Public sector growth for construction industry in Singapore
The Building and Construction Authority (BCA) in Singapore projects the total construction demand or the value of construction contracts to be awarded in 2016 to be between $27 billion and $34 billion, with about 65 percent driven by public sector demand.
If the forecasted estimates this year are met, this will be the highest proportion of construction demand from the public sector since 2002. Last year, the total construction demand was approximately $27.2 billion, with public sector projects accounting for slightly more than half of the demand.
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