The Singapore Facility Management Market size is expected to grow from USD 1.19 billion in 2023 to USD 1.19 billion by 2028, at a CAGR of 0.02% during the forecast period (2023-2028).
The Singapore Facility Management Market is moderately consolidated with the presence of diverse firms of different sizes. This market is anticipated to encounter a number of partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns that they are experiencing. The clients in this region are employing FM services to increase the ease of their business operations. The market comprises key solutions and service providers, such as CPG Facilities Management, UNITED TECH ENGINEERING Pte Ltd, Surbana Jurong Group, Propell Integrated Pte Ltd, Frisco Technology & Services Pte. Ltd.
In April 2022, Surbana Jurong Group was appointed by the national coastal protection agency PUB to undertake a site-specific study aimed at protecting the northwest coast of Singapore from sea level rise. The study will focus on developing measures to safeguard the four coastal reservoirs from seawater inundation and reinforcing their structures against future sea-level rise, ensuring their integrity.
In September 2022, Savills Singapore enhanced its property and integrated facilities management platform by acquiring the majority of absolute maintenance services (AMS). This strategic move allowed Savills Singapore to enter the facilities services market, expanding and strengthening its property and integrated facilities management capabilities. The acquisition will enable Savills to extend its reach to government and institutional clients, establishing a property management (PM), integrated facilities management (IFM), and facilities services platform. Furthermore, it will offer a wider range of services and end-to-end solutions in the residential and commercial sectors to its existing private and corporate clients.
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