2021 construction demand forecast to recover
However, the shadow of the manpower crunch will continue to hang over it, say those in the industry
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
