BMI's Executive Summary

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The Singapore construction industry comprises a large number of small and medium-sized contractors which compete with large companies that dominate the industry. This report forecasts that the industry is likely to grow at an average of 4.1% over the 2008-2012 period.

A lot of projects, such as the building of the Mass Rapid Transport (MRT) system, have been undertaken by the government to increase the use of public transportation. A number of redevelopment schemes for residential apartments are also underway. Major infrastructure projects in Singapore include: the US$3.37bn second casino resort project at Sentosa; the US$2.3bn bullet train project linking Singapore and Malaysia; the 10-lane Marina Coastal Expressway, and the US$1.8bn Kallang-Paya Lebar Expressway project.

However, the trade-reliant economy is vulnerable to fluctuations in global demand as is demonstrated by the recent sub-prime crisis in the US. This may adversely impact infrastructural investments. Singapore is heavily dependent on overseas labour for the construction industry as compared to other sectors of the economy. High development charges for properties charged by the Urban Redevelopment Authority (URA) and sky-high property prices are likely to slow industry growth.

Despite this, BMI estimates real growth in Singapore's construction industry to be 7.2% in 2007. The construction industry in Singapore is forecast to be valued at SGD8.11bn (US$5.4bn) in 2008, contributing about 3.4% of gross domestic product (GDP).

Contents

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Chapter 1 – Industry Trends And Developments

Market Overview

Singapore's Economy In 2006

Singapore's Construction Sector In 2006

Major Companies

Investment Initiatives

Chapter 2 – Key Projects

Transport

Utilities

Tourism

Residential And Commercial Construction

Table: Singapore Major Infrastructure Projects

Chapter 3 – Business Environment Rankings

Introduction

Table: Asia Business Environment Rankings

Business Environment Rankings — Methodology

Regional Overview

Singapore: Business Environment Ranking

Economics — Long–Term Risk

Politics — Long–Term Risk

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 4 – SWOT Analysis

Singapore Infrastructure Industry SWOT

Singapore Economic SWOT

Singapore Political SWOT

Singapore Business Environment SWOT

Chapter 5 – Industry Forecast Scenario

Table: Construction Industry, Historical Data And Forecasts

Chapter 6 – Macroeconomic Outlook

Strong Q4 Growth Raises 2007 Expectations

Table: GDP, Output And Population

Chapter 7 – Competitive Landscape

Table: Key Players

Chapter 8 – Company Monitor

SembCorp Engineers & Constructors

Evan Lim & Co Pte

Jurong Engineering

Lum Chang Building Contractors

CapitaLand

Chapter 9 – BMI Forecast Modelling

How We Generate Our Industry Forecasts

Construction Industry

Sources

Competitive Landscape for Asia Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Asian Infrastructure Sources

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BMI's Asian Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, infrastructure industry associations, chambers of commerce and company reports. Information sources include: