Construction in Singapore - Key Trends and Opportunities to 2018

Published: Sep, 2014 | Pages: 75 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into Singapore's construction industry including:
Singapore's construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Singapore
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Singapore's construction industry
Profiles of the leading operators in Singapore's construction industry.
Data highlights of the largest construction projects in Singapore 

Summary
Singapore's construction industry recorded a nominal compound annual growth rate (CAGR) of 2.64% during the review period (2009-2013), with growth being driven primarily by industrial, infrastructure and residential construction activities, which collectively generated 78.0% of the industry's total value in 2013. The outlook for construction is favorable, as a result of the government's focus on major infrastructure and residential construction activities. Higher demand for institutional projects and investments in commercial and industrial projects will also support the construction industry, with the country's rise as an economic hub. The construction industry's output is therefore expected to record a forecast-period (2013-2018) CAGR of 4.91%. 
Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Singapore using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Singapore 
Reason To Buy
 Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 According to the Building and Construction Authority (BCA), which develops and regulates Singapore's building and construction industry, total construction demand (the value of construction contracts awarded) increased from SGD30.8 billion (US$24.6 billion) in 2012 to SGD35.8 billion (US$28.6 billion) in 2013, while construction output reached SGD33.0 billion (US$26.4 billion) in the same year. Of the total value awarded in 2013, the value of contracts for the public sector was 14.8 billion (US$11.8 billion), while for the private sector it was SGD21.0 billion (US$16.8 billion).
Singapore has become one of Asia's leading petrochemical and refining hubs. It does not have any domestic oil reserves, and depends on crude oil imports to meet the growing demand for petrochemical products, supporting growth of the petrochemical and refining sector. The government is promoting long-term growth in its refining capacity to maintain the country's leading position in refining and oil trading, and offers tax breaks to companies investing in the petrochemical sector. Growth in the refinery buildings category will be driven by rising demand over the forecast period, and the country's efforts to remain competitive in the refining sector.
According to the National Environment Agency (NEA), the amount of solid waste generated in the country increased from 7.3 million tonnes in 2012 to 7.9 million tonnes in 2013. The government aims to achieve a recycling rate of 65% by 2020, and 70% by 2030; this is likely to attract large-scale investment in the waste-processing plants category over the forecast period. In 2013, Sembcorp industries, a leading energy, water and marine group based in Singapore, announced plans to invest SGD250 million (US$200.0 million) to construct a waste-to-energy plant that will produce 140 tonnes of steam per hour from commercial and industrial waste.
According to the Asia-Pacific Economic Cooperation (APEC), energy demand in Singapore is projected to rise from 36TWh in 2009 to 51TWh by 2035. According to the Sustainable Energy Association of Singapore (SEAS), the country's renewable energy has potential to generate 10% of total electricity demand by 2020, without government subsidies), compared to present levels of less than 1%. For this, the country will need investment of SGD4.0 billion (US$3.2 billion) from private companies for 12 years.
In 2013, the government announced the first half of the 2014 Government Land Sale (GLS) program, comprising eight confirmed and 15 reserve-list sites. The confirmed list includes seven private residential sites and one commercial, while the reserve list includes 13 private residential sites. Together these sites will supply 11,600 private residential units, including 2,800 EC units. The government announced the second half of the GLS program in June 2014, which will supply 10,200 residential units, including 1,500 ECs. This will support the residential construction market's growth over the forecast period.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Sim Lian Group Ltd
8.1 Sim Lian Group Ltd - Company Overview
8.2 Sim Lian Group Ltd - Main Services
8.3 Sim Lian Group Ltd - History
8.4 Sim Lian Group Ltd - Company Information
8.4.1 Sim Lian Group Ltd - key competitors
8.4.2 Sim Lian Group Ltd - key employees
9 Company Profile: Chip Eng Seng Corporation Ltd
9.1 Chip Eng Seng Corporation Ltd - Company Overview
9.2 Chip Eng Seng Corporation Ltd - Business Description
9.3 Chip Eng Seng Corporation Ltd - Main Products and Services
9.4 Chip Eng Seng Corporation Ltd - History
9.5 Chip Eng Seng Corporation Ltd - Company Information
9.5.1 Chip Eng Seng Corporation Ltd - key competitors
9.5.2 Chip Eng Seng Corporation Ltd - key employees
10 Company Profile: United Engineers Ltd
10.1 United Engineers Ltd - Company Overview
10.2 United Engineers Ltd - Business Description
10.3 United Engineers Ltd - Main Services
10.4 United Engineers Ltd - History
10.5 United Engineers Ltd - Company Information
10.5.1 United Engineers Ltd - key competitors
10.5.2 United Engineers Ltd - key employees
11 Company Profile: Lian Beng Group Ltd
11.1 Lian Beng Group Ltd - Company Overview
11.2 Lian Beng Group Ltd - Main Products and Services
11.3 Lian Beng Group Ltd - History
11.4 Lian Beng Group Ltd - Company Information
11.4.1 Lian Beng Group Ltd - key competitors
11.4.2 Lian Beng Group Ltd - key employees
12 Company Profile: BBR Holdings (S) Ltd
12.1 BBR Holdings (S) Ltd - Company Overview
12.2 BBR Holdings (S) Ltd - Main Services
12.3 BBR Holdings (S) Ltd - History
12.4 BBR Holdings (S) Ltd - Company Information
12.4.1 BBR Holdings (S) Ltd - key competitors
12.4.2 BBR Holdings (S) Ltd - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - JTC - Mediapolis@One North Global Media City - Buo Vista
Table 3: Commercial Construction Project 2 - Capitaland/CCT/MEA - CapitaGreen Office Tower Development - Singapore
Table 4: Commercial Construction Project 3 - Katong - East Coast Road Hotels Development - Singapore
Table 5: Industrial Construction Project 1 - NVS - Tuas Biotechnology Facility - Singapore
Table 6: Industrial Construction Project 2 - ABBV - Pharmaceutical Manufacturing Plant - Singapore
Table 7: Industrial Construction Project 3 - SCI - Jurong Island Energy-from-Waste Plant - Singapore
Table 8: Infrastructure Construction Project 1 - LTA - Metro Rail Transit Lines - Singapore
Table 9: Infrastructure Construction Project 2 - LTA - Downtown MRT Line - Singapore
Table 10: Infrastructure Construction Project 3 - LTA - North-South Expressway - Singapore
Table 11: Institutiol Construction Project 1 - SingHealth - Sengkang General and Community Hospitals - Singapore
Table 12: Institutiol Construction Project 2 - JHS - Jurong Twin Hospital Development - Singapore
Table 13: Institutiol Construction Project 3 - NHB - tiol Gallery Singapore - Singapore
Table 14: Residential Construction Project 1 - CapitaLand - D'LeedonFarrer Court Residential Development - Singapore
Table 15: Residential Construction Project 2 - HDB - Eight Riversuites Residential Development - Singapore
Table 16: Residential Construction Project 3 - Keppel Land - Kim Tian Road Residential Development - Singapore
Table 17: Sim Lian Group Ltd, Key Facts
Table 18: Sim Lian Group Ltd, Main Services
Table 19: Sim Lian Group Ltd, History
Table 20: Sim Lian Group Ltd, Key Employees
Table 21: Chip Eng Seng Corporation Ltd, Key Facts
Table 22: Chip Eng Seng Corporation Ltd, Main Products and Services
Table 23: Chip Eng Seng Corporation Ltd, History
Table 24: Chip Eng Seng Corporation Ltd, Key Employees
Table 25: United Engineers Ltd, Key Facts
Table 26: United Engineers Ltd, Main Services
Table 27: United Engineers Ltd, History
Table 28: United Engineers Ltd, Key Employees
Table 29: Lian Beng Group Ltd, Key Facts
Table 30: Lian Beng Group Ltd, Main Products and Services
Table 31: Lian Beng Group Ltd, History
Table 32: Lian Beng Group Ltd, Key Employees
Table 33: BBR Holdings (S) Ltd, Key Facts
Table 34: BBR Holdings (S) Ltd, Main Services
Table 35: BBR Holdings (S) Ltd, History
Table 36: BBR Holdings (S) Ltd, Key Employees
Table 37: Singapore's Construction Output by Project Type (SGD Million), 2009-2013
Table 38: Singapore's Construction Output by Project Type (SGD Million), 2013-2018
Table 39: Singapore's Construction Output by Cost Type (SGD Million), 2009-2013
Table 40: Singapore's Construction Output by Cost Type (SGD Million), 2013-2018
Table 41: Singapore's Construction Output by Activity Type (SGD Million), 2009-2013
Table 42: Singapore's Construction Output by Activity Type (SGD Million), 2013-2018
Table 43: Singapore's Construction Value Add by Project Type (SGD Million), 2009-2013
Table 44: Singapore's Construction Value Add by Project Type (SGD Million), 2013-2018
Table 45: Singapore's Commercial Construction Output by Project Type (SGD Million), 2009-2013
Table 46: Singapore's Commercial Construction Output by Project Type (SGD Million), 2013-2018
Table 47: Singapore's Commercial Construction Output by Cost Type (SGD Million), 2009-2013
Table 48: Singapore's Commercial Construction Output by Cost Type (SGD Million), 2013-2018
Table 49: Singapore's Commercial Construction Output by Activity Type (SGD Million), 2009-2013
Table 50: Singapore's Commercial Construction Output by Activity Type (SGD Million), 2013-2018
Table 51: Singapore's Commercial Construction Value Add by Project Type (SGD Million), 2009-2013
Table 52: Singapore's Commercial Construction Value Add by Project Type (SGD Million), 2013-2018
Table 53: Singapore's Industrial Construction Output by Project Type (SGD Million), 2009-2013
Table 54: Singapore's Industrial Construction Output by Project Type (SGD Million), 2013-2018
Table 55: Singapore's Industrial Construction Output by Cost Type (SGD Million), 2009-2013
Table 56: Singapore's Industrial Construction Output by Cost Type (SGD Million), 2013-2018
Table 57: Singapore's Industrial Construction Output by Activity Type (SGD Million), 2009-2013
Table 58: Singapore's Industrial Construction Output by Activity Type (SGD Million), 2013-2018
Table 59: Singapore's Industrial Construction Value Add by Project Type (SGD Million), 2009-2013
Table 60: Singapore's Industrial Construction Value Add by Project Type (SGD Million), 2013-2018
Table 61: Singapore's Infrastructure Construction Output by Project Type (SGD Million), 2009-2013
Table 62: Singapore's Infrastructure Construction Output by Project Type (SGD Million), 2013-2018
Table 63: Singapore's Infrastructure Construction Output by Cost Type (SGD Million), 2009-2013
Table 64: Singapore's Infrastructure Construction Output by Cost Type (SGD Million), 2013-2018
Table 65: Singapore's Infrastructure Construction Output by Activity Type (SGD Million), 2009-2013
Table 66: Singapore's Infrastructure Construction Output by Activity Type (SGD Million), 2013-2018
Table 67: Singapore's Infrastructure Construction Value Add by Project Type (SGD Million), 2009-2013
Table 68: Singapore's Infrastructure Construction Value Add by Project Type (SGD Million), 2013-2018
Table 69: Singapore's Institutiol Construction Output by Project Type (SGD Million), 2009-2013
Table 70: Singapore's Institutiol Construction Output by Project Type (SGD Million), 2013-2018
Table 71: Singapore's Institutiol Construction Output by Cost Type (SGD Million), 2009-2013
Table 72: Singapore's Institutiol Construction Output by Cost Type (SGD Million), 2013-2018
Table 73: Singapore's Institutiol Construction Output by Activity Type (SGD Million), 2009-2013
Table 74: Singapore's Institutiol Construction Output by Activity Type (SGD Million), 2013-2018
Table 75: Singapore's Institutiol Construction Value Add by Project Type (SGD Million), 2009-2013
Table 76: Singapore's Institutiol Construction Value Add by Project Type (SGD Million), 2013-2018
Table 77: Singapore's Residential Construction Output by Project Type (SGD Million), 2009-2013
Table 78: Singapore's Residential Construction Output by Project Type (SGD Million), 2013-2018
Table 79: Singapore's Residential Construction Output by Cost Type (SGD Million), 2009-2013
Table 80: Singapore's Residential Construction Output by Cost Type (SGD Million), 2013-2018
Table 81: Singapore's Residential Construction Output by Activity Type (SGD Million), 2009-2013
Table 82: Singapore's Residential Construction Output by Activity Type (SGD Million), 2013-2018
Table 83: Singapore's Residential Construction Value Add by Project Type (SGD Million), 2009-2013
Table 84: Singapore's Residential Construction Value Add by Project Type (SGD Million), 2013-2018
Table 85: Timetric Construction Market Definitions