Singapore's construction industry registered positive growth during the review period (2012-2016).

1. Increase In Public Spending To Boost Construction
Industry In Singapore: Ken Research

2. Ken research announced its recent publication on
Construction in Singapore, Key Trends and Opportunities to
2021. The report provides a comprehensive analysis on the
construction industry of Singapore. It provides an in depth
analysis on the market, equipment, material and service
costs for each project type in Singapore, gives a critical
insight into the impact of industry trends and issues, and the
risks and opportunities they present to participants in
Singapore's construction industry.

3. Further, it provides the Singaporean construction industry’s
growth prospects by market type, project type, construction
activity and gives details profiles of the leading operator in the
Singapore construction industry.
Singapore is one of the most open, least corrupt and amongst the
most developed economies of the world. It has a GDP of USD
307.872 bn and is ranked 36th in the world (World Bank
statistics). The industry sector occupies 25% of the GDP while the
service sector has 75%. The inflation rate and unemployment
level is low and stable. Its corporate tax rate is at 17%, the lowest
in the Asia- pacific region. It was the first Asian nation accredited
with the AAA rating. The strength of this economy lies in its stable
political and sound economic system. The nation is known for its
excellent business environment and banking sector.

4. Singapore has emerged as a high income country that is major
trading regional and global hub for financial and trading services.
Thus, this nation has become one of the very few nations, which
has current account surplus, ample foreign reserves and very low
public external debt. However, on the other hand Singapore is
highly dependent on exports, has a quite volatile. Singapore is
the second densest sovereign state with a population of 5.69
billion spread over an area of. The nation has a multiracial and
multicultural population but is dominated by people of Chinese
ethnicity. The fertility rate is quite low, around 1.25 and has been
a concern for the government. The literacy rate (97%) is one of
the highest in the world and the unemployment rate is low. The
average life expectancy is approximately 83 years. However
there is a paucity of highly skilled professionals and has very high
old age dependency ratio.

5. The construction industry in Singapore has shown positive
growth in the time period (2012-2016). The government
allocated over 200 million pound to boost the rail and road
infrastructure worldwide. As the Singaporean government has
increased the public spending it will not only boost the
infrastructure but also give an added leverage to the
construction market in the upcoming years. The civil
engineering construction demand is expected to be strong as
projects like new MRT lines, the North-South Expressway,
associated infrastructure. Works for Changi Airport Terminal 5
and phase 2 of the Deep Tunnel Sewerage System has been
undertaken. However, last year in a press conference a senior
minister of State for National Development Desmond Lee said
that private sector construction demand has slowed but
Singapore has a hefty pipeline of public sector projects, of
which is needed for Singapore’s long-term needs.

6. Companies Covered
United Engineers Ltd, Chip Eng Seng Corporation Ltd, Lian Beng
Group, Sim Lian Group Ltd, BBR Holdings
Key Factors Considered in the Report
Singapore Construction Industry Research Report
Singapore Construction Industry Trends
Singapore Construction Market Forecast
Global Construction Industry Research
Singapore Commercial Construction Industry
Singapore Residential Construction Market
New Construction Projects Singapore
Singapore Construction Equipment Market
Singapore Construction Industry Competition

7. For more coverage click on the link below
https://www.kenresearch.com/manufacturing-and-
construction/infrastructure/construction-singapore-key-
trends-opportunities/82331-97.html
Related links
https://www.kenresearch.com/manufacturing-and-
construction/infrastructure/worldwide-construction-industry-
research-report/115-97.html
https://www.kenresearch.com/manufacturing-and-
construction/real-estate/residential-construction-
singapore/34319-97.html

8. https://www.kenresearch.com/manufacturing-and-
construction/real-estate/non-residential-construction-
singapore/26005-97.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249