2021 construction demand forecast to recover
However, the shadow of the manpower crunch will continue to hang over it, say those in the industry
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US health officials to spend US$100 million on bird flu surveillance
Jim Simons, math genius who conquered Wall Street, dies at 86
Aiming for rosier ties, Xi wraps up Europe visit
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Fed officials mull if rates are high enough as inflation expectations jump
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties