SINGAPORE ECONOMY
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2021 construction demand forecast to recover
However, the shadow of the manpower crunch will continue to hang over it, say those in the industry
Published Mon, Jan 18, 2021 · 09:50 PM
Singapore
TOTAL construction demand is projected to recover to between S$23 billion and S$28 billion this year, but industry players are mixed on whether they have the capacity to cope with the rising demand, given manpower issues.
Allan Tan, managing director of United Tec Construction, said while the forecasts are an encouraging sign for the industry, there are still many risks and uncertainties.
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