The industry’s growth in 2025 will also be supported by investments announced in the financial year (FY) 2026-27 (April 2026 to March 2027) Budget, announced in February 2026. The budget includes an expenditure of SGD137.3 billion ($103.9 billion), marking a 10.3% increase from FY2024-25. The latest budget prioritizes infrastructure, social development, and economic resilience. It allocates SGD34.1 billion ($25.8 billion) for development projects and SGD103.3 billion ($78.2 billion) for operations. In January 2026, the Building and Construction Authority (BCA) had projected that Singapore's total construction demand will average SGD39 billion ($29.5 billion) to SGD46 billion ($34.8 billion) per year from 2027 to 2030.
The construction industry is projected to grow at an average annual rate of 4% between 2027 to 2030, supported by investments in transport and energy projects, coupled with the government’s target of achieving net-zero emissions by 2050. The Prime Minister Lawrence Wong reported in early February 2026, through the 2026 budget, that Singapore has already reached the country’s 2030 solar deployment target of two Gigawatt-peak (GWp) of solar power, ahead of schedule, and increased the solar deployment target to three GWp by 2030. In July 2025, Singapore’s Long-Term Plan Review (LTPR), led by the Urban Redevelopment Authority, 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 to 360km by the 2030s. Growth during the forecast period will be driven by the Land Transport Authority's (LTA) Master Plan 2040. Under the plan, the government plans to invest an estimated amount of SGD34.4 billion ($26 billion) to construct railway stations, transit priority corridors (TPCs), and 700km of cycling paths by 2030, with ambitions to expand to 1,000km by 2040
The Construction in Singapore - Key Trends and Opportunities to 2030 (Q1 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.
Report 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

