Construction Sector in Singapore 2013

An Expert's View about Building Products and Construction in Singapore

Last updated: 28 Oct 2013

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Total construction demand in 2013 is likely to be between £13.billion to £16 billion.

Construction Sector in Singapore Total construction demand in 2013 is likely to be between £13.billion to £16 billion. The Building and Construction Authority (BCA) demand forecast model projected GDP growth by the Ministry of Trade & Industry (MTI)I and prevailing market sentiments, the average construction demand is projected to be between £10 billion and £14 billion per annum in 2014 and 2015. Market overview Total of 370 public sector tenders are expected to be called in 2013 with about 53% and 47% contributed by building and civil engineering projects respectively. Public Sector demand is expected to £7-£8 billion whilst private sector is expected to be £6.1 billion to £7.7 billion. A total of 292 construction consultancy tenders are expected to be called in 2013. Total civil engineering construction demand is projected to be £3.3 billion and £3.94 billion. In 2013 strong demand for civil engineering will be notably in the construction of the Thomson MRT Line and expansion of highways. Total construction output is projected to rise between £15 billion and £16 billion in 2013 before moderating to between £11 billion and £15 billion per year in 2014 and 2015 Key opportunities ξ Opportunities in the rail sector ξ Very large floating structures (VLFS) for oil products and petrochemical storage (2013 onwards) ξ A new centre for the Home Affairs team (2013 onwards) ξ Changi Airport terminal 4 ξ High Speed Rail – expected to be completed in 2020 Latest export opportunities – Construction Sector Latest export opportunities – Singapore Getting into the market Public procurement is a key route into the Singapore railways sector using the government procurement portal, GEBIZ. Government tenders will be listed this way and companies can bid direct, with a partner or via agents. It is typical to expect some sort of local support for a product or service, post contract award, which may need to be highlighted during the bid process. Find general information on Singapore market conditions on UKTI’s website. More about doing business in the Singapore
Posted: 05 June 2013, last updated 28 October 2013

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