An overview of integration

The market is the main contractor for the construction of buildings in Singapore. The Ipsos report ranked fourth among Singapore's institutional contractors in terms of average agency CONQUAS scores in 2018. In the three political years ended June 30, 2019, most of the building projects were built by educational institutions in the public sector, and seven projects were completed, including six educational institutions and a child care center. Construction projects in the period can be broadly divided into categories, namely, I) new construction; and ii) additional and alteration works.

According to the Yipuso report, the total output of construction projects in Singapore recorded a compound annual growth rate of 4.6% from 2013 to 2018, but the annual growth rate recorded from the public sector during the period was about 1.4%.

Negative factor

In each of the three years ended June 30, 2019, revenue identified from the largest customers was equivalent to about 84.6%, 52.7% and 45.3% of the total revenue for the period. On the other hand, there is any significant decrease in the number of approved projects, which may affect the collection of transactions, fees and expenses.