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Singapore Construction Market is expected a CAGR of 1.79% Over the Forecast Period

Singapore Construction Market World
Singapore’s construction market suffered a sharp downturn in 2017, contracting by 7.9% in real terms that year, following an average annual growth of 3.4% during the preceding four years. This decline can be attributed to low private sector investment in construction and government measures to curb rising residential property prices. Singapore’s construction industry is expected to contract further in real terms, by 2.6% in 2018, before regaining growth momentum. Over the remaining part of the forecast period (2018–2022), however, the industry is expected to recover, mainly due to the government’s focus on the manufacturing industry and energy and utilities infrastructure. 

The industry is expected to be supported by improvements in business confidence over the forecast period, which will drive investment in infrastructure, commercial, residential projects and energy infrastructure. The focus on the development of renewable energy infrastructure is expected to drive industry growth. The government aims to generate 25.0% of the country’s total electricity consumption from renewable sources by 2025, compared with 12.6% in 2016. The industry’s output value in real terms is expected to post a compound annual growth rate (CAGR) of 1.79% over the forecast period, compared to 0.52% during the review period (2013-2017). 

Request a Free Sample Copy of Report on Construction Market in Singapore @   https://www.radiantinsights.com/research/construction-in-singapore-key-trends-and-opportunities-to-2022/request-sample

 Summary 

Construction in Singapore - Key Trends and Opportunities to 2022 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 construction activity. 
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Singapore’s construction industry.
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Browse the Full Construction Market in Singapore- Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast to 2022 Report at - https://www.radiantinsights.com/research/construction-in-singapore-key-trends-and-opportunities-to-2022

Scope This report provides a comprehensive analysis of the construction industry in Singapore.

It provides: 

• Historical (2013–2017) and forecast (2018–2022) valuations of the construction industry in Singapore, featuring details of key growth drivers. 
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector 
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants 

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