrastructure through projects such as the MRT MasterplanCross Island Line, the MRT MasterplanDowntown Line and the Tuas West Extension.
According to the Building and Construction Authority (BCA), the value of construction contracts awarded by the government for infrastructure development increased by 5.3%, going from SGD35.8 billion (US$28.6 billion) in 2013 to SGD37.7 billion (US$29.8 billion) in 2014.
In real terms, the industrys output value rose at a compound annual growth rate (CAGR) of 6.39% during the review period (20102014). The pace of growth is anticipated to decelerate to 2.48% over the forecast period, however, due to weakening economic growth.
Summary
Timetrics Construction in Singapore Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Singapores construction industry including:
Singapores construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across 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 Singapores construction industry
Profiles of the leading operators in Singapores construction industry.
Data highlights of the largest construction projects in Singapore
Download Detail Report With Complete TOC at: http://www.marketresearchreports.biz/sample/sample/500391
Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides:
Historical (2010-2014) and forecast (2015-2019) 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 business strategies 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 latest data from the BCA, the total value of construction contracts awarded grew by 8.2%, going from SGD35.8 billion (US$28.6 billion) in 2013 to SGD38.8 billion (US$30.6 billion) in 2014. Of the total value of construction contracts, SGD19.2 billion (US$15.2 billion) were issued to the public sector in 2014, while SGD19.5 billion (US$15.4 billion) were issued to the private sector. The total value of contracts awarded for industrial construction grew by 20.7%, going from SGD5.5 billion (US$4.4 billion) in 2013 to SGD6.6 billion (US$5.2 billion) in 2014.
To improve transport connectivity and develop the public transport system, in the first half of 2015, the government announced its plans to spend SGD26.0 billion (US$20.5 billion) on transport infrastructure by 2020. Accordingly, Changi Airports Terminal 5, Jewel Changi Airport and Tuas seaport and other transport infrastructures are expected to be built by 2020.
Singapores construction industry will be supported by liquefied natural gas (LNG) terminal expansion projects. In 2014, the Singapore LNG Corporation Pte Ltd (SLNG) awarded an engineering, procurement and construction (EPC) contract to Samsung C&T Corporation (Samsung) for the Phase-3 expansion plan of the Singapore LNG terminal.
According to the Sustainable Energy Association of Singapore (SEAS), the countrys renewable energy share of total installed capacity is less than 1.0%. However, the country has potential to generate 10.0% of total electricity demand through renewable sources by 2020. Therefore, the government aims to increase the share of renewable energy in the total energy mix.
Singapores aging population is expected to drive expenditure on healthcare buildings over the forecast period. In order to provide affordable, quality and effective healthcare services to citizens, the Ministry of Health is focusing on developing the healthcare sector. According to UNDESA, the percentage of the population aged 60 or older is set to increase from 14.1% in 2010 to 22.3% in 2020, and to 30.7% by 2030. The median age of the population will increase from 37.3 years in 2010 to 42.5 years by 2020, and 47.0 years by 2030.
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