Breaking down its latest numbers BCA says, construction demand from the public sector is estimated between $11 billion to $14 billion, while the remaining $7 billion to $9 billion is expected to be for private sector activity.
Singapore’s Building and Construction Authority (BCA) has slashed its forecast for this year’s projected construction demand to between $18 billion and $23 billion.
This is a $10 billion plummet from the $28 billion to $33 billion value expected at the beginning of what was meant to be a good year for the construction sector, the authority announced on September 17.
