Covid-19 spotlights true cost of ignoring smart city trends
The built environment should seize technology to boost productivity, be pandemic-resilient
IT has been a volatile two years for the construction sector with serious disruptions in work-site activities brought about first, by Covid-19 pandemic cases in migrant workers dormitories last year, and now with the temporary easing of foreign worker entries into the country with the Delta virus variant.
Delays in construction work have had ripple effects through the entire project life cycle, piling cost pressures at almost every stage from procurement and construction right through to completion.
Ultimately, consumers will have to pay more, whether in terms of time delays or the purchase price of homes and other facility rentals including offices, logistics facilities, factories and warehouses.
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
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co