Message by President, Singapore Electrical Trades Association
Buttressed by strong public spending on healthcare and transport infrastructure, Singapore's construction sector will remain robust for a few more years. For 2016, the Building and Construction Authority (BCA) expects that construction demand will be in the range of S$27-S$34 billion. The public sector will account for some 65% of the total. It will be the highest proportion of construction demand from the public sector since 2002.
At the Outram Medical Campus, a new National Cancer Centre is being built which will be bigger and better than the current facility, boosting treatment for patients, Changi Airport will have a third runway, while work on the expanded rail network continues apace to encourage greater use of public transport.
The BCA is also encouraging building owners to retrofit existing buildings to make them more energy efficient. By replacing energy guzzlers with more energy-efficient alternatives, companies can save a tidy sum and play their part in reducing carbon emissions, the primary cause of global warming. Sim Lim Tower, a 36-year-old building, managed to slash its electricity bills by 41% since it completed its retrofit in March 2015, while the 25-year-old Ngee Ann City expects to enjoy savings of 20% in its electricity bills when work is completed.
This elevated level of activity augurs well for Singapore Electrical Trades Association (SETA) members who are involved in the electrical trades.
On this delightful note, I like to express my appreciation to Marshall Cavendish Business Information Pte Ltd for publishing the Singapore Source Book for Architects, Designers and Building Contractors and making it a comprehensive reference on the building and construction industry.
Mr Louis Lim
Singapore Electrical Trades Association