Construction

Micron invests US$24 billion to expand Singapore manufacturing complex; 1,600 jobs to be created

This brings the company’s total investments in Singapore to around US$60 billion

Construction and property developer Low Keng Huat now has less than 10% of its issued share capital in public hands – the minimum required to maintain a listing.

Low Keng Huat privatisation imminent as offeror secures over 90% of shares

Consistent Record’s final offer of S$0.78 a share is 8.3% or S$0.06 higher than its initial price

Institutional and ramped-up housing projects have contributed to the continued uptick in construction demand.

Singapore construction demand to stay firm at S$47 billion to S$53 billion in 2026: Chee Hong Tat

Demand is projected to stay elevated from 2027 to 2030 at S$39 billion to S$46 billion per year

Residential buildings being built in Beijing, China, which has driven the global cement market for three decades, and still accounts for nearly half of output. But the boom is now well and truly over.
THE BOTTOM LINE

Cement is hitting a wall. There’s no coming back

Prices are at their lowest in a decade, and factories are saddled with more than twice the capacity they need

Vanke, the last major Chinese developer to stave off debt failure so far, is under mounting strain from nearly US$50 billion in interest-bearing liabilities.

China Vanke asks to extend bond grace period again, adds collateral

The company is also preparing a broader restructuring plan

The residential building activity subindex dropped to 33.5, the weakest reading since May 2020, when the pandemic halted construction work.

UK builders suffer longest downturn since global financial crisis

Many firms cite subdued demand and fragile client confidence, with delayed spending decisions resulting in weak sales

A fire in late November that ripped through seven high-rise towers and killed more than 160 people.

Hong Kong arrests 21 for corruption in building renovation crackdown

They include middlemen, project consultants and contractors

Executive chairman and managing director Choo Chee Onn has not ruled out exiting China, where KSH Holdings has property investments, if the market's economic conditions do not improve.
TOPLINE

Amid global economic uncertainty, KSH Holdings doubles down on Singapore for growth

The construction and property group is eyeing more laboratory construction projects, given its strong track record in the sector

China's fixed-asset investment is on track for its first annual decline in data going back to 1998.

China trapped in investment slump as infrastructure bonds dry up

The restraint is ushering in a new economic era for the country