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Construction demand hit record last year, set for further growth this year: BCA

Published on Jan 9, 2014 2:29 PM
 
Construction demand hit an all-time high last year and could grow further this year. -- ST FILE PHOTO: SEAH KWANG PENG

Construction demand hit an all-time high last year and could grow further this year.

Contracts for the built environment industry could reach between $31 billion and $38 billion this year, the Building and Construction Authority (BCA) said on Thursday.

This comes on the heels of the record $35.8 billion in deals last year, which trumped official estimates of up to $34 billion.

The bulk of the total construction demand will come from public sector projects, which will account for nearly 60 per cent or between $19 billion and $22 billion.

 
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