Singapore Infrastructure Report

Published 23 July 2015

  • 111 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Singapore Infrastructure Report

BMI View: We expect growth for Singapore's construction sector to moderate over the coming years, as softening residential property demand, a weaker export outlook, and longer construction periods will be a drag on growth. Consequently, we forecast the sector to grow by an annual average of 2.8% between 2015 and 2019, which represents a significant slowdown from the 10-year historical average growth rate of 8.8% registered between 2005 and 2014 annually.

Key Trends And Developments

We believe that Singapore's construction sector will continue to moderate over the coming years, and forecast the sector to grow by an annual average of 2.8% between 2015 and 2019. This represents a significant slowdown from the 10-year historical average growth rate of 8.8% registered between 2005 and 2014 annually.

  • The slowdown is largely attributed to softening residential property demand, which will have a knock-on impact on the residential building segment. At the same time, stricter immigration policies, and a weaker export outlook will limit construction activity over the coming quarters.

  • A bright spot within the sector will be public infrastructure which include civil engineering projects. Major developments include the Mandai integrated wildlife and nature heritage project and development of the Jurong Lake District.

  • We believe 2020 will be a turning point for the construction sector, largely driven by government plans to double the country's urban railway network from the current 178km to about 360km by 2030.

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (2013-2018)
10
Table: Construction And Infrastructure Industry Data (2019-2024)
11
Table: Factbox - Key Milestones In Singapore's Infrastructure Masterplan
17
Transport Infrastructure - Outlook And Overview
18
Table: Transport Infrastructure Industry Data (2013-2018)
18
Table: Transport Infrastructure Industry Data (2019-2024)
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
23
Table: Factbox - Thomson Line Project Stages
25
Table: Changi Airport - Factbox
34
Table: Major Projects - Transport
36
Energy And Utilities Infrastructure - Outlook And Overview
44
Table: Energy And Utilities Infrastructure Data (2013-2018)
44
Table: Energy And Utilities Infrastructure Data (2019-2024)
44
Table: Gas Pipelines Into Singapore
47
Major Projects Table - Energy & Utilities
52
Table: Major Projects - Energy and Utilities
52
Residential/Non-Residential Building - Outlook And Overview
55
Table: Residential and Non-Residential Building Industry Data (2013-2018)
55
Table: Residential and Non-Residential Building Industry Data (2019-2024)
55
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
62
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
62
Industry Risk Reward Ratings
66
Singapore Infrastructure Risk/Reward Index
66
Rewards
66
Risks
67
Asia Pacific - Infrastructure Risk/Reward Index
68
Developed Markets: Favoured
68
Giants Of Asia: Rewards Sizeable, Risks Sizeable
70
South East Asia: Environment Deteriorating Slightly
72
Table: Asia Pacific Infrastructure Risk/Reward Index
73
Market Overview
74
Competitive Landscape
74
Table: EQS Data
74
Company Profile
76
Dragages Singapore
76
Hock Lian Seng Infrastructure Limited
78
Sembcorp Industries
81
Hyflux
87
Global Infrastructure Overview
94
Industry Trend Analysis
94
Table: Multilaterals And Development Bank Infrastructure Support Programmes
98
Methodology
100
Industry Forecast Methodology
100
Sector-Specific Methodology
101
Risk/Reward Index Methodology
105
Sector-Specific Methodology
106
Table: Infrastructure Risk/Reward Index Indicators
106
Table: Weighting Of Indicators
107

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.

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