Soilbuild Construction Group is a leading builder with nearly 50 years of experience, specialising in residential and business space properties. While the Group’s traditional strength is in the industrial and business space, it has a niche in the construction of high-value and/or high-specification industrial and business space facilities.
With a focus on being a green builder, the Group has also been involved as the main contractor for numerous projects with Green Mark Platinum, super low energy certifications, and have also recently completed a LEED Zero Carbon and Green Mark Zero Energy warehouse facility.
Its subsidiary, Precast Concrete, manufactures prefabricated and precast building components. It operates an Integrated Construction and Prefabrication Hub in Singapore, and a manufacturing plant in Malaysia.
For those interested in investing in Singapore’s real estate industry, here are 5 things to know about Soilbuild Construction.
#1 Soilbuild Construction’s revenue surged 58.4% in FY2024, with the Construction segment growing 53.1% and Precast and Prefabrication growing 87.1%.
What were the key contributors to this growth?
In FY2024, we achieved a key business milestone by securing the largest construction project in our history — a S$647.5 million contract for PSA Supply Chain Hub @ Tuas, boosting our order book to more than S$1 billion.
The outlook for the construction industry is also positive, with the Building and Construction Authority (BCA) projecting construction contracts to be valued between S$47-53 billion in 2025. Over the medium-term, BCA expects annual construction demand to average between S$39-46 billion from 2026 to 2029.
Coupled with improved revenue visibility from our strong pipeline of projects, and our multi-category presence in the construction industry and track record as a green builder, the Group will continue to focus on unlocking the benefits of our scale to further enhance our cost efficiencies and strengthen our order book.
#2 The Construction division has contributed 81.5% of the total revenue. Are there any plans to diversify the revenue streams?
The construction division remains our core business foundation, supported by nearly 50 years of heritage.
To address manpower constraints and productivity growth concerns, we have invested in highly automated manufacturing processes through the integrated construction and prefabrication hub awarded by BCA in 2016. Since then, we have also expanded our presence in the precast industry with a precast facility in Malaysia. The precast segment has contributed to approximately 18% to FY2024 revenue with potential for further growth.
To strengthen our competitive edge, we will continue exploring new construction methods, precast and prefabrication technologies, and incorporating digitisation, sustainability, and robotics into our operations, further solidifying our foothold within the construction industry.
#3 Singapore’s public sector construction demand is projected to reach between S$31 billion to S$38 billion annually from 2025 to 2028.
How is Soilbuild Construction positioning itself to capture a larger share of public contracts?
With our subsidiaries holding A1 BCA grading, Soilbuild can tender for unlimited-value public sector projects.
A key strength of the Group lies in our multi-category presence within the construction industry, where our expertise enables us to serve various market segments from large-scale industrial and business space facilities to residential developments.
Our Precast Division is also well-positioned to meet the demand for precast and prefabrication components in public contracts. Over the past few years, the Group has built up strong technical expertise and track record with our Integrated Construction and Prefabrication Hub in Singapore and precast manufacturing plant in Malaysia.
#4 Rising raw material and labour costs continue to challenge the construction sector. How is Soilbuild Construction managing these cost pressures while maintaining margins?
In light of an inflationary environment, managing cost pressures while safeguarding margins remains a key operational priority for the Group. We continue to adopt a disciplined and proactive approach across every stage of our project cycle.
Operationally, we are focused on optimising resource use, minimising wastage, and enhancing labour productivity. We leverage technology such as real-time project monitoring systems and Building Information Modelling (BIM) for tighter cost control and better risk management.
Financially, we maintain strong working capital discipline and diversify our project portfolio to manage sector-specific risks without compromising on quality or delivery timelines.
Looking ahead, by balancing operational resilience, financial prudence, and continuous innovation, we aim to maintain healthy project margins and strengthen the order book.
#5 With sustainability a core focus in Singapore’s construction industry, and AI and smart infrastructure becoming more prevalent, how will Soilbuild Construction optimise operations by leveraging them?
For public sector tenders, up to 5% of evaluation points will be allocated to sustainability-related considerations.
Soilbuild Construction has been an early adopter of green building initiatives, where our focus as a green builder started in 2008. We believe that our track record and established strengths as a green builder were pivotal in the Group’s successful tender of the largest construction project in our history — a S$647.5 million contract for PSA Supply Chain Hub @Tuas.
Incorporating smart technologies at project tenders, the Group utilises BIM models to generate fly through videos of the internal and external spaces of the project. This gives our clients a good sense and feel of how their building will look like post completion, enabling the Group to form a deeper connection with our clients.
When executing projects, we use our BIM models during regular progress meetings to show customers a 3D perspective and give the clients a clear sense of their floor plate and so they can start planning on fitting out the space even before completion, saving time and resources.
We have also embarked on the use of AI technologies for our site monitoring purposes, highlighting possible high-risk activities or safety infringements, allowing our site team to quickly attend to such highlight activities, ensuring a safe work site for everyone.
Editor’s Note: Some answers for this article were extracted from the SGX 10 in 10 series published on 2 July 2025 and republished with permission. You can read more about Soilbuild Construction (SGX: V5Q) on the SGX website. You can also read other featured companies from SGX’s 10 in 10 series on the DollarsAndSense website.
