CNBC has featured OpenSpace in a major report on how Singapore’s booming construction industry is turning to technology to manage soaring costs and navigate growing labor shortages. The article, part of CNBC’s Converge series, highlights how firms across the city state are deploying computer vision tools including OpenSpace to track construction projects more efficiently. With construction demand projected to reach up to $42 billion in 2026, Singapore stands out as a key growth market for construction technology.
As Singapore navigates one of its most ambitious construction cycles in recent history, the ability to track progress accurately and resolve issues quickly has become a genuine differentiator for contractors. OpenSpace’s computer vision platform captures a continuously updated visual record of every job site, giving project teams the information they need to stay aligned, reduce rework, and keep complex builds on schedule. For firms operating in a market where construction costs are among the highest in the world and skilled labor is increasingly scarce, OpenSpace provides the visibility that helps teams work smarter without adding headcount. The recognition from CNBC reflects growing momentum for construction technology adoption across Southeast Asia and the wider Asia Pacific region.
Singapore’s construction upcycle is forecast to extend well into the late 2020s, with billions of dollars in contracts still to be awarded for Changi Airport’s new Terminal 5 and a wave of public infrastructure and private development projects. For the teams delivering these projects, the stakes are high and the margin for error is low. OpenSpace helps contractors stay ahead by turning every site walk into a searchable record of progress that can be shared instantly with stakeholders anywhere in the world. As the Asia Pacific region continues to invest heavily in new infrastructure, OpenSpace is expanding its presence to support the construction teams shaping its future. To learn how OpenSpace can support your next project, visit openspace.ai.
By Lucy Handley
