Annual construction demand is projected to range from $39 billion to $46 billion per year between 2027 and 2030, unchanged from the medium-term outlook provided last year for 2026 to 2029.
Singapore’s construction demand is expected to reach between $47 billion and $53 billion in nominal terms in 2026, unchanged from the forecast range in 2025.
This will be driven by projects such as the Changi Airport Terminal 5 development, the Marina Bay Sands expansion, the New Tengah General & Community Hospital and the Downtown Line 2 extension, says National Development Minister Chee Hong Tat on Jan 22.
