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Public works, en bloc projects to fuel 2018 building demand

BCA expects about S$26b-S$31b of construction contracts to be awarded this year, higher than in 2017

Published Thu, Jan 11, 2018 · 09:50 PM

Singapore

THE BUILDING and Construction Authority (BCA) on Thursday projected that S$26 billion to S$31 billion in construction contracts could be awarded in 2018, up from the S$24.5 billion estimated to have been awarded in 2017.

The projected higher construction demand is due to an anticipated increase in public sector work, which is expected to grow from S$15.5 billion in 2017 to between S$16 billion and S$19 billion this year.

Public works contribute to about three-fifths of 2018's total projected demand. The remainder, coming from the private sector, is also expected to be an improvement - from S$9 billion in 2017 to between S$10 billion and S$12 billion in 2018. The growth will come on the back of a stronger…

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