Singapore’s construction industry is investing heavily in technology, with 28% of its expenditure now dedicated to digital tools, according to the latest report by Autodesk and Deloitte. This marks a significant increase from the previous year, where only 21% of spending was allocated to technology. The report, which surveyed nearly 900 construction businesses across six Asia Pacific markets, highlights Singapore as a leader in digital adoption, using an average of 7.3 technologies compared to the regional average of 6.2.
The findings underscore the benefits of digital maturity, with firms reporting improved project outcomes and financial performance. Notably, companies with higher digital adoption experienced a 50% reduction in safety incidents and delivered 1.5% more projects under budget. Jeff Larrick, Senior Director of APJ Construction Cloud at Autodesk, noted, “It is highly encouraging to see construction businesses in Singapore continue accelerating their investment into technology.”
Singapore’s focus on digitalisation is partly driven by government initiatives such as the Building and Construction Authority’s Built Environment Industry Transformation Map, which promotes the use of digital tools like Building Information Modelling (BIM). The local industry is poised for further growth, with construction contracts valued at $34 billion to $38 billion (S$47 billion to S$53 billion) expected in 2025.
Despite the progress, challenges remain, including economic uncertainty and rising costs. However, the industry is optimistic, with 26% of budgets now allocated to new technologies and research and development, a 40% increase from last year. As Singapore continues to embrace digital tools, it sets a benchmark for innovation in the construction sector.
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