Public sector, civil engineering projects to drive construction demand this year: BCA
Industry players expect builders to face tougher conditions
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Singapore
CONSTRUCTION demand this year will be propped up by public sector projects amid an expected slowdown in the private sector, with a major shift towards more civil engineering works.
The Building and Construction Authority (BCA) said on Friday that S$27-34 billion worth of construction contracts are expected to be awarded this year, of which 65 per cent will come from the public sector. This will be the highest proportion of construction demand from the public sector since 2002 when public sector contracts accounted for 66.6 per cent of the total.
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