Singapore 2015 private construction demand to crash by 37%

Singapore 11 Jan 2015
Singapore 2015 private construction demand to crash by 37%

2015 private construction demand to crash by 37% as developers turn cautious

Amid a slowdown in private home sales and global economic uncertainties.

Private sector construction demand is anticipated to moderate to between $11 billion to $15 billion compared to $18 billion in 2014.

According to a media release by BCA, developers may adopt a cautious stance amid a slowdown in private home sales and global economic uncertainties.

Nevertheless, the slowdown is likely to be cushioned by a rise in private sector civil engineering projects such as the proposed infrastructure works for the development of the Changi East Runway 3.

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