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3SINGAPOREBUILDERSDIRECTORY2023/2024TheWorldHealthOrganisation(WHO)voicedtheirconfidencethatitwilldeclareanendtotheCOVID-19emergencysometimein2023ThepandemiccouldsettledownthisyeartoapointwhereitcanbelookeduponthesamewayasonelooksatinfluenzaThiswasannouncedatapressconferencebyWHODirectorGeneralTedrosAdhanomGhebreyesuson18March2023ThereisasilverliningforSingaporesBuiltEnvironment(BE)sectoramidstrecoveringfromtheglobalpandemicwhichstartedin2020OverthepastfewyearstheSingaporeGovernmenthadworkedwithpartnersandstakeholderstofocusonovercomingtheimpactofCOVID-19ontheBEsectorThecombinedeffortshaveseenthesuccessfulmanagementofinfectionoutbreaksonworksitesandtheprotectionofworkforcetosupportconstructionprojectsThepandemichadrevolutionisedthewaypeopleconnectworkandconductbusinessesintheBEsectorwhichincludedleveragingonnew technologydevelopinghigherskillsandinnovationAlltheseeffortshaveresultedinencouragingsignsofrecoveryThenewsoftheBEsectorsprospectswasannouncedattheBCA-REDASBuiltEnvironmentandPropertyProspectsSeminar2023Theannualflagshipseminarheldon12January2023sawindustryexpertsgivingapreviewoftheyearaheadfortheindustryandthesignsareshowingthatconstructiondemandwillcontinuetoremainstrongBelowaretheoutlookforSingaporesBEsector,assharedatBCA-REDASBuiltEnvironmentandPropertyProspectsSeminar2023ConstructionDemandForecastConstructiondemandisexpectedtoberelativelystableSimilartotheprojectionsfor2022BuildingandConstructionAuthority(BCA)estimatesthatthetotalconstructiondemandin2023tobebetweenS$27billionandS$32billionOfthetotalconstructiondemandreportedbyBCA60percentofthepieworthbetweenS$16billionandS$19billionwillcomefromthepublicsector,drivenbyacontinuedrobustpipelineofpublichousingprojectsincludingtheconstructionofmoreBuild-To-Order(BTO)flatsbyHousingDevelopmentBoards(HDB)IndustrialandinstitutionalbuildingconstructionisexpectedtocontributestronglytopublicsectordemandwithmoreprojectsfortheconstructionofwatertreatmentplantseducationalbuildingsandcommunityclubsCivilengineeringconstructiondemandisanticipatedtostayfirmwithcontinuedsupportfromMRTlineconstructionandotherinfrastructureworksFromtheprivatesector,theconstructiondemandisexpectedtocontributebetweenS$11billionand S$13 billion in 2023 similar to the projectionsin2022Bothresidentialandindustrialbuildingconstructiondemandareexpectedtobesimilartopreviousyearslevelbolsteredbythedevelopmentofnewcondominiumsandhigh-specificationindustrialbuildingsTheconstructiondemandofcommercialbuildingsisexpectedtoriseduetothereschedulingofsomemajorprojectsfrom2022to2023andtheredevelopmentofoldcommercialpremisestoenhanceassetvaluesActualConstructionDemand2022BCAreportedpreliminarytotalconstructiondemandfor2022tohavereachedS$298billionThefiguresarewithinBCA’searlierforecastofS$27billiontoS$32billionandsimilartothevaluerecordedin2021AlargeextentofthedemandwassupportedbyresidentialandinfrastructureprojectsinboththepublicandprivatesectorsPublicsectorconstructiondemandimprovedslightlyfromS$178billionin2021to