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Construction Market in
Singapore 2015-2019

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

For more information

on the
Construction Market
in Singapore 20152019,
please mail us at
enquiry@technavio.co
m

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Key Trends
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 aAnalyst
CAGR ofsays,
6.18%
overgrowing
the period
2014Technavios
Senior
The
demand
2019.
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.
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Scope of The Report

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

A detailed analysis of
each market driver,
challenge
and trend is
available in our
report:
Construction Market
in Singapore 2015-20
19

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

Samwoh

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

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.

To understand the
vendor landscape
and for a full list of
vendors view our
report:
Construction Market
in Singapore 2015-20
19

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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 citystate 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 nonresidential sector
in Singapore
during
the forecast
USA
CANADA UK
CHINA
INDIA period.

Key Buying Criteria

Parameter
Guest
BloggersDetails
The private

contractor should be able to deliver

high-quality

construction

and

maintenance

Cost-effectiveness

services at affordable costs for the government.

Proper management of time and resources by the

Risk
Abilities

Authenti
city
Delivery
Price
Management
Service
Support

vendor

will

help

in

delivering

cost-effective

services.
Construction projects generally take many years to
complete. Any kind of unpredicted events, related
to

financial,

uncertainties

environmental,
should

be

and

managed

political
by

the

contractor. Hence, past experience of managing

risk in such large projects is often an added
advantage for the biding party
Infrastructure construction projects are technology-

Technical Expertise

intensive. Hence, the technical knowledge and

experience of the bidders is an important selection

criteria UK CHINA INDIA

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Construction Market
in Singapore 20152019

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