The value of Singapore construction market is forecasted by GlobalData to grow by 5.4% in real terms in 2024, having grown by 6.6% in 2023. 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 Q2 2024, according to GlobalData’s construction projects database.
1. Bedok North Eastern General and Community Hospitals
The project involves the construction of a 1,400-bed general and community hospital campus in Bedok North.
Construction work started in Q2 2024 and is expected to be completed in Q4 2030.
2. Alexandra Hospital Redevelopment
The project involves the redevelopment of a hospital on 13.3ha of land in Singapore.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2028.
3. Sora Residential Complex
The project involves the construction of four residential towers comprising 440 units on 1.7ha of land in Singapore.
Construction work started in Q2 2024 and is forecast to complete in Q2 2028.
4. Marsiling Peak Residential Development
The project involves the construction of a Built-To-Order residential complex comprising six residential blocks ranging from 28 to 35 stories in height in Woodlands.
Construction work commenced in Q2 2024 and is expected to be completed in Q3 2029.
5. ST Engineering Data Centre @ Boon Lay
The project involves the construction of a seven-story, 557m2, 30MW data center in Jalan Boon Lay.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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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.
