What happened
Speaking at a corporate finance forum on 3 November, the chief executive of local civil engineering group KTC Group said Singapore's building and civil engineering sector is in an upcycle with at least three to five years of growth ahead. He pointed to the MRT network, Changi Airport Terminal 5, the integrated resort expansions, several hospital projects, and coastal protection and land reclamation works as enough to keep contractors busy for years. Asked about the influx of Chinese contractors, he said he is open to working with like-minded partners, as projects in Singapore are getting larger.
Key numbers
• BCA expects 2026 construction demand of S$47 billion to S$53 billion, after about S$50.5 billion in 2025
• Demand from 2027 to 2030 is projected at S$39 billion to S$46 billion a year
• HDB launched 7,964 BTO flats on 4 November, bringing new flats launched this year to 23,928
• About 4,300 more BTO flats will be offered in February 2027
What employers should do
• Plan manpower, equipment and material needs for the next two to three years so you are not scrambling at the peak
• Track public-sector tender schedules and consider joint ventures for larger packages
• Keep costs and site safety under control as order books grow, and do not let rushed work lead to accidents or breaches
How Build360 helps
Build360 brings together building materials, equipment rental and manpower resources, helping contractors compare prices transparently, reach suppliers quickly, and keep costs and schedules steady through the demand peak.
Source: Lianhe Zaobao · BCA · HDB
