Building and Construction Authority

Tender Price Index for Building Works (Quarter)

Base Year = 2010
Year TOTAL Residential Residential Commercial
(All Buildings) (Public-HDB*) (Private Non-Landed) (Office)

1Q1987 65.8 64.3 64.4 71.1

2Q1987 66.5 66.6 64.3 71.6
3Q1987 67.4 64.6 68.2 73.4
4Q1987 69.2 67.7 69.4 75.1
1Q1988 68.0 68.2 62.4 72.2
2Q1988 66.9 64.6 62.2 71.9
3Q1988 69.4 65.0 67.2 74.5
4Q1988 70.8 66.3 68.6 75.6
1Q1989 76.3 69.7 82.5 86.8
2Q1989 79.6 73.3 83.8 90.1
3Q1989 81.6 76.9 84.5 91.0
4Q1989 85.4 84.9 86.9 92.6
1Q1990 84.6 84.1 84.3 88.5
2Q1990 88.0 89.4 88.6 91.4
3Q1990 89.2 89.4 91.1 92.9
4Q1990 91.6 91.2 93.0 96.6
1Q1991 91.8 92.1 94.7 96.5
2Q1991 94.1 97.4 96.2 97.5
3Q1991 95.8 99.1 98.5 98.4
4Q1991 95.5 99.2 96.5 97.2
1Q1992 94.4 97.8 95.0 96.5
2Q1992 94.1 99.5 93.0 93.7
3Q1992 91.4 95.5 90.6 91.4
4Q1992 90.8 93.2 90.7 91.5
1Q1993 87.8 86.3 89.1 88.8
2Q1993 89.2 85.9 93.1 90.6
3Q1993 90.0 86.6 93.7 91.9
4Q1993 89.4 83.9 93.8 91.7
1Q1994 88.0 80.8 94.1 91.0
2Q1994 87.8 83.1 92.3 90.0
3Q1994 88.5 80.5 95.3 92.6
4Q1994 87.4 80.5 94.0 90.1
1Q1995 89.8 84.8 96.9 92.1
2Q1995 92.5 91.3 99.5 93.3
3Q1995 91.4 88.4 99.3 93.1
4Q1995 92.6 89.2 100.3 94.0
1Q1996 92.6 88.4 101.0 94.4
2Q1996 93.9 91.2 101.8 95.2
3Q1996 94.3 91.7 102.3 95.5
4Q1996 95.4 93.8 101.2 96.0
1Q1997 94.2 88.7 99.3 96.7
2Q1997 93.6 85.5 99.6 97.1
3Q1997 94.9 88.7 100.0 97.6
4Q1997 92.6 83.8 98.8 96.4
1Q1998 90.9 80.5 99.0 96.6
2Q1998 89.5 81.6 96.5 94.8
3Q1998 86.2 75.4 94.4 93.1
4Q1998 83.3 71.2 91.9 91.0
1Q1999 80.2 66.5 90.0 89.5
2Q1999 78.9 65.1 88.1 88.1
3Q1999 76.7 64.6 85.4 85.9
4Q1999 75.2 60.9 85.0 85.7
1Q2000 75.9 62.2 85.6 86.4
2Q2000 77.2 63.8 87.2 87.7
3Q2000 76.9 63.7 86.7 87.3
4Q2000 77.2 64.1 86.8 87.4
1Q2001 77.0 64.2 86.4 87.1
2Q2001 76.3 63.1 86.0 86.6
3Q2001 77.0 65.7 86.0 86.6
4Q2001 77.7 68.7 85.9 86.5
1Q2002 78.4 70.0 85.6 86.4
2Q2002 78.5 70.0 85.4 86.3
3Q2002 78.5 70.0 85.5 86.4
4Q2002 79.0 70.0 85.9 86.8
1Q2003 79.9 70.0 87.3 88.4
2Q2003 84.6 84.1 87.4 88.4
3Q2003 85.0 84.3 87.8 88.8
4Q2003 84.8 82.8 88.0 89.1
1Q2004 86.2 83.4 89.7 90.7
2Q2004 86.0 82.5 90.0 91.0
3Q2004 86.5 83.1 90.3 91.3
4Q2004 86.9 83.1 91.0 91.9
1Q2005 87.4 84.2 91.3 92.2
2Q2005 87.0 83.1 91.2 92.0
3Q2005 87.5 84.2 91.5 92.2
4Q2005 87.6 84.2 91.7 92.2
1Q2006 88.4 85.0 92.4 93.1
2Q2006 89.5 85.0 94.2 94.7
3Q2006 91.2 89.4 94.6 95.1
4Q2006 91.7 89.4 95.4 95.8
1Q2007 101.0 97.9 106.9 106.8
2Q2007 105.4 98.6 109.6 109.4
3Q2007 108.4 103.8 111.9 111.5
4Q2007 113.4 113.9 115.1 114.1
1Q2008 117.9 120.8 118.4 117.1
2Q2008 121.6 125.8 121.5 119.7
3Q2008 123.5 130.3 122.2 120.4
4Q2008 116.7 120.3 117.7 116.2
1Q2009 107.9 113.9 107.8 107.4
2Q2009 99.4 103.3 102.8 102.7
3Q2009 99.3 106.0 99.6 100.3
4Q2009 98.5 105.7 97.3 97.6
1Q2010 99.0 99.6 98.3 99.2
2Q2010 100.5 102.3 100.1 100.1
3Q2010 100.8 103.2 100.4 99.9
4Q2010 99.6 94.8 101.2 100.8
1Q2011 99.5 93.2 101.4 101.9
2Q2011 99.6 92.7 101.7 102.5
3Q2011 100.0 93.5 101.9 102.7
4Q2011 99.6 92.6 101.8 102.7
1Q2012 99.0 89.4 103.2 103.1
2Q2012 99.8 92.5 103.5 103.7
3Q2012 99.6 91.6 103.6 103.6
4Q2012 100.7 94.6 103.7 103.5
1Q2013 101.1 94.3 104.9 103.7
2Q2013 103.9 95.8 108.1 106.9
3Q2013 105.6 98.4 109.4 107.3
4Q2013 107.9 102.7 109.7 107.4
1Q2014 107.1 99.6 110.5 107.7
2Q2014 107.0 100.5 109.9 106.9
3Q2014 106.2 99.0 110.0 106.8
4Q2014 106.7 100.2 109.9 106.6
1Q2015 106.4 100.3 109.2 106.1
2Q2015 103.7 94.3 108.0 103.8
3Q2015 103.5 94.8 107.2 103.2
4Q2015 102.5 94.6 105.8 101.7
1Q2016 101.0 92.4 105.7 101.4
2Q2016 98.7 88.3 104.6 99.8
3Q2016 97.3 85.1 104.2 99.2
4Q2016 94.8 77.5 104.1 99.2
1Q2017 96.7 82.1 103.6 98.5
 2Q2017 96.2 82.5 101.9 97.2
3Q2017 96.6 83.3 101.7 97.6
4Q2017 97.2 84.7 101.9 97.8
1Q2018 97.4 85.9 101.3 97.1
2Q2018 98.5 85.7 103.6 98.5
3Q2018 98.9 87.3 103.6 98.5
4Q2018 99.7 88.8 103.8 98.7
1Q2019 99.9 89.4 103.8 98.9
2Q2019 99.5 90.5 102.8 97.3
3Q2019 99.8 91.3 103.0 97.3
4Q2019 100.2 92.2 103.0 97.3
1Q2020 101.0 93.0 103.8 97.7
2Q2020^ 101.0 93.0 103.8 97.7
3Q2020^ 102.7 102.6 103.8 97.7
4Q2020 106.5 103.0 111.5 103.3
1Q2021 110.8 104.7 117.6 108.6
2Q2021 116.1 110.1 120.8 111.8
3Q2021 119.2 113.3 124.0 114.2
4Q2021 122.2 116.4 125.2 115.3
1Q2022 126.5 120.3 130.1 119.2
2Q2022 130.3 124.8 133.3 121.8
3Q2022 132.1 128.2 133.8 120.7
4Q2022 133.9 130.8 134.7 121.8
Source : BCA as at 14 February 2023
Updated on a quarterly basis (Feb, May, Aug, Nov)
^The TPI sub-indices for 2Q20 (all categories) and 3Q20 (all except Public Residential) are assumed unchanged from
1Q20 in view of a lack of representative data due to insufficient tenders for new works awarded during this period

* Compiled by HDB

Note:
i. The BCA Tender Price Index (TPI) excludes piling, substructure works, external works and mechanical & electrical services.
ii. TPI for private non-landed residential and commercial office before 1Q2009 exclude preliminaries.