Normalised to real values, the demand in 2025 is estimated to range between $35 billion and $39 billion, which is between 0.3% to 11.7% higher than pre-Covid levels in 2019. There were no equivalent estimates released in 2024.
The Building and Construction Authority (BCA) said total construction demand for 2025, or the value of construction contracts to be awarded during the year, is likely to range between $47 billion and $53 billion in nominal terms.
This year’s estimate, released on Jan 23, is 46.88% higher or 39.47% higher than 2024’s range of $32 billion and $38 billion in nominal terms.
