Virtual Reality (VR) has been around for a long time but has come into the spotlight only recently. From an industrial perspective, this article serves as a proverbial scalpel to dissect the different use cases and commercial applications of VR in Singapore. Before researching the Singapore market, we examine how VR has evolved. At the moment, the global annual budget for VR (and augmented reality) is at an upward trend with a leading growth in market value for the training sector. VR in Singapore has also seen a rapid development in recent years. We discuss some of the Singapore government's initiatives to promote the commercial adoption of VR for the digital economy of the nation. To address the mass adoption of VR, we present VRcollab's business solutions for the construction and building industry. 2020 is one of the most important years for VR in history.