Singapore’s public sector construction

SINGAPORE: Singapore’s public sector construction demand is likely to account for nearly two-thirds of the value of all construction contracts to be awarded this year, the highest proportion in 14 years, the government said on Friday. The expected ramp up in public sector projects comes after Singapore’s economic growth slowed to 2.1 per cent last year, the weakest in six years, hurt by a slowdown in China and sluggish global demand. Total construction demand or the value of construction contracts to be awarded in 2016 is projected at 27 billion to 34 billion Singapore dollars, with about 65 per cent driven by public sector demand, the Building and Construction Authority (BCA) said in a statement. That would be the highest proportion of construction demand from the public sector since 2002, the BCA said.