FORECAST AND ACTUAL CONSTRUCTION DEMAND (TO DATE)

Institutional & Civil

Residential Commercial Industrial Total Total for
2015 Others Engineering1
Both Sectors
Public Private Public Private Public Private Public Private Public Private Public Private
Preliminary
Actual 3.81 3.96 0.30 1.89 1.24 4.53 4.09 1.74 3.81 1.66 13.25 13.78 27.03
($bil)

Institutional & Civil Total for

Residential Commercial Industrial Total
2016 Others Engineering1
Both
Public Private Public Private Public Private Public Private Public Private Public Private Sectors

Forecast2 18.5 - 8.5 -

4.0 - 4.2 2.0 – 2.9 0.1 - 0.2 2.1 - 2.8 1.8 - 2.0 2.2 - 3.1 3.6 – 4.0 0.6 – 0.8 9.0 – 9.7 1.6 - 2.5 27.0 - 32.0
($bil) 20.0 12.0

Actual up to
2.65 1.78 0.07 2.21 0.40 1.96 3.11 0.47 6.67 1.38 12.90 7.79 20.70
Sep 2016p

Forecast3
Period (Average Annual Demand in $bil)
Total for Both Sectors
2017 - 2018 26.0 - 35.0

2019 - 2020 26.0 - 37.0

1 Excludes reclamation contracts
2 Based on BCA’s mid-year review on construction demand forecast released on 26 Jul 2016
3 Based on BCA’s construction demand forecast released in Jan 2016

TENDER PRICE INDEX (BASE YEAR=2010)

(data as at 14 November 2016)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q2016 2Q2016 3Q2016

90.2 107.1 119.9 101.3 100.0 99.7 99.8 104.6 106.8 104.0 101.0 98.7 97.3

DEMAND FOR CONSTRUCTION MATERIALS

Material Cement in Bulk Steel Bars Granite Ready Mixed Concrete
(‘000 Tonnes) (‘000 Tonnes) (‘000 Tonnes) ('000 Cubic Metre)

Sep 2016 450.06 244.89 1538.66 1114.79

Aug 2016 392.81 167.86 1679.67 1189.81
Jul 2016 320.14 172.49 1497.58 1158.47
CONSTRUCTION MATERIAL MARKET PRICES (DELIVERED TO SITE)
(Preliminary Values as at 14 November 2016)
Cement in Bulk Steel Bars3 Ready Mixed Concrete4
Material (Ordinary Portland Cement) (16-32mm High Tensile)
($/Tonne) ($/Tonne) ($/Cubic Metre)

Oct 2016 80.20P 494P 82P

Sep 2016 80.50 496.00 82.20

Aug 2016 81.10 500.30 82.80

p
= Preliminary figures

3
With effect from Jan 2015, the market prices of rebar (without cut & bend) are based on fixed price supply contracts with contract period 1
year or less.
Prices of rebar other than 16-32mm dimensions may subject to surcharge.
4
Market prices of ready mixed concrete are based on contracts with non-fixed price, fixed price and market retail price for Grade 40 Pump.

MONTHLY MATERIAL PRICE INDICES FOR IMPLEMENTATION OF FLUCTUATION CLAUSE

[Base Period = June 20065]
(Data as at 14 November 2016)
Year / Month Concrete Steel Reinforcement

Sep 2016 103.8 64.8

Aug 2016 104.3 65.4
Jul 2016 106.1 63.9

5
Indices for both materials in June 2006 = 100