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Residential Construction in Singapore

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    Report

  • 41 Pages
  • May 2025
  • Region: Singapore
  • MarketLine
  • ID: 5992436
Residential Construction in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Residential construction refers to the process of building structures primarily intended for people to live in. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
  • The Singaporean residential construction market recorded revenues of $8.50 billion in 2024, representing a compound annual growth rate (CAGR) of 11.7% between 2019 and 2024.
  • The new construction segment accounted for the market's largest proportion in 2024, with total revenues of $5.77 billion, equivalent to 68% of the market's overall value.
  • Singapore accounted for a 0.4% share of the Asia-Pacific residential construction market in 2024.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the residential construction market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the residential construction market in Singapore
  • Leading company profiles reveal details of key residential construction market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore residential construction market with five year forecasts

Reasons to Buy

  • What was the size of the Singapore residential construction market by value in 2024?
  • What will be the size of the Singapore residential construction market in 2029?
  • What factors are affecting the strength of competition in the Singapore residential construction market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Singapore's residential construction market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What government initiatives are currently affecting the market?
7.4. What are the most recent market developments?
8 Company Profiles
8.1. Lian Beng Group Ltd
8.2. Tiong Seng Holdings Ltd
8.3. Lum Chang Holdings Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Singapore residential construction sector value: $ million, 2019-24
Table 2: Singapore residential construction sector category segmentation: % share, by value, 2019-24
Table 3: Singapore residential construction sector category segmentation: $ million, 2019-24
Table 4: Singapore residential construction sector geography segmentation: $ million, 2024
Table 5: Singapore residential construction sector value forecast: $ million, 2024-29
Table 6: Lian Beng Group Ltd: Key Facts
Table 7: Lian Beng Group Ltd: Key Employees
Table 8: Tiong Seng Holdings Ltd: Key Facts
Table 9: Tiong Seng Holdings Ltd: Annual Financial Ratios
Table 10: Tiong Seng Holdings Ltd: Key Employees
Table 11: Lum Chang Holdings Ltd: Key Facts
Table 12: Lum Chang Holdings Ltd: Annual Financial Ratios
Table 13: Lum Chang Holdings Ltd: Key Employees
Table 14: Singapore Size of Population (Million), 2020-24
Table 15: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 17: Singapore Inflation, 2020-24
Table 18: Singapore Consumer Price Index (Absolute), 2020-24
Table 19: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore residential construction sector value: $ million, 2019-24
Figure 2: Singapore residential construction sector category segmentation: $ million, 2019-24
Figure 3: Singapore residential construction sector geography segmentation: % share, by value, 2024
Figure 4: Singapore residential construction sector value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the residential construction sector in Singapore, 2024
Figure 6: Drivers of buyer power in the residential construction sector in Singapore, 2024
Figure 7: Drivers of supplier power in the residential construction sector in Singapore, 2024
Figure 8: Factors influencing the likelihood of new entrants in the residential construction sector in Singapore, 2024
Figure 9: Factors influencing the threat of substitutes in the residential construction sector in Singapore, 2024
Figure 10: Drivers of degree of rivalry in the residential construction sector in Singapore, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Lian Beng Group Ltd
  • Tiong Seng Holdings Ltd
  • Lum Chang Holdings Ltd