Up to $34b in construction contracts to be awarded this year, says BCA

But demand from the private sector is slowing.

The Building and Construction Authority (BCA) expects that $27b to $34b of construction projects will be awarded this year, compared to a total of $27.5b worth of contracts awarded last year.

The public sector will account for 65% of demand, the BCA said. This marks the highest proportion of public sector demand since 2002. In contrast, public sector projects accounted for roughly half of construction demand in 2015.

Total construction demand in 2015 fell short of the agency's $29b to $36b estimate. This was mainly on back of the rescheduling of certain major public infrastructure contracts, such as MRT projects which were pushed back from the fourth quarter of 2015 to early this year.

BCA expects private sector building demand to slow this year due to slowing economic growth and the higher supply of office and residential space.

BCA expects the total construction output this year to moderate to between $32b and $34b, compared to about $35b in 2015.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia