Singapore Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Singapore Infrastructure Report
Product Price
$1,295.00

BMI View: Singapore is home to a mature infrastructure sector, with extensive and modern transport, utilities and social infrastructure in place across the city-state. A slowdown in domestic economic growth has dampened short-term growth prospects in the construction sector, particularly in terms of residential construction, however overall growth is expected to be maintained throughout the forecast period, driven largely by public investment in transport infrastructure.

Forecast And Latest Updates

  • One of the largest projects due to enter the pipeline is the development of a high speed rail connection between Kuala Lumpur in Malaysia and Singapore - with a current estimated completion date of 2022. While no construction firms have yet been appointed, China may have an advantage following the late 2015 acquisition of a 60% stake in Bandar Malaysia by China Railway Engineer Corporation.

  • Transport infrastructure will be the main driver of growth through much of the forecast period, growing by an average 6.1% annually between 2016 and 2025. Residential and utilities will see slower growth, contributing to an overall growth forecast of 3.2% annually over the ten year forecast period.

  • Singapore has seen a slowdown in economic growth in recent quarters and the country's heavy dependence on international trade creates vulnerability in light of alarming fluctuations in key trading partner China. As such we note a downside risk to current forecasts stemming from a further economic decline.

Infrastructure - Construction Industry Forecasts (Singapore 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f 2021f
f = BMI forecast. Source: Singapore Department of Statistics, BMI
Construction industry value, SGDbn 19.44 20.03 20.99 22.07 23.30 24.57 25.89
Construction Industry Value, Real Growth, % y-o-y 2.80 2.56 2.77 2.66 3.06 2.96 2.87
Construction Industry Value, % of GDP 4.9 4.9 4.9 4.9 4.9 4.9 4.8

Risk/Reward Index

  • Singapore's score on the Infrastructure Risk/Reward Index slipped slightly in Q216, falling to 61.7 from 62.2 last quarter.

  • The country's Rewards has deteriorated, given the weakening outlook of the country's economy.

  • A stable political and regulatory environment continues to see the country in top spot in terms of Risk score.

Infrastructure Risk Reward Index (Singapore 2016-2016)
Geography Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
Singapore 61.7 51.3 32.5 86.2 85.9 90.0 83.2
BMI Industry View
7
Forecast And Latest Updates
7
Table: Infrastructure - Construction Industry Forecasts (Singapore 2014-2020)
7
Table: Infrastructure Risk Reward Index (Singapore 2015-2015)
8
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Latest Updates
11
Table: Construction And Infrastructure Industry Data (Singapore 2014-2024)
11
Table: Changi Airport Development Plan
16
Table: Factbox - Key Milestones In Singapore's Infrastructure Masterplan
18
Transport Infrastructure - Outlook And Overview
19
Latest Updates
19
Table: Transport Infrastructure Industry Data (Singapore 2014-2024)
19
Table: Competitiveness Of Singapore's Infrastructure
21
Table: Factbox - Key Infrastructure Milestones In Singapore's 2013 Land Transport Masterplan
22
Table: Factbox - Singapore Mass Rapid Transit Lines To Be Completed Between 2021-2030
22
Table: Factbox - Thomson Line Project Stages
25
Table: Changi Airport - Factbox
33
Table: Transport Projects
36
Energy And Utilities Infrastructure - Outlook And Overview
37
Latest Updates
37
Table: Energy And Utilities Infrastructure Data (Singapore 2014-2024)
37
Table: Gas Pipelines Into Singapore
40
Projects Table - Energy & Utilities
45
Table: Energy & Utilities Projects
45
Residential/Non-Residential Building - Outlook And Overview
46
Latest Updates
46
Table: Residential and Non-Residential Building Industry Data (Singapore 2014-2024)
46
Table: Construction & Social Infrastructure Projects
54
Industry Risk Reward Ratings
55
Singapore Infrastructure Risk/Reward Index
55
Rewards
55
Risks
56
Asia Pacific Infrastructure RRI: Developed Markets Increasingly At Risk
57
Table: Asia Risk/Reward Index
63
Market Overview
64
Competitive Landscape
64
Table: EQS Data
64
Company Profile
66
Dragages Singapore
66
Hock Lian Seng Infrastructure Limited
68
Sembcorp Industries
71
Hyflux
77
Methodology
83
Industry Forecast Methodology
83
Sector-Specific Methodology
84
Risk/Reward Index Methodology
88
Sector-Specific Methodology
89
Table: Infrastructure Risk/Reward Index Indicators
89
Table: Weighting Of Indicators
90

The Singapore Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Singapore Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Singaporean infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Singapore to test other views - a key input for successful budgetary and planning in the Singaporean infrastructure market.
  • Target business opportunities and risks in the Singaporean infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Singapore.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.