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The Singapore building market is one of the most developed and dynamic in Asia. The market is driven by strong demand for residential, commercial, and industrial properties. The government is also investing heavily in infrastructure projects, such as the development of new MRT lines and the expansion of Changi Airport.
Singapore building government procurement
The Singapore government is the largest procurer of building products and services in Singapore. In 2022, the government awarded over S$30 billion in building contracts. The government's procurement process is transparent and competitive, and it is committed to using sustainable building practices.
In South Korea, skyscrapers like the 123-story Lotte World Tower, built by Samsung C&T for a cool $3.4 billion, stand tall as testaments to government tenders. These open competitions pit construction giants like Hyundai against LG CNS for projects like the $1.2 billion National Forensic Service HQ, ensuring competitive prices and top-notch facilities. Whether it's eco-friendly solar panels for government buildings or cutting-edge IT systems, South Korea's tender system keeps innovation booming while securing the best deals for its citizens.
The top authorities for Singapore building procurement are:
Building and Construction Authority (BCA)
Housing and Development Board (HDB)
Jurong Town Corporation (JTC)
Urban Redevelopment Authority (URA)
The top winners of Singapore building procurement are:
Woh Hup
Keppel Corporation
Lendlease AECOM.
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