How one country is engineering its way out of a construction cost crisis

CONVERGE LIVE - Singapore, 22-23 April 2026. Request invitation.

Construction in Singapore has boomed since the pandemic.

Several mega projects are underway, with the $8 billion Las Vegas Sands development and a new terminal at Changi Airport both breaking ground in 2025. Another major public sector project is the Tengah General & Community Hospital, which will add 4,000 patient beds by 2030.

In January, Singapore’s Building and Construction Authority (BCA) projected that construction demand would reach up to 53 billion Singapore dollars (around $42 billion) in the island nation this year — up 15% from its previous estimate.

“Following the Covid-19 pandemic, the construction industry surged, and we haven’t looked back since,” Alex Saez, partner and managing director for APAC at engineering consultancy Cundall, told CNBC.