| According to IMARC Group’s latest report titled "Singapore Construction Market Report by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities), Region (North-East, Central, West, East, North), and Forecast 2026-2034", this study offers a comprehensive analysis of the industry's steady growth driven by public sector demand and sustainable urban renewal. The study offers a profound analysis of the industry, encompassing Singapore construction industry outlook 2025, share, size, growth factors, key trends, and regional insights. The report covers critical market dynamics, including the impact of the Green Plan 2030, the adoption of Design for Manufacturing and Assembly (DfMA), and the extensive pipeline of infrastructure projects such as the Cross Island Line and Changi Airport Terminal 5. Market At-A-Glance: Key Statistics (2026-2034): - Current Market Size (2025): USD 40,849.3 Million
- Projected Market Size (2034): USD 57,995.5 Million
- Growth Rate (CAGR): 3.77%
- Dominant Sector: Residential and Infrastructure (Driven by HDB pipeline and MRT expansion)
Request Free Sample Report (Exclusive Offer on Corporate Email): https://www.imarcgroup.com/singapore-construction-market/requestsample Singapore Construction Market Overview The Singapore construction market size reached USD 40,849.3 Million in 2025. Looking forward, IMARC Group expects the market to reach USD 57,995.5 Million by 2034, exhibiting a growth rate (CAGR) of 3.77% during 2026-2034. The market is witnessing a structural transformation, primarily driven by the government’s unwavering commitment to infrastructure modernization and urban renewal. The Building and Construction Authority (BCA) projects robust construction demand, heavily supported by public sector contracts which account for a significant portion of the total value. Major projects including the Cross Island Line (CRL), Toa Payoh Integrated Development, and public housing (HDB) ramp-ups are fueling activity. Furthermore, the private sector is recovering with redevelopment of en-bloc sites and refurbishment of commercial properties to meet new sustainability standards. The industry is also pivoting towards higher productivity through the mandatory adoption of productive construction methods like Prefabricated Prefinished Volumetric Construction (PPVC). Top Emerging Trends in the Singapore Construction Market: - Sustainable Urban Renewal: The government is actively focusing on rejuvenating older city areas, studying existing structures like ports and industrial buildings for potential integration into modern developments.
- Adoption of Green Buildings: There is a significant shift towards environmentally friendly construction, with a strong emphasis on achieving sustainability goals through the implementation of green building standards and technologies.
- Technological Integration: The industry is increasingly adopting advanced construction technologies, including smart city innovations and digital solutions, to enhance efficiency, safety, and productivity in project execution.
- Private Sector Involvement: A growing trend indicates a public desire for increased private sector participation in infrastructure development to potentially address concerns regarding public transport reliability and service quality.
- Workforce Up-skilling: To support the modernization of the sector, there is a concerted effort to up-skill the construction workforce, enabling them to effectively utilize new technologies and methods.
Singapore Construction Market Growth Factors (Drivers) - Public Infrastructure Investment: Significant government funding is being directed towards expanding transportation networks, public housing, and healthcare facilities to meet the needs of a growing population.
- Foreign Direct Investment: The market is buoyed by increasing foreign investment, which brings in necessary capital and expertise to support large-scale construction and redevelopment projects across the country.
- Urban Redevelopment Authority Initiatives: Strategic planning by the URA to enhance land use efficiency and city landscapes is a major catalyst for new construction and renovation activities.
- Demand for Residential Redevelopment: A strong and sustained demand for upgrading residential spaces drives continuous activity in the housing sector, supporting long-term market growth.
- Transport Network Expansion: Ongoing projects to improve and expand the reliability of road and rail networks are creating substantial opportunities for civil engineering and infrastructure companies.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/singapore-construction-market Market Segmentation Analysis by Sector: - Residential (Dominant segment due to robust public housing projects and private condo launches)
- Infrastructure (Transportation) (High growth driven by MRT lines and road corridors)
- Commercial
- Industrial
- Energy and Utilities
Analysis by Region: - North-East
- Central (Hub for high-value commercial and luxury residential projects)
- West (Focus on industrial and innovation districts like Jurong)
- East
- North
Singapore Construction Market Recent Developments & News - May 2025: The Land Transport Authority (LTA) awarded major civil contracts for the next phase of the MRT Cross Island Line, boosting the order books of civil engineering firms.
- April 2025: Surbana Jurong launched a new AI-powered platform to enhance project oversight and sustainability tracking for large-scale developments.
- Sustainable Finance: Keppel achieved the first close of its Sustainable Urban Renewal Fund, signaling strong investor appetite for retrofitting assets in Singapore.
Why Buy This Report? (High-Value Insights) - Granular Segmentation: Detailed analysis of Public vs. Private sector demand, helping contractors align their tender strategies.
- Regional Hotspots: In-depth breakdown of development clusters in Jurong Lake District versus Changi Region, identifying prime growth zones.
- Future-Ready Trends: Insights into the commercial viability of Mass Engineered Timber (MET) and Green Concrete, highlighting the next frontier of sustainable materials.
Key Highlights of the Report - Market Forecast (2025-2033): Quantitative data on market value and steady growth trajectory.
- Competitive Landscape: Comprehensive analysis of key market players, their project portfolios, and digital transformation strategies.
- Strategic Analysis: Porter’s Five Forces analysis and SWOT assessment of the Singapore construction ecosystem.
- Technological Trends: Insights into advancements in Integrated Digital Delivery (IDD) and smart facilities management.
Get Your Customized Market Report Instantly: https://www.imarcgroup.com/request?type=report&id=23737&flag=E Customization Note: If you require specific data we can provide it as part of our customization services. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302 |
