Posted by administrator on 21 Jan 2017 09:24:22
We all can feel the economic slowdown globally. We would be fools if we refuse to see the truth. 2016 has seen a slowdown in the construction sector in Singapore as well with total value of construction demand falling for a second consecutive year.
Building and Construction Authority (BCA) said that total construction demand last year amounted to $26.1 billion, down from $27 billion in 2015.
As we all know governments and the government of Singapore especially will try to prevent a massive fall by increasing public sector spending there will be a surge in public-sector building jobs in 2017 in the hope to help to reverse the falling trend.
Building Construction Authority BCA said that public-sector construction demand is set to increase with the value of contracts expected to be awarded in 2017 is projected to grow to between $20 billion and $24 billion. This up from the $15.8 billion the year before and with an estimated private- sector construction demand between $8 billion and $11 billion this year.
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