Market Sentiments in the Construction Industry in Singpaore 2026
Here are the fully verified sources behind every data point used across all HiringtoHired.com content:
1. Singapore Construction Demand: S$47–53 billion (2026)
The Building and Construction Authority (BCA) projected total construction demand to remain steady at S$47–53 billion in nominal terms for 2026, sustained by major projects including Changi Terminal 5, Marina Bay Sands IR2 expansion, the new Tengah General & Community Hospital, and rail line extensions. SGJobAI
Source: BCA Newsroom, January 22, 2026
www1.bca.gov.sg/resources/newsroom
2. Construction Sector Manpower Shortfall: ~15%
Industry reports indicate a manpower shortfall of nearly 15% across Singapore's construction sector, translating to tens of thousands of unfilled roles, with the vacancy rate for skilled technical roles such as engineers and safety officers even higher. Salaries for specific hard-to-fill construction roles have risen by 10–20% compared to 2024 levels. Jora
Source: CoreStaff Singapore, December 2025
corestaff.com.sg/construction-worker-shortage-singapore-solutions
3. Construction & Real Estate Talent Shortage: 77% of employers
According to ManpowerGroup's 2026 Global Talent Shortage Survey, talent shortages remain a cross-industry challenge in Singapore, with Utilities & Natural Resources (79%), Construction & Real Estate (77%), and Public Sector, Health & Social Services (77%) experiencing the highest levels of strain. Reeracoen Singapore
Source: ManpowerGroup Singapore, February 26, 2026
manpower.com.sg/en/insights/blogs/2026/02/ai-skills-become-singapores-hardest-to-fill-capability
4. Oil & Gas: Critical Hiring Bottlenecks
More than half of 700 energy-related companies participating in recent surveys reported critical hiring bottlenecks, with engineering and technical operations roles cited as the most difficult positions to fill even as AI adoption grows. Indeed
Source: Taggd / World Oil, April 2026
taggd.in/blogs/skilled-workforce-shortage-in-oil-and-gas
5. O&G Workforce: Ageing workforce and declining mobility
Hiring managers in the oil and gas sector cited engineering and technical operations roles as the most difficult positions to fill, while salary growth has slowed despite 50% of professionals and 60% of hiring managers reporting pay increases in 2025. Dr.Job Pro Blog
Source: GETI 2026 Report (Airswift & Energy Jobline), February 2026
worldoil.com/news/2026/2/4/oil-and-gas-hiring-challenges-deepen
6. Global Talent Shortage Survey: 72% of employers reporting difficulty
ManpowerGroup's 2026 Global Talent Shortage Survey found that 72% of employers globally report difficulty finding the talent they need, down modestly from 74% the previous year, with AI skills emerging as the hardest-to-fill capability for the first time. Reeracoen Singapore
Source: ManpowerGroup Global, February 26, 2026
manpowergroup.com/en/news-releases/news/global-talent-shortage-reaches-turning-point
7. Construction Sector Growth Forecast: 4.2% annually 2026–2029
Singapore's construction industry is projected to grow at an average annual rate of 4.2% between 2026 and 2029, supported by the Land Transport Master Plan 2040 which includes an estimated investment of SGD 34.4 billion to construct railway stations and expand cycling infrastructure. Jobstreet
Source: GlobalData Construction Market Report, March 2026
globaldata.com/store/report/singapore-construction-market-analysis
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Market data referenced on this page is drawn from the Building and Construction Authority of Singapore (BCA), ManpowerGroup's 2026 Global Talent Shortage Survey, the Global Energy Talent Index (GETI) 2026 produced by Airswift, and Ministry of Manpower (MOM) occupational wages data. All figures reflect publicly available research current as of 2026.
