Singapore: HL-Sunway, a joint venture of HL Building Materials and Malaysia-based Sunway Construction Group (SunCon), has launched a new 100,000m³/yr precast concrete plant in Singapore. The Star newspaper has reported that the plant can meet 12 – 14% of demand for precast concrete under Singapore’s Housing and Development Board’s projects.
The Housing and Development Board forecasts 15,000 – 16,000 new housing unit starts in 2026, after demand evens out. It is currently suppressed by contractor delays.
SunCon operates two other precast concrete plants in Johor, Malaysia, with a combined capacity of 126,000m³/yr. It says that its US$1.59bn order book includes US$717m (45%) data centre contracts. It aims to take US$1.07 – 1.43m-worth of new orders throughout 2025.
