Singapore’s construction industry: New registration system to help SMEs go digital

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On March 28, 2023, Singapore’s Senior Minister of State for National Development and Ministry of Communications and Information, Mr Tan Kiat How, pointed out at the 12th BuildTech Asia Exhibition that while SMEs receive government funding for digitisation, they are not always in a position to assess how to implement it. As a result, the Building Professionals Federation of Singapore has worked with the Singapore Construction Authority to develop a Shared Services Registry (SSR) for relevant consulting services providers. These providers can help advise businesses on which solutions to adopt and how to customise them to meet their needs.

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In early March 2023, the Ministry of National Development announced S$21 million in funding for the Productivity Enhancement Programme, which will be available for Singaporean SMEs to apply for from 1 April 2023 to offset part of the cost of adopting digital solutions.

In addition, we are building on our IDD efforts to improve the upstream planning and design of buildings. CORENET X is a one-stop digital platform that will allow the industry to make regulatory submissions for building works.

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FOZL Group provides one-stop corporate services to local and overseas companies, currently serving over 1,000 companies in Singapore. FOZL assist clients to register Singapore companies, and provide Accounting, Annual Return, Auditing, Tax Declaration, Trademark Registration, applying for Investment Promotion Policies, Corporate Advisory, Private Client Consultancy, establishing Family Offices and providing serviced office solutions for enterprise.

If you would like to learn more, please feel free to contact us, and we will be happy to assist you.

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