Construction demand in Singapore is forecast to be strong this year, supported by a continued ramping up of public housing and rail construction.
The Building and Construction Authority (BCA) of Singapore is forecasting construction demand of S$26-S$32 billion this year compared with S$28.1 billion in 2012.
Public sector projects are expected to contribute about S$14-S$17 billion, or 53 per cent, of the industry’s total demand in 2013, up from S$9.3 billion last year. The expansion will be driven by an increase in construction of accommodation and infrastructure, BCA said.
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