What is the timeline for the Brickland MRT project?

Site preparation is ongoing, with main works scheduled to start in the first half of 2026. Passenger service is targeted for 2034. The multi-year phasing reflects the complexity of building an infill station on an operating North-South Line while keeping daily train services safe and reliable for commuters.

How large is the Obayashi contract compared with typical projects?

At S$281 million, it is a sizeable civil package for a single station plus viaduct in Singapore. While mega-lines cost far more, this infill scope still requires specialist design, staging, and safety controls. The value supports multi-year revenue recognition and fits Obayashi’s strengths in complex transit projects.

Does the Brickland MRT news change the outlook for 1802.T?

It improves backlog visibility and confirms continued demand for Obayashi’s expertise in Singapore. The stock trades near its year high with a P/E around 13.7 and a dividend yield near 2.5%. Execution, cost control, and currency moves remain the key variables for earnings and valuation from here.

How can Singapore investors follow project progress and stock updates?

Monitor LTA announcements for construction milestones and any schedule updates. For the stock, watch quarterly results, order intake, and guidance from Obayashi. Price action near recent highs and technical indicators like RSI and ADX can help gauge momentum, but fundamentals and risk management should lead decisions.

Global Market Insights

1802.T Stock Today: December 31 – S$281m LTA Brickland MRT Win

ByHuzaifa Zahoor December 31, 2025December 31, 2025

Brickland MRT is now confirmed, with Singapore’s LTA awarding Obayashi a S$281 million design-and-build contract for the new North-South Line infill station and its viaduct. Main works start in the first half of 2026, with passenger service targeted for 2034. For investors, this long-dated project expands Obayashi’s rail backlog in Singapore and supports multi-year revenue visibility. We review what the win means for commuters, how it could factor into 1802.T’s profile, and the key milestones and risks to watch from a Singapore lens.