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Construction In Singapore Key Trends And Opportunities To 2018 Market Size, Shares, Trend, Growth, Research And Statistics

1214 words - 5 pages

  

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.
...view middle of the document...

researchmoz.us/construction­in­singapore­key­trends­and­
opportunities­to­2018­report.html 
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 long­term 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 large­scale investment in the waste­processing 
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 waste­to­energy plant that will produce 140 
tonnes of steam per hour from commercial and industrial waste.
...

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