The value of Singapore construction market is forecasted by GlobalData to grow by 5.4% in real terms in 2023, having grown by 6.6% in 2022. A key growth market will be the infrastructure market, with output rising by 3.8% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Singapore during Q3 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Keppel Sakra Cogen Plant 600 MW
The project involves the construction of a 600MW hydrogen-ready CCGT power plant in Jurong Island.
Construction work started in Q3 2023 and is expected to be completed in Q2 2026.
The project aims to save 220,000 tons per year of CO2 as compared to Singapore’s average operating efficiency for equivalent power generated. Buy the profile here.
See Also:
2. GSK Tuas Vaccines Facility Expansion
The project involves the construction of a vaccine production facilities at Tuas Biomedical Park in Singapore.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2025.
The main aim is to produce and supply worldwide drug substances for GSK’s Hepatitis B vaccines. Buy the profile here.
3. DSV Pearl Warehouse Facility
The project involves the construction of a 66,890m2, five-story warehouse building in southwestern.
Construction work started in Q3 2023 and is forecast to complete in Q3 2025.
The project aims to meet the growing demand for warehouses and to provide new warehousing standards in terms of automation and sustainability. Buy the profile here.
4. Changi Airframe MRO facility
The project involves the construction of an 84,000m2 airframe MRO facilities in Changi Airport.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2026.
The new facilities aims to strengthen new business opportunities and growth as global air travel rebounds. Buy the profile here.
5. The Landmark Condominium Complex
The project involves the construction of a 39-story condominium comprising 396 units on 0.5ha of land in Singapore.
Construction work started in Q3 2023 and is expected to be completed in Q1 2025.
The project aims to redevelop the existing 38-story Landmark Tower, built 35 years ago to enhance the residential facilities in the region.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
