Construction demand could reach $53b in 2025: BCA

This is due to the expected awarding of contracts for large-scale developments.

The Building and Construction Authority (BCA) projects the total construction demand in Singapore to range between $47b and $53b in nominal terms this year.

Normalised to real values, 2025's demand is projected to range between $35b and $39b, which is between 0.3% and 11.7% higher than pre-COVID levels in 2019.

The agency said this is due to the expected awarding of contracts for large-scale developments, such as Changi Airport Terminal 5 and the expansion of the Marina Bay Sands Integrated Resort, alongside public housing development and upgrading works.

In 2024, the preliminary total construction demand reached $44.2b in nominal terms, exceeding BCA's mid-year revised forecast of between $35b to $41b.

Looking ahead, BCA expects the total construction demand to reach an average of between $39b and $46b per year from 2026 to 2029.

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