Construction recovery uneven amid manpower, supply constraints

Singapore

WHILE companies within the local construction sector have begun to recover from the effects of the Covid-19 "circuit breaker" measures last year, it seems that the rising tide within the industry has not lifted all boats equally.

For instance, construction and property group Chip Eng Seng posted a 182.2 per cent jump in construction revenue to S$164.6 million for the half-year ended June 30, 2021.It even beat its previous revenue figures from the corresponding period in 2019, when it posted construction revenue of S$82.5 million.