Construction Opportunities

An Expert's View about Civil Engineering in Singapore

Last updated: 19 Jul 2011

In 2010, the construction sector demand increased by 14% year on year to achieve activity or output of about £14 billion. One-third of the demand came from the public sector, with a robust private sector construction demand.

Sector briefing Construction Opportunities in Singapore 2011 Why Singapore? In 2010, the construction sector demand increased by 14% year on year to achieve activity or output of about £14 billion. One- third of the demand came from the public sector, with a robust private sector construction demand. GDP growth in Singapore during 2010 was recorded around 14.7%. For 2011, the Ministry of Trade & Industry has projected a GDP growth of 4-8%. This will translate to a gradual pick-up in the private sector construction demand. Singapore?s construction demand for 2011 is projected to reach between £11 billion and £14 billion ?The Building & this year. This is a continuation of a sustained workload from last year?s; level?s Construction Authority has likely to be comparable to 2010 demand. projected that the value of construction contracts to Find general information on the Singapore?s market conditions on UKTI?s website. The be awarded in 2011 will be Doing Business Guide for Singapore gives an between £11 and £14 overview of Singapore?s economy, business billion, and between £9.5 culture, potential opportunities and an introduction to other relevant issue. and £13 billion for 2012 and 2013.? UK Trade & Investment Sector briefing: Construction opportunities in Singapore Opportunities for UK Companies Opportunities Based on the preliminary data provided by the The Government will continue to invest in public sector agencies, a total of 253 infrastructure works. construction consultancy tenders and 283 construction tenders are expected to be called Public sector demand is likely to strengthen in 2011. this year, contributing around 55% of industry demand. Growth in areas such as Rail/Road Construction Consultancy Tenders projects (Downtown Line Stage 3, Thomson and various major road works) and institutional Of the 253 consultancy tenders, close to 80% construction demand. are likely to come from building projects and some smaller value projects (£5 million) on This will include strong public housing demand, civil engineering consultancy projects, including with construction projects of new HDB flats roads, drainage. ongoing, along with anticipated upgrading and renewal programmes and projects. Construction Tenders Private sector construction demand is expected The estimated 283 construction tenders to moderate, but some major projects are expected to be called in 2011, likely to be likely to commence construction in 2011, such distributed equally between building and civil as Scott?s Tower, H2O residences and many engineering projects. In terms of construction other condominium developments. cost category, about 56% of the construction tenders will be for smaller projects with value Total commercial construction demand is up to £6.5 million, while about 22% and about expected to be comparable with 2011, around 30% will be for projects with cost categories of £1.5 Billion. Strong office and a vibrant retail £6.5 million - £20 million and above £20 sector seems to have encouraged developers million respectively. to continue investing in the commercial pipeline with new projects expected in this area in 2011. If you have any questions on the opportunities above, contact the UKTI contacts named in this Industrial construction demand in 2011 is also report. Business opportunities aimed expected to be around £1.5 billion, with specifically at UK companies are added daily to demand for conventional industrial space on UKTI?s website. These leads are sourced by our the back of a positive economic prospects staff overseas in British Embassies, High pointing to an increasing demand. Commissions and Consulates, across all sectors and in over 100 markets. You can be alerted to business opportunities on a regular basis by registering on the UKTI website. Find out more on UKTI?s business opportunities service on the UKTI website UK Trade & Investment Sector briefing: Construction opportunities in Singapore Major events and activities UKTI contacts Neil Walker BEX ASIA Senior Trade & Investment Officer Contact: Neil Walker British High Commission Singapore Email: neil.walker@fco.gov.uk Tel: (65) 6424 4310 Time: 14 ? 16 September 2011 Email: neil.walker@fco.gov.uk www.ukti.gov.uk Held alongside BEX Asia 2011, is the International Green Building Conference Janagi Somu (IGBC) 2011 presented by the Building and Trade & Investment Officer Construction Authority, who will examine new Tel: (65) 6424 4306 topics with emphasis on sustainable operations Email: Janagi.somu@fco.gov.uk & maintenance. www.ukti.gov.uk Find full details of all events in this Sarah Croft country and sector on the UKTI website. Director, Trade New export events are added daily to the site UK Trade & Investment and you can register to be alerted to them on a British High Commission Singapore daily, weekly or monthly basis Tel: (65) 6424 4302 Email: sarah.croft@fco.gov.uk UKTI?s Tradeshow Access Programme (TAP) www.ukti.gov.uk provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events UK Trade & Investment Sector briefing: Construction opportunities in Singapore Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Singapore market are advised you to meet contacts and promote your to undertake as much market research and company in the Singapore market planning as possible in the UK. UKTI?s team in Singapore, with its wide local knowledge and This work is available via our Overseas Market experience, can provide a range of services to Introduction Service (OMIS) a chargeable British-based companies wishing to grow their service which assists British-based companies business in global markets. wishing to enter or expand their business in overseas markets. This can include: ? Provision of market information To find out more about commissioning this ? Validated lists of agents/distributors work, or accessing other UKTI services and ? Key market players or potential specialist advice, please visit the UKTI website customers in the Singapore market to find contact details for your local UKTI ? Establishment of interest of such office. contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2011 by UK Trade & Investment. Crown Copyright © You may reuse this information (not including logos, images and case studies) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit www.nationalarchives.gov.uk/doc/open-government- licence/ or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gsi.gov.uk This publication is also available from our website at www.ukti.gov.uk or for more information please telephone +44 (0)20 7215 8000. UK Trade & Investment Sector briefing: Construction opportunities in Singapore
Posted: 19 July 2011, last updated 19 July 2011

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