The Singapore Construction Market is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation/Retrofit), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private, PPP), and by Region (Core Central Region (CCR) and More). Market Forecasts are Provided in Terms of Value (USD).

In 2024, the Singapore Construction Market reached $33.78 billion, and is projected to surge to $43.22 billion by 2030 due to surge in infrastructure investment

In 2024, Singapore’s construction sector contributed around ***** billion Singapore dollars to the country’s gross domestic product (GDP). This was a noticeable increase after the construction sector had been especially affected by the COVID-19 pandemic. Robust private and public sector demand in 2019 The construction sector in Singapore experienced three consecutive years of negative growth until 2019. This increase was fueled in part by the unexpected higher demand from the private sector, especially by the construction of new petrochemical facilities by global giants Linde and ExxonMobil. Public construction demand, meanwhile, has been growing steadily since 2015, supported by major civil engineering projects such as the expansion of the MRT lines and housing development. In that year, the value of contracts awarded for both private and public sector construction amounted to around ** billion Singapore dollars. Impact of COVID-19 on the construction sector However, the COVID-19 pandemic has already negatively impacted the construction industry. Singapore experienced its worst recession since independence, and in Q1 2020, the construction sector contracted by **** percent. Social distancing measures and the stopping of non-essential work meant that many construction projects were put on hold. Furthermore, Singapore’s construction sector is facing a two-fold labor crisis. This industry is heavily reliant on migrant workers from foreign countries. The global restrictions in travel meant that hardly any new labor was available. Adding to this challenge, the migrant workers in Singapore had been badly hit by COVID-19, making up the largest share of COVID-19 infections in the country.

The Singapore Data Center Construction Market is Segmented by Infrastructure (Electrical Infrastructure, Mechanical Infrastructure, and More), Tier Standard (Tier I and II, Tier III, and More), Data Center Type (Colocation, Hyperscale, and More), End User Industry (Banking, Financial Services, Insurance, IT and Telecommunications, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2023, the construction industry in Singapore employed around ****** residents, indicating a decrease from the previous year. Employment of residents in the construction industry has been decreasing over the last four years.

The Report Covers Transportation Infrastructure Construction Companies in Singapore and the Market is Segmented by Type (roadways, Railways, Airports, Ports, and Inland Waterways). The Market Size and Forecasts for the Transportation Infrastructure Construction Market are Provided in Terms of Value (USD) for all the Above Segments.

The construction sector in Singapore grew by *** percent in 2024. The growth rate of the construction sector had been decreasing since its recovery from the COVID-19 pandemic in 2021.

The Singapore Transportation Infrastructure Construction industry, valued at $4.57 billion in 2025, is projected to experience robust growth, driven by the nation's commitment to enhancing connectivity and supporting its economic ambitions. A compound annual growth rate (CAGR) of 4.07% from 2025 to 2033 indicates a steady expansion of the market. Key drivers include government investments in upgrading existing infrastructure, expanding public transport networks (particularly mass rapid transit systems), and developing sustainable transportation solutions. Growing urbanization and increasing population density further fuel the demand for improved road networks, rail lines, and air and seaports. While the industry faces potential constraints such as land scarcity and rising construction costs, innovative construction techniques and the adoption of Building Information Modeling (BIM) are mitigating these challenges. The market is segmented across various modes of transport, with roadways, railways, airways, and ports & inland waterways all contributing significantly. Leading players such as Obayashi Singapore, Tiong Seng Group, and Shimizu Corporation are actively involved, showcasing the industry's competitiveness and attracting both local and international firms. The diverse segments within the Singapore Transportation Infrastructure Construction industry present opportunities for specialized contractors. Roadways continue to be a significant portion of the market, supported by ongoing road expansion and maintenance projects. Similarly, the expansion of the MRT system and inter-island rail connections sustains a healthy demand for railway infrastructure development. Airports and seaports, crucial to Singapore's status as a global hub, require constant upgrades and expansion, further contributing to market growth. The inland waterways segment, though smaller, plays a vital role in logistics and is likely to see targeted investment in modernization and efficiency improvements. Overall, the outlook for the Singapore Transportation Infrastructure Construction industry remains positive, driven by consistent government investment and a focus on sustainable and technologically advanced infrastructure solutions. This comprehensive report provides an in-depth analysis of the Singapore transportation infrastructure construction industry, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this study offers invaluable insights into market trends, growth drivers, and challenges facing key players. The report meticulously examines various modes of transportation, including roadways, railways, airways, ports, and inland waterways, providing a granular understanding of each segment's contribution to the overall market. We analyze the impact of significant projects like the Cross Island Line (CRL) and the RTS Link, highlighting their influence on market dynamics and future growth. The report further examines the role of major players such as Obayashi Singapore Private Limited, Tiong Seng Group, Shimizu Corporation, Woh Hup Holdings Pte Ltd, Hyundai Engineering & Construction Co Ltd, Koh Brothers Building & Civil Engineering Contractor Pte Ltd, and CSC Holdings Limited, among others. This detailed analysis is crucial for businesses seeking to navigate the complexities of this dynamic and rapidly evolving market. The report also incorporates data on mergers and acquisitions (M&A) activity within the sector. Note: Unfortunately, I cannot provide direct website links as I do not have access to real-time web information. Recent developments include: April 2023: Siemens Mobility has been awarded a contract by the Singapore Land Transport Authority (LTA) to provide a signaling system (CBTC) and full-height platform screen doors (PSD) for the Cross Island Line (CRL). The order is worth approximately USD 333.65 million. The signaling system will feature Siemens Mobility’s Trainguard CBTC solution, modern interlocking Westrace MKII, and Automatic Train Supervision (ATS) Rail9k to support the maximum grade of automation, GoA 4, and allow fully unattended train operation along around 50 kilometers of track and 21 stations of CRL1, CRL2 and Punggol Extension., July 2023: The RTS Link between Johor Baru and Singapore has entered the 41% construction phase and is expected to be operational by 2026. The Rapid Transit System (RTS) Link is a four-kilometer light rail transit service that will operate between the Johore Baru-Woodlands North Station (Bukit Chagar) and the Singapore Central Station (Woodlands North). The trains of the RTS Link will have an operational capacity of 10,000 persons per hour in both directions.. Key drivers for this market are: 4., Increase In Tourism Industry4.; Sustainability and Environmental Concerns. Potential restraints include: 4., Financial Constraints4.; High Maintenance and Keep Up. Notable trends are: Metro Expansion in the Country.

The Singapore construction market is projected to grow at a CAGR of 4.20% between 2025 and 2034.

In 2023, there were *** confirmed cases of occupational diseases incurred from construction work in Singapore. During the period measured, the highest number of confirmed occupational diseases due to construction work was in 2015, with *** confirmed cases.

Singapore’s construction industry is forecast to record growth of 20.3% in real terms in 2021, following a contraction of 35.9% in 2020. An outbreak of Coronavirus (COVID-19) in mid-May 2021 led the Singapore government to tighten existing restrictions in accordance with its zero-transmission policy, weighing on economic activity and construction works during Q2. Despite the restrictions, the construction industry grew by 106.2% year on year (YoY) in the quarter, though this is primarily due to the low base in Q2 2020, taking cumulative H1 2021 growth to 8.7%. However, construction value add in H1 2021 still remains 26.2% lower than in H1 2019. The construction industry is expected to continue to record high growth rates in H2 2021, though again, this will be due to the large contractions in the corresponding quarters in 2020, with the value-add of the industry in 2021 expected to be in excess of 20% lower than in 2019. Read More

Prior to the Coronavirus (COVID-19) outbreak, GlobalData expected Singapore’s construction industry to grow by 2.9% in 2020. However, with the emergence of the pandemic and the stringent measures taken by the government to contain the spread of the virus, the construction industry is now set to contract by 26.8% in 2020. According to the Department of Statistics (DOS), the construction industry registered year-on-year (Y-o-Y) declines of 46.6% in Q3 2020 and 60% in Q2. Owing to the temporary halt in most construction activities during the “circuit breaker” measures imposed during 7th April to 1st June 2020, followed by the phased resumption of construction activities and strict management implemented at work sites, the construction industry contracted by 35.4% year on year (YoY) during the first three quarters of 2020. According to the DOS, the total value of progress payments certified for construction registered a double-digit Y-o-Y decline during the first nine months of 2020, with commercial and residential sectors witnessing the highest declines. Read More

Singapore's transportation infrastructure construction market is booming, with a projected $4.57 billion valuation in 2025 and a 4.07% CAGR through 2033. Discover key drivers, trends, and top companies shaping this dynamic industry. Explore market size projections, segment analysis, and future growth opportunities in Singapore's expanding transportation network. Recent developments include: April 2023: Siemens Mobility has been awarded a contract by the Singapore Land Transport Authority (LTA) to provide a signaling system (CBTC) and full-height platform screen doors (PSD) for the Cross Island Line (CRL). The order is worth approximately USD 333.65 million. The signaling system will feature Siemens Mobility’s Trainguard CBTC solution, modern interlocking Westrace MKII, and Automatic Train Supervision (ATS) Rail9k to support the maximum grade of automation, GoA 4, and allow fully unattended train operation along around 50 kilometers of track and 21 stations of CRL1, CRL2 and Punggol Extension., July 2023: The RTS Link between Johor Baru and Singapore has entered the 41% construction phase and is expected to be operational by 2026. The Rapid Transit System (RTS) Link is a four-kilometer light rail transit service that will operate between the Johore Baru-Woodlands North Station (Bukit Chagar) and the Singapore Central Station (Woodlands North). The trains of the RTS Link will have an operational capacity of 10,000 persons per hour in both directions.. Key drivers for this market are: 4., Increase In Tourism Industry4.; Sustainability and Environmental Concerns. Potential restraints include: 4., Increase In Tourism Industry4.; Sustainability and Environmental Concerns. Notable trends are: Metro Expansion in the Country.

Market Size, Trends, Segmentation, and Future Outlook Across Key Sectors Base Year : 2024

The size of the Singapore Data Center Construction market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.04% during the forecast period. Recent developments include: November 2022: AirTrunk completed the final phase of SGP1 data center expanding the total capacity of the data center to more than 78 MW., September 2022: Equinix, Inc. announced a partnership with the Centre for Energy Research & Technology (CERT) under the National University of Singapore's (NUS) College of Design and Engineering to explore technologies that enable the use of hydrogen as a green fuel source for mission-critical data center infrastructure.. Key drivers for this market are: Increased Migration to Cloud-based Business Operations, Rise of Green Data Centers; Government Support in the Form of Tax Incentives for Development of Data Centers. Potential restraints include: Higher Initial Investments and Low Availability of Resources. Notable trends are: Tier 3 is the Largest Tier Type.

In 2023, there were almost ***** workplace injuries in the construction sector. The highest number of injuries was recorded in 2021.

The Singapore data center construction market, valued at $4.35 million in 2025, is projected to experience robust growth, driven by the nation's strategic position as a regional tech hub and increasing demand for digital services. A compound annual growth rate (CAGR) of 4.76% from 2025 to 2033 indicates a significant expansion in market size over the forecast period. Key drivers include the burgeoning fintech sector, the government's push for digitalization, and the rising adoption of cloud computing and big data analytics. The market is segmented by infrastructure type (electrical and mechanical), tier type (Tier 1-4), and end-user sectors (banking, finance, IT, government, healthcare). The electrical infrastructure segment, encompassing power distribution solutions (PDUs, transfer switches, switchgear, power panels), and power backup solutions (UPS, generators), constitutes a significant portion of the market. Similarly, mechanical infrastructure, focusing on cooling systems (immersion, direct-to-chip, rear door heat exchangers, in-row/in-rack) and rack solutions, is crucial for maintaining optimal data center operations. The substantial investments in Tier 3 and Tier 4 data centers further underpin market growth, driven by the need for high availability and resilience. Competitive pressures among major construction firms like AECOM, Aurecon, Obayashi, and others are likely to shape market dynamics, resulting in innovative solutions and competitive pricing strategies. The continued growth trajectory is expected to be fueled by increasing cloud adoption by both local and international businesses. The Singapore government's focus on strengthening cybersecurity and data protection further incentivizes investment in robust and secure data center infrastructure. However, potential restraints include land scarcity and increasing construction costs in Singapore. Nonetheless, the long-term outlook remains positive, driven by the increasing demand for data center capacity in the region, making Singapore an attractive investment destination for data center developers and operators. The focus on sustainable infrastructure solutions, such as energy-efficient cooling technologies, is also a notable trend impacting the market. Recent developments include: August 2023: Singtel, in collaboration with the Infocomm Media Development Authority (IMDA), initiated the construction of a cutting-edge data center in Singapore. Dubbed DC Tuas, this eight-story facility, upon its scheduled completion in 2025, will boast an impressive 58 MW of IT load capacity spread over 120,000 sq. ft. The data center will seamlessly integrate with Singtel's cable landing station (CLS).March 2023: Megawide Construction Corporation signed an agreement with a Singapore-based group to build a data center worth USD 300 million to support the pivoting of digital infrastructure in the country. The project involves the long-term development of a 69 MW colocation data center, resulting in opportunities for the vendors in the market.. Key drivers for this market are: 4., Growing Cloud Applications, AI, and Big Data4.; Rising Adoption of Hyperscale Data Centers. Potential restraints include: 4., Growing Cloud Applications, AI, and Big Data4.; Rising Adoption of Hyperscale Data Centers. Notable trends are: The Tier 3 Segment Held the Maximum Market Share in 2023.

Singapore Number of Companies: Construction data was reported at 5,981.000 Number in 2016. This records an increase from the previous number of 5,660.000 Number for 2015. Singapore Number of Companies: Construction data is updated yearly, averaging 4,437.000 Number from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 5,981.000 Number in 2016 and a record low of 1,924.000 Number in 2006. Singapore Number of Companies: Construction data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.F011: Taxable Companies by Economic Sector.

Singapore’s construction industry is forecast to recover by 30% in 2021, after contracting by 35.9% in 2020. The industry is projected to continue to expand in 2022, registering real growth of 8.1%, and then expand by 3.3% over the remainder of the forecast period (2023-2025). The government’s programs, which promote the development of affordable housing, transport, and renewable energy infrastructure, are expected to continue to support the expansion of the industry in the coming years. Read More

In 2022, companies in the construction sector paid about 649 million Singapore dollars to shareholders. Dividends paid by the construction sector in Singapore gradually decreased since 2014.