Construction Market in Singapore 2015-2019

Construction Market in Singapore 2015-2019

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Construction Market in Singapore 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “The growing demand for residential development and the aging urban population, along with the increased investment in infrastructure development, are the key growth drivers in the Singapore market. The rising number of construction projects, manpower shortage, and time and cost overruns in construction projects are major challenges confronting the market.”

• Singapore, one of the 'Asian Tigers,' has set a benchmark in the global construction industry in terms of quality. It is currently poised for heightened activity in its construction market, which is expected to maintain its steady growth, driven by the government's long-term development plan, Singapore 2030. The infrastructure, transport, telecommunications, and housing sectors are expected to witness huge investments during the forecast period.

• Technavio's analysts forecast the construction market in Singapore to grow at a CAGR of 6.18% over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Construction Market in Singapore 2015-2019

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Vendors

To understand the vendor landscape and for a full list of

vendors view our report:

Construction Market in Singapore 2015-2019

Koh Brothers

Samwoh

Sembcorp Design and Construction

Koh Brothers was founded in 1966 and is headquartered in Singapore. The company is a well-established construction, property development, and specialist engineering solutions provider. The company is a BCA accredited company.

Samwoh was incorporated in 1975 and is headquartered in Singapore. It is a market leader in the construction and maintenance of roads, aircraft, and seaport pavements and also provides civil engineering and infrastructural construction services, specialized blasting systems, building materials, construction and industrial waste recycling and consultancy services.

Sembcorp Design and Construction was established in 2005 and is headquartered in Singapore. It offers design-and-build construction services and undertakes numerous construction-related projects.

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Market Landscape

• The city-state has been an important educational hub in recent years.

• A large number of new universities and training institutes are set to be established during the forecast period under the long-term development plan Singapore 2030.

• The city-state has also become an important hub for institutions in ASEAN countries and hosts a number of events and conferences, for which there is demand for the construction of convention centers and institutional buildings.

• Apart from this, the development of housing projects in the city-state have led to a rise in the demand for social and commercial spaces such as recreation centers, shopping malls, and office spaces.

• All of these factors are expected to fuel the growth of the non-residential sector in Singapore during the forecast period.

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Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Cost-effectiveness

The private contractor should be able to deliver high-quality construction and maintenance services at affordable costs for the government. Proper management of time and resources by the vendor will help in delivering cost-effective services.

Risk Management Abilities

Construction projects generally take many years to complete. Any kind of unpredicted events, related to financial, environmental, and political uncertainties should be managed by the contractor. Hence, past experience of managing risk in such large projects is often an added advantage for the biding party

Technical ExpertiseInfrastructure construction projects are technology-intensive. Hence, the technical knowledge and experience of the bidders is an important selection criteria

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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