Title: Singapore Residential Construction Sector, Singapore Construction Market Share - Ken Research
1Government Investment in Rail and Road
Infrastructure to Boost Construction in
Singapore Ken Research
2Ken research announced recent publication on
Construction in Singapore, Key Trends and
Opportunities to 2021. The report provides a
comprehensive analysis on the construction
industry of Singapore. It provides an in depth
analysis on the market, equipment, material and
service costs for each project type in Singapore,
gives a critical insight into the impact of
industry trends and issues, and the risks and
opportunities they present to participants in
Singapore's construction industry. Further, it
provides the Singaporean construction industrys
growth prospects by market type, project type,
construction activity and gives details profiles
of the leading operator in the Singapore
construction industry.
3Singapore is one of the most open, least corrupt
and amongst the most developed economies of the
world. It has a GDP of USD 307.872 bn and is
ranked 36th in the world (world bank statistics).
The industry sector occupies 25 of the GDP while
the service sector has 75. The inflation rate
and unemployment level is low and stable. Its
corporate tax rate is at 17, the lowest in the
Asia-pacific region. It was the first Asian
nation accredited with the AAA rating. The
strength of this economy lies in its stable
political and sound economic system. The nation
is known for its excellent business environment
and banking sector. Singapore has emerged as a
high income country that is major trading
regional and global hub for financial and trading
services. Thus, this nation has become one of the
very few nation, which has current account
surplus, ample foreign reserves and very low
public external debt. However, on the other hand
Singapore is highly dependent on exports, has a
quite volatile.
4- Singapore is the second most densest sovereign
state with a population of 5.69 billion spread
over an area of. The nation has a multiracial and
multicultural population but is dominated by
people of Chinese ethnicity. The fertility rate
is quite low, around 1.25 and has been a concern
for the government. The literacy rate (97) is
one of the highest in the world and the
unemployment rate is low. The average life
expectancy is approximately 83 years. The per
capita income at 52, ooo USD in terms of PPP is
the third highest in the world economic growth,
paucity of highly skilled professionals and very
high old age dependency ratio. - The construction industry in Singapore has shown
positive growth in the time period (2012-2016).
The government allocated over 200 million pound
to boost the rail and road infrastructure
worldwide. As the Singaporean government has
increased the public spending it will not only
boost the infrastructure but also give an added
leverage to the construction market in the
upcoming years.
5- The civil engineering construction demand is
expected to to be strong as projects like new MRT
lines, the North-South Expressway, associated
infrastructure. works for Changi Airport Terminal
5 and phase 2 of the Deep Tunnel Sewerage System
has been undertaken. However, last year in an
press conference a senior minister of State for
National Development Desmond Lee said that
private sector construction demand has slowed but
Singapore has a hefty pipeline of public sector
projects, of which is needed for Singapores
long-term needs. - Companies Covered
- United Engineers Ltd, Chip Eng Seng Corporation
Ltd, Lian Beng Group, Sim Lian Group Ltd, BBR
Holdings
6- Key Topics Covered in the Report
- Singapore Construction Industry Research Report
- Singapore Institutional Construction Market
- New Institutional Projects Singapore
- Singapore Construction Market Players
- Singapore Infrastructure Industry Trends
- Singapore Residential Construction Sector
- Singapore Real Estate Industry
- Singapore Commercial Construction Market
- Singapore Construction Industry Future Outlook
- For more coverage click on the link below
- https//www.kenresearch.com/manufacturing-and-cons
truction/infrastructure/construction-singapore-key
-trends-opportunities/82331-97.html
7Related links https//www.kenresearch.com/manufac
turing-and-construction/infrastructure/worldwide-c
onstruction-industry-research-report/115-97.html
https//www.kenresearch.com/manufacturing-and-cons
truction/real-estate/residential-construction-sing
apore/34319-97.html https//www.kenresearch.com/m
anufacturing-and-construction/real-estate/non-resi
dential-construction-singapore/26005-97.html Cont
act UsKen ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-9015378
249
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