This brought cheers to construction players, which was reflected in their share price gains over the past year, with the likes of OKP Holdings (SGX:5CF
) , Lum Chang Holdings (SGX:L19) , Koh Brothers Group (SGX:K75) and Soilbuild Construction (SGX:ZQM) seeing their share prices rise by at least 100%.
Singapore’s construction sector has been booming. Major infrastructure projects such as Changi Airport’s Terminal 5, the Tuas Megaport, the North-South Corridor, various new HDB housing developments, the expansion of the two integrated resorts and more are feeding this boom.
According to the Building and Construction Authority (BCA), total construction demand will likely remain steady at $47 billion to $53 billion in 2026. Over the medium term, construction demand is projected to average $39 billion to $46 billion per annum from 2027 to 2030.
