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Singapore Commercial Construction Industry - Ken Research

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Singapore's construction industry registered positive growth during the review period (2012-2016). – PowerPoint PPT presentation

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Title: Singapore Commercial Construction Industry - Ken Research


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Increase In Public Spending To Boost Construction
Industry In Singapore Ken Research
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Ken research announced its 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.
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  • 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.
  • Singapore 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.

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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 nations, 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. Singapore is the
second 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. However there is a paucity of highly
skilled professionals and has very high old age
dependency ratio.
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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. The civil engineering
construction demand is expected 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 a 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.
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  • Companies Covered
  • United Engineers Ltd, Chip Eng Seng Corporation
    Ltd, Lian Beng Group, Sim Lian Group Ltd, BBR
    Holdings
  • Key Factors Considered in the Report
  • Singapore Construction Industry Research Report
  • Singapore Construction Industry Trends
  • Singapore Construction Market Forecast
  • Global Construction Industry Research
  • Singapore Commercial Construction Industry
  • Singapore Residential Construction Market
  • New Construction Projects Singapore
  • Singapore Construction Equipment Market
  • Singapore Construction Industry Competition

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For more coverage click on the link
below https//www.kenresearch.com/manufacturing-an
d-construction/infrastructure/construction-singapo
re-key-trends-opportunities/82331-97.html Related
links https//www.kenresearch.com/manufacturing-a
nd-construction/infrastructure/worldwide-construct
ion-industry-research-report/115-97.html https//
www.kenresearch.com/manufacturing-and-construction
/real-estate/residential-construction-singapore/34
319-97.html
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https//www.kenresearch.com/manufacturing-and-cons
truction/real-estate/non-residential-construction-
singapore/26005-97.html Contact UsKen
ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-901537824
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