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THE RESEARCH OF BUSINESS STRATEGIES OF
FULL ENGINEERING (SINGAPORE) PTE LTD
ABSTRACT
Being slowdown in singapore economic expansion, the demand has been
descending in recent year, construction industry encountered a serious
recession. For this “winter” of construction industry in Singapore , many
constructors have to ponder the question that how to subsist and grow, the
answer of this question is that by analyzing and assessing in-depth,a strategy
which fit the long-term growth of company will be formulated.
This paper analyzed Full Engineering Pte Ltd, a medium local
construction company, is listed as a B1 buildin g contractors in Singapore,
under the Building and Construction Authority’s (BCA) revised Contractors’
Registry System (CRS).By analyzing the Singapore economy, construction
market,main factor that be influenced by the demand of construction and
competitive environment of construction industry in singapore, combining
with the internal factors of Full Engineering Pte Ltd, a growth strategy for
Full Engineering Pte Ltd is formulated: to retain the construction business
and involve in developing small-sized free hold residential properties,while a
significant part of property development business is in supporting
construction business and become one of mainly business of
iv
company,thereby reducing the risk of operating unitary business.
In the last part of this paper is the enlightenment that make to the
constructors of china who are going to enter the construction market of
Singapore.
KEY WORDS: singapore, demand , constructio
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