In 2023, 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.

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

The Singapore Data Center Construction Market report segments the industry into By Infrastructure (By Electrical Infrastructure, By Mechanical Infrastructure, General Construction), By Electrical Infrastructure (Power Distribution Solution, and more), By Mechanical Infrastructure (Cooling Systems, and more), By Tier Type (Tier 1 and 2, and more), and By End User (Banking, Financial Services, and Insurance, and more).

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.

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.

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

The construction sector in Singapore grew by 4.5 percent in 2024. The growth rate of the construction sector had been decreasing since its recovery from the COVID-19 pandemic in 2021.

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 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.

The Singapore Transportation Infrastructure Construction industry, valued at $4.57 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.07% from 2025 to 2033. This expansion is driven by several key factors. Singapore's commitment to enhancing its public transportation network, including investments in expanding its Mass Rapid Transit (MRT) system and upgrading its roads and ports, fuels significant demand. Furthermore, the government's ongoing initiatives to improve connectivity and logistics efficiency, coupled with increasing urbanization and population growth, consistently propel the sector forward. Technological advancements, such as the adoption of Building Information Modeling (BIM) and smart infrastructure technologies, further contribute to increased productivity and efficiency, driving market expansion. The industry is segmented by mode of transport, encompassing roadways, railways, airways, ports, and inland waterways, each experiencing varying growth rates based on specific infrastructural needs and government priorities. Major players like Woh Hup Holdings, Shimizu Corporation, and Jurong Engineering Limited dominate the landscape, contributing significantly to the overall market value. Competitive bidding and technological innovation are expected to continue shaping the market dynamics over the forecast period. The industry's growth, however, is subject to certain constraints. Fluctuations in global commodity prices, particularly steel and cement, impact project costs and profitability. Moreover, the availability of skilled labor remains a challenge, potentially impacting project timelines and overall market growth. Stringent environmental regulations and the need for sustainable construction practices also influence the operational landscape, requiring companies to invest in environmentally friendly technologies and methods. Despite these limitations, the long-term outlook for the Singapore transportation infrastructure construction industry remains positive, with consistent government support and a clear need for modernization and expansion within the transportation sector driving future growth. The projected market value in 2033, extrapolated from the provided CAGR, signifies a significant expansion of the industry within the forecast period. 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.

GDP from Construction in Singapore decreased to 5022 SGD Million in the first quarter of 2025 from 5093.20 SGD Million in the fourth quarter of 2024. This dataset provides - Singapore Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Singapore (FDI) Foreign Direct Investment: By Industry: Construction data was reported at 4,374.300 SGD mn in 2016. This records an increase from the previous number of 3,541.000 SGD mn for 2015. Singapore (FDI) Foreign Direct Investment: By Industry: Construction data is updated yearly, averaging 1,915.800 SGD mn from Dec 1998 (Median) to 2016, with 19 observations. The data reached an all-time high of 4,374.300 SGD mn in 2016 and a record low of 758.800 SGD mn in 2006. Singapore (FDI) Foreign Direct Investment: By Industry: 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.O005: Foreign Direct Investment: By Industry. Stock as at Year-End.

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 17.8% in 2020. The country’s construction industry recorded an unprecedented contraction in the second quarter of 2020, a period during which there was a complete halt of all construction activity, except for work on some essential projects during the “circuit breaker” period of 7th April to 1st June 2020. Construction value-add shrank by 54.7% on a year-on-year (y-o-y) basis in the second quarter, and by a whopping 95.6% on a quarter-on-quarter (q-o-q) seasonally-adjusted annualized basis, according to the advanced estimates released by the Ministry of Trade and Industry (MTI). The effects of the circuit breaker measures were also reflected in the overall economic data, with the economy officially entering into a recession during the second quarter of 2020. The economy shrank by 12.6% on a y-o-y basis, and 41.2% on a q-o-q seasonally-adjusted annualized basis in Q2 2020. Read More

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

As at December 2023, there were ******* work permit holders for the construction and marine shipyard and process industry. Singapore's construction sector relies heavily on migrant labor, the majority of whom come from neighboring Asian countries such as Bangladesh, India, and Myanmar. Many experienced several challenges in Singapore, including harsh working and living conditions, discrimination, as well as health risks. Construction work Foreigners outnumber residents working in the construction sector in Singapore by a large margin. The majority of them engage in physically demanding and dangerous labor. While construction sites have gotten safer in the past few years, there were still cases of fatal accidents in construction work. This is hardly surprising given the long hours worked, coupled with the physical intensity of the job. Singapore and the migrant worker community Such jobs have long been hard to fill with just the local labor force. Furthermore, increased economic growth has led to an increase in average wages for the resident population. To keep labor costs low, the construction sector employs cheaper labor from other Asian countries. However, this has led to certain prejudices forming and friction between the residents as well as the migrant worker communities. Migrant workers in construction, shipyard and processes are usually housed in crowded dormitories away from local residential areas. This further underlines the segregation between the local residents and the migrant workers.

Singapore GDP: SSIC 2010: 2005p: YoY%: Goods Producing Industry: Construction data was reported at 6.500 % in Mar 2014. This records an increase from the previous number of 4.800 % for Dec 2013. Singapore GDP: SSIC 2010: 2005p: YoY%: Goods Producing Industry: Construction data is updated quarterly, averaging 6.600 % from Mar 2010 (Median) to Mar 2014, with 17 observations. The data reached an all-time high of 11.400 % in Jun 2012 and a record low of -3.100 % in Dec 2010. Singapore GDP: SSIC 2010: 2005p: YoY%: Goods Producing Industry: Construction data remains active status in CEIC and is reported by Ministry of Trade and Industry. The data is categorized under Global Database’s Singapore – Table SG.A002: GDP: 2005 Price: Percentage Change.

In 2023, there were 108 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 145 confirmed cases.

In real terms, Singapore’s construction industry registered positive growth during the review period (2012–2016). Despite a slowdown in growth due to the impact of the global financial crisis, the industry registered a modest performance, supported by government efforts to stabilize the economy, industrial activity, and public sector investments in residential projects. The industry’s output value in real terms rose at a compound annual growth rate (CAGR) of 3.75% during the review period. Read More

Vietnam IM: Singapore: Machinery of Building and Construction Industry data was reported at 1.931 USD mn in 2015. This records a decrease from the previous number of 4.625 USD mn for 2014. Vietnam IM: Singapore: Machinery of Building and Construction Industry data is updated yearly, averaging 23.670 USD mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 69.166 USD mn in 2009 and a record low of 1.931 USD mn in 2015. Vietnam IM: Singapore: Machinery of Building and Construction Industry data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.JA005: Trade Statistics: By Country and Commodity: Value: Annual.