Singapore’s construction sector is poised for significant activity in 2026, with an estimated $47 billion to $53 billion in public and private sector contracts expected to be awarded. This strong outlook is driven by major developments such as Changi Airport Terminal 5 and the Marina Bay Sands expansion.
The momentum follows a robust 2025, during which approximately $50.5 billion in contracts were awarded—surpassing the $44.6 billion recorded in 2024. According to the Building and Construction Authority (BCA), this growth reflects an uptrend in institutional and housing projects.
To support the industry through this period of expansion, several key initiatives were announced on 22 January 2026 during the BCA-REDAS Built Environment and Real Estate Prospects Seminar 2026. These include:
- A new tranche of the Productivity Solutions Grant, effective from 1 April 2026, designed to help built environment firms adopt technology that enhances productivity.
- An enhanced accreditation framework for project managers, to be rolled out in the second half of 2026, ensuring that professional standards evolve in line with industry demands.
