What Kind of Government Grant Can a Construction and Real Estate Business Get in Singapore?
Singapore’s construction and real estate sector plays a vital role in shaping the nation’s infrastructure and built environment. With increasing demand for sustainable design, digital construction technologies, and productivity improvements, the Singapore government has implemented a wide range of grants to help construction and real estate businesses embrace innovation and digital transformation.
This article outlines key government grants that businesses in the construction and real estate industries can leverage to stay competitive and compliant in an evolving landscape.
1. Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) helps construction and real estate businesses transform their operations, adopt innovative processes, and expand regionally.
Supports Projects Under:
- Core Capabilities: Strategic planning, brand development, HR development
- Innovation and Productivity: Building Information Modelling (BIM), drones for site inspection, construction robotics
- Market Access: Overseas real estate investments or regional partnerships
Funding Support: Up to 50% of project costs for SMEs
Example: A construction firm may use EDG to implement BIM systems to streamline project design and reduce rework.
2. Productivity Solutions Grant (PSG)
The PSG supports pre-approved digital solutions and tools tailored for the construction and real estate sector.
Commonly Supported Solutions Include:
- Project management systems
- E-invoicing and accounting software
- HR and payroll solutions
- Inventory management
Funding Support: Up to 50% of eligible costs
Example: A property management company can use PSG to implement digital tenancy and maintenance systems to improve service quality and tenant satisfaction.
3. Building and Construction Authority (BCA) Productivity Innovation Project (PIP) Scheme
The PIP Scheme is managed by BCA to support the adoption of innovative and productive construction methods.
Supports Adoption Of:
- Prefabricated Prefinished Volumetric Construction (PPVC)
- Mass Engineered Timber (MET)
- Drones and robotics for site automation
Funding Support: Up to 70% of qualifying costs
Example: A construction firm adopting prefabricated bathroom units can receive funding to co-develop and test the system under PIP.
4. Green Mark Incentive Scheme
To promote sustainable building practices, BCA’s Green Mark Incentive Scheme provides funding to building owners and developers who meet higher sustainability benchmarks.
Supports:
- Green building design and retrofitting
- Renewable energy integration (e.g., solar panels)
- Energy-efficient systems and building materials
Example: A developer aiming for Green Mark Platinum status can use this scheme to subsidise energy modelling and eco-design consultation.
5. SkillsFuture Enterprise Credit (SFEC)
The SFEC helps fund employee training and transformation initiatives for construction and real estate companies.
Support: Additional 90% of qualifying costs, capped at S$10,000 per company
Eligible Activities:
- Upskilling in BIM, sustainability, project management
- Process redesign and innovation training
Example: A real estate agency may use SFEC to train agents in digital marketing and property analytics.
6. Innovation and Productivity Grant (iPREP) for the Built Environment
The iPREP grant supports small and medium construction firms to adopt innovative technologies for productivity improvement.
Supports:
- Software licenses for project collaboration
- Offsite fabrication methods
- Digital site monitoring tools
Administered by: BCA and Enterprise Singapore
Example: A renovation contractor may receive iPREP support to adopt laser scanning technology for site measurements.
7. Market Readiness Assistance (MRA) Grant
The MRA Grant helps businesses enter and establish a presence in new overseas markets.
Supports:
- Overseas marketing and PR
- Business development consultancy
- International real estate exhibitions
Funding Support: Up to 50% of eligible costs, capped at S$100,000 per new market
Example: A real estate development firm expanding into Vietnam can use the MRA to support market research and legal setup costs.
8. Construction Engineering Capability Development Programme (CED Programme)
The CED Programme supports construction firms in building technical and engineering competencies.
Supports:
- R&D in engineering methods
- Upskilling engineering staff
- Development of construction-related intellectual property
Example: A civil engineering firm may apply for this programme to train staff in deep foundation design and seismic-resilient structures.
9. Energy Efficiency Grant (EEG)
Construction and real estate companies can apply for the EEG to reduce their environmental footprint.
Eligible Equipment:
- High-efficiency HVAC systems
- LED lighting
- Energy-efficient lifts and escalators
Funding Support: Up to 70% of the qualifying costs for SMEs
Example: A commercial building owner can apply for EEG to upgrade to high-efficiency air-conditioning systems.
Final Thoughts: Building the Future with Government Support
Singapore’s construction and real estate sector is embracing smart technologies, green practices, and regional growth opportunities. Government grants are a critical tool to support businesses in this transformation—funding everything from digital tools and energy-efficient upgrades to advanced training and overseas expansion.
Choosing the right grants and preparing strategic, well-supported applications can significantly boost a company’s growth potential and industry reputation.
Need Help Applying for Construction and Real Estate Grants? Talk to GrantConsultant.sg
At GrantConsultant.sg, we help construction and real estate businesses in Singapore identify and apply for the most suitable government grants. Whether you’re digitalising project workflows, adopting green building standards, or expanding into new markets, we guide your grant journey from start to finish.
Reach out to us today to learn how you can build a stronger business with the right funding support.