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
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Apex court rejects resulting trust claim in 99-1 condo dispute
Xi Jinping has just rewritten the rules of US-China rivalry
Singtel seeks clarity on taking part in telco consolidation; analysts note ‘very high bar’ for approval
