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SINGAPORE BUILDERS DIRECTORY 2019/2020
A fter three challenging years, and a pipeline of major industrial building
Singapore’s construction industry has
bounced back on stronger demand. The Building and Construction Authority (BCA) estimates that S$30.5 billion worth of contracts were awarded in 2018, an increase of 23% over the previous year. While government contracts accounted for the bigger slice of the total, private sector demand also picked up on increased residential and industrial projects.
Said the BCA, “Last year’s total construction demand was within forecast due to strong demand from institutional building and civil engineering projects, continued positive growth in the manufacturing sector and more private residential redevelopment projects from en-bloc sales in 2017 and the  rst half of 2018. Total preliminary construction demand last year for the public and private sectors was S$18.4 billion and S$12.1 billion respectively.”
The BCA expects construction demand to remain high over the next three to  ve years on a stable stream of major infrastructure projects
projects. Among the big-ticket items slated for development are the Punggol Digital District, Jurong Lake District, Changi Airport Terminal 5 and new MRT lines. Between S$27 and S$32 billion worth of projects will be awarded in 2019, strengthening to S$27-S$34 billion from 2020 to 2021, and S$28-S$35 billion from 2022 to 2023.
More companies can expect to enjoy a slice of Singapore’s infrastructural development as government agencies have been encouraged to parcel out large infrastructure projects to create more opportunities for local  rms, just as the Land Transport Authority has done for some of its MRT tunnelling projects.
Harnessing Technology for Improved Results
In this improved environment, industry members have been asked to harness technology and innovation to build new capabilities to create new value, stay relevant, and compete. Speaking at the BCA-REDAS Built Environment and Property Prospects Seminar 2019, Minister of State for National Development and Manpower Zaqy Mohamad said, “With stable and sustainable
construction demand fundamentals,  rms in the sector will have more opportunities to invest in innovation. This is important given that the way we build is increasingly being transformed by
the use of technology.”
As digitisation is transforming the way we live and work, the Construction Industry
Transformation Map launched in October 2017 has identi ed Integrated Digital Delivery (IDD) as one of its key thrusts. IDD refers to the use of digital technologies to integrate work processes and connect stakeholders working on the same project throughout the
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