Singapore Construction Boom Fuels Listed Infrastructure Plays
Singapore's construction sector remains one of the most visible beneficiaries of the country's investment cycle. Construction demand reached S$50.5 billion in 2025, and BCA expects a further S$47 billion to S$53 billion of project awards in 2026, supported by major transport, healthcare, housing and commercial developments. Projects spanning Changi Airport Terminal 5, the Marina Bay Sands expansion, the New Tengah General & Community Hospital, the Downtown Line 2 Extension and the Thomson-East Coast Line Extension provide visibility across both public and private sector pipelines. BCA also expects construction demand to average S$39 billion to S$46 billion annually from 2027 to 2030. Among Singapore's Strongest-Growing Sectors Construction was among Singapore's strongest-performing sec
🎉New US SDRs on SGX From 22 July: SpaceX, Sea, Grab
From 22 July, SpaceX ( $SpaceX US SDR 100to1(UXSD.SI)$ ), alongside Sea ( $Sea US SDR 50to1(UGGD.SI)$ ) and Grab ( $Grab US SDR 2to1(UGBD.SI)$ ), is available for trading on SGX via Singapore Depository Receipts (SDRs). These three US SDRs trade in board lots of 10 units, with minimum investment amounts estimated to be below S$30. The SpaceX US SDR has a 100:1 SDR-to-underlying share ratio, allowing investors to gain exposure to SpaceX at a fraction of the cost of purchasing a full US-listed share. SDRs are denominated in Singapore dollars and trade on SGX during local market hours. Learn more about SDRs here. Space Exploration Technologies Corp (
Singapore’s $37B AI Bet: The Next Chapter of Asia’s Growth Story
The IMF's 2026 Article IV Consultation projects Singapore's economy to expand 3.5% in 2026 and 2.7% in 2027, following growth of 5.0% in 2025. Recent growth was supported by technology-related exports and investment, particularly continued demand associated with the global AI and semiconductor cycle. While growth is expected to moderate, the IMF notes in the full report released last night that technology adoption, productivity improvements and continued investment in productive capacity will remain important drivers of Singapore's medium-term growth trajectory. The report also highlights ongoing initiatives to support innovation, digitalisation and workforce development, including investment under the S$37 billion Research, Innovation and Enterprise (RIE2030) plan. Continued investment in
As Singapore’s reporting season approaches, attention is shifting from market performance to earnings delivery. $Straits Times Index(STI.SI)$ reached a record high of 5,561.42 on 15 July and, and delivered a 21.2% total return through 17 July, including an 18.6% price gain. Investor participation has also strengthened alongside the market’s advance. As of 17 July, assets under management in STI ETFs had reached S$5.5 billion, approximately double the level of a year earlier, while Singapore equity ETFs are on track to record a 17th consecutive month of combined net inflows since the Equity Market Development Programme announcements in February 2025, with cumulative net inflows of S$1.6 billion. Market Flows Highlight Diverse Participation
Weekly: UltraGreen.ai, HealthBank & Rich Capital directors see Huge Acquisitions
Over the five sessions through the to 16 July close, more than 50 director interests and substantial shareholdings were filed for 20 primary-listed stocks. Directors or CEOs reported seven acquisitions and three disposals, while substantial shareholders recorded 14 acquisitions and five disposals. 1. $ULTRAGREEN AI SGD(UGS.SI)$ Mr Nicky Tan, an Independent Non-Executive Director of UltraGreen.ai, acquired 25,000 shares in the company through an open market transaction on 13 July for total consideration of S$39,500. The acquisition increased his direct interest from 105,000 shares to 130,000 shares. The purchase followed an earlier open market acquisition on 20 April, when Mr Tan acquired 24,800 shares for US$32,736, increasing his direct i