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Singapore Building and Construction Sector

Singapore is renowned for its airports, ports, housing, road, and transportation systems.  The built environment sector plays a vital role in the country’s economy, contributing about 3% to 6% of the national Gross Domestic Product. For U.S. companies offering advanced building technologies such as construction robotics, digital tools for workflow optimization, low-carbon materials, and innovations like self-repairing concrete are encouraged to explore Singapore’s opportunities.

In 2022, Singapore introduced the Built Environment Industry Transformation Map (BE ITM), a comprehensive strategy aimed at boosting productivity, promoting sustainability, and digitally transforming the sector. One of the key initiatives under this transformation is the implementation of CORENET X, a streamlined digital platform that reduces the construction projects approval processing time by 20%, providing a seamless experience for all stakeholders.

To further support innovation and productivity, the Singapore Government introduced the Built Environment Technology and Capability Grant in April 2025. This grant helps firms in the sector develop new enterprise capabilities, adopt advanced technologies, and strengthen their workforces, enhancing their competitiveness in an evolving industry landscape.

According to the Development Plan Surveys conducted by the Singapore’s Building and Construction Authority (BCA) in October-November 2024, Singapore’s total construction demand is projected to range between $36 billion to $41 billion, an increase from $34 billion in 2024. The growth is fueled by major public infrastructure projects, including the construction of Changi Airport Terminal 5, the expansion of Marina Bay Sands, and the upgrading works of public and private housing. Additional contributions come from developments in industrial buildings, educational and healthcare facilities, engineering contracts linked to the upcoming MRT lines, and infrastructure expansion at the Woodlands Checkpoint and Tuas Port. BCA further forecasts that the annual construction demand will remain strong, ranging from $30 billion to $36 billion annually between 2026 and 2029.

To effectively enter the built environment sector in Singapore, U.S. firms should consider forming strategic partnerships with local developers, engineering firms, distributors, or technology integrators who have deep regulatory knowledge and access to regional networks. Given Singapore’s strategic location and ease of doing business, the country also serves as an ideal gateway to expanding into broader Southeast Asian markets.

Additionally, several key trade shows and conferences in Singapore, such as the International Built Environment Week, BuildTech Asia, and BexAsia, provide valuable platforms for U.S. firms to showcase their innovations, connect with industry stakeholders, and gain insights into the local and regional market trends.

For more information and assistance, interested companies may contact Ms. Mishell Arwan from the U.S. Commercial Service in Singapore.