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Singapore Construction Industry and Law Updates
Building Construction Authority (BCA) Updates May 2015
Construction Demand:
Total construction demand set a new record of $37.7 billion in 2014 generated by a higher volume of institutional and civil engineering projects. These projects included the various major contracts awarded for the construction of Thomson-East Coast Mass Rapid Transit (MRT) Line as well as land preparation works for the upcoming Changi Airport development and the Sengkang hospitals and Tampines Town Hub developments.
BCA forecasts that Construction contracts for the built environment sector is expected to reach between $29 billion to $36 billion in 2015, given the sustained pipeline of public sector projects.
Contributed by David Shuttleworth, Foremost Consultants
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