The construction industry in Singapore is estimated to grow by 6.2% in real terms in 2026, supported by investment in transport infrastructure and data center buildings, coupled with increase in progress payments issued. According to the Department of Statistics (DOS), the total value of progress payments issued for construction rose by 18.5% year-on-year (YoY) in March 2026, preceded by YoY growth of 27.3% in February and 12.7% in January 2026. This was preceded by an annual growth of 8.7% in 2025. In January 2026, the Building and Construction Authority (BCA) of Singapore projected a high construction demand for 2026, with up to SGD53 billion ($41.3 billion) worth of construction contracts likely to be awarded. Furthermore. In January 2026, the BCA projected that Singapore's total construction demand averaging SGD39 billion ($30.4 billion) to SGD46 billion ($35.8 billion) per year from 2027 to 2030.
Over the remainder of the forecast period, the construction industry is projected to grow at an average annual rate of 3.6% between 2027 to 2030, supported by investments in transport and energy projects, coupled with the government’s investment under the Long-Term Plan Review (LTPR), led by the Urban Redevelopment Authority, which set out a 50-year framework for sustainable growth, focusing on land use, transport, and economic priorities. A major part of the plan is rail expansion, with the Mass Rapid Transit (MRT) network set to grow from 250km in 2025 to 360km by 2030
Over the remainder of the forecast period, the construction industry is projected to grow at an average annual rate of 3.6% between 2027 to 2030, supported by investments in transport and energy projects, coupled with the government’s investment under the Long-Term Plan Review (LTPR), led by the Urban Redevelopment Authority, which set out a 50-year framework for sustainable growth, focusing on land use, transport, and economic priorities. A major part of the plan is rail expansion, with the Mass Rapid Transit (MRT) network set to grow from 250km in 2025 to 360km by 2030
The Construction in Singapore - Key Trends and Opportunities to 2030 (Q2 2026) 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.
Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides:
- Historical (2021-2025) and forecast (2026-2030) 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
Reasons to Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
