Singapore Information Technology Report Q1 2013
Business Monitor International, January 2013, Pages: 88
BMI View:
Real growth for the construction industry significantly exceeded government estimates in H112, due to a surge in residential and non-residential building activity. As such, we have revised up our construction real growth forecasts to 8.6% in 2012 (previously 5.1%). Looking at 2013, we expect construction activity to slowdown, but to a reasonably robust level, due to the large pipeline of infrastructure projects, and the launch of another round of quantitative easing in the US. Real growth for the construction sector in 2013 is now forecast to reach 4.9%, compared to a previous forecast of 3.5%.
The key drivers affecting construction growth are:
- In August 2012, the Singapore Transport Authority finalised the design for the SGD18bn
(US$14.6bn) Thomson railway project. The 30km Thomson line is expected to start the land acquisition process in 2012 and be fully completed by 2021.
- In September 2012, Singapore's only electricity utility, SP Power, announced that it has awarded the construction contracts for the SGD2bn (US$1.6bn) Transmission Cable Tunnel Project. The project is expected to start end-2012 and be completed by 2018.
- In September 2012, Singapore's only airport operator, Changi Airport Group, closed its budget terminal. This is expected to pave the way for the construction of a fourth terminal in 2013. The new terminal is expected to be completed by 2017.
- In October 2012, Singapore's only port operator PSA Singapore Terminals revealed plans to invest SGD3.5bn (US$2.85bn) for the development of phases 3 and 4 of its Pasir Panjang Terminal. The phases will involve the construction of several new terminals and they will be fully completed over the decade.
BMI Industry View 5
SWOT Analysis 6
Singapore Infrastructure SWOT 6
Market Overview 7
Singapore 7
Competitive Landscape 9
Table: EQS Data 9
Building Materials 10
Asia 10
Industry Forecast Scenario 17
Table: Construction And Infrastructure Industry Data, 2010 - 2016 17
Table: Construction And Infrastructure Long Term Forecast, 2015 - 2021 18
Construction And Infrastructure Forecast Scenario 20
Transport Infrastructure 26
Table: Transport Infrastructure Industry Data, 2010 - 2016 26
Table: Transport Infrastructure Long Term Forecast, 2015-2021 28
Transport Infrastructure Outlook and Overview 31
Title: Competitiveness Of Singapore's Infrastructure 32
Factbox - Thomson Line Project Stages 33
Major Projects Table - Transport 36
Table: Major Projects - Transport 36
Energy And Utilities Infrastructure 40
Table: Energy and Utilities Infrastructure Industry Data, 2010 - 2016 40
Table: Energy and Utilities Infrastructure Long Term Forecast, 2015 - 2021 41
Energy And Utilities Infrastructure Outlook and Overview 43
Major Projects Table - Energy And Utilities 47
Table: Major Projects - Energy and Utilities 47
Residential/Non-Residential Construction And Social Infrastructure 49
Table: Residential and Non-residential Building Industry Data, 2010 - 2016 49
Table: Residential and Non-residential Building Industry Long Term Forecast, 2015 - 2021 49
Residential/Non-Residential Construction and Social Infrastructure Overview 50
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure 54
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure 54
Risk/Reward Ratings 57
Singapore's Risk/Reward Ratings 57
Rewards 57
Risks 57
Regional Overview 58
Asia Pacific Infrastructure Risk/Reward Ratings 58
Asia Infrastructure Risk/Reward Ratings 64
Company Monitor 65
Dragages Singapore 65
Hock Lian Seng Infrastructure Limited (HLS) 66
Sembcorp Industries 67
Hyflux 70
Global Overview 74
Source: Bloomberg 80
Methodology 81
Industry Forecasts 81
Construction Industry 82
Data Methodology 82
New Infrastructure Data Sub-sectors 82
Construction 84
Capital Investment 85
Construction Sector Employment 85
Infrastructure Risk/Reward Ratings 86
Table: Infrastructure Business Environment Indicators 87
Company Monitor
Dragages Singapore
Hock Lian Seng Infrastructure Limited (HLS)
Sembcorp Industries
Hyflux
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