(MENAFNEditorial)
We continue to expect construction and infrastructure growth in Singapore to moderate over the 2015-2020 period. Real growth for the construction sector is forecasted to moderate slightly from 4.0% in 2015 to 3.9% in 2020 while real growth for the infrastructure sector is expected to fall from 7.0% in 2015 to 6.2% in 2020. This moderation is primarily due to declining housing demand longer construction periods for planned infrastructure projects and a poor export outlook which could curb investment in non-residential buildings.
Key Trends And Developments
* In January 2015 Senior Minister of State For National Development Lee Yi Shyan announced that the Building and Construction Authority (BCA) estimates that between SGD29bn and USD36bn worth of construction projects will be awarded in 2015. While the BCA expects this to maintain momentum in the construction sector the estimate is notably below the SGD38bn figure seen in 2014.
* The BCA projects that the private sector's contribution to the construction sector will retreat to between SGD11-15bn in 2015 with the public sector contributing between SGD18bn and SGD21bn or approximately 60 percent. In particular private residential construction looks to be in for a weak performance as slipping real estate prices and high levels of supply begin to weigh. In line with our Country Risk team's expectations for an ongoing correction in the market as interest rates begin to rise over the coming quarters we believe that this trend will likely remain in play throughout the entirety of 2015.
* In December 2014 Jewel Changi Airport Trustee (JCAT) started building a mixed-use complex called Jewel Changi Airport which will be developed in front of the Changi Airport's Terminal 1 in Singapore. JCAT is a joint venture (JV) between Changi Airport Group and CapitaMalls Asia. The project will comprise hotel retail offerings and facilities for airport operations. The complex will have five floors above...
Full Report Details at
- http://www.fastmr.com/prod/953267_singapore_infrastructure_report_q2_2015.aspx?afid=101
The Singapore Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects including transportation and logistics by land sea and air; power plants and utilities and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's Singapore Infrastructure Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Singaporean infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for Singapore to test other views - a key input for successful budgetary and planning in the Singaporean infrastructure market.
* Target business opportunities and risks in the Singaporean infrastructure sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Singapore.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering infrastructure and construction regulatory changes major investments and projects and significant national and multinational company developments. These are broken down into construction (social commercial and residential) transport (roads railways ports airports etc) and energy & utilities (powerplants pipelines and so on).
Industry SWOT Analysis
Analysis of the major strengths weaknesses opportunities and threats within the infrastructure and construction sectors and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators supported by explicit assumptions plus analysis of key developments in the market and risks to the main forecasts. Indicators include:
Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).
Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads railways airports and ports and the energy and utilities sub-sectors of power plants and transmission grids oil & gas pipelines and water infrastructure. This dataset is unique to the market.
The reports also include analysis of latest projects across the infrastructure sectors (transport utilities commercial construction).
BMI’s Infrastructure Risk Reward Index
BMI’s Risk Reward Index provides investors (construction companies suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points. These provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry including the key financial figures from some of the largest players in the sector.
Company Profiles*
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