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Singapore's building sector set to grow but downside risks loom

Growth slowdown, possibility of US recession, subdued private consumption will weigh on demand, says Fitch

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About S$9b worth of private and public residential building contracts were awarded in 2018, almost double the S$4.8b worth of commercial and industrial contracts awarded in the same year.

Singapore

THE residential and non-residential building sector in Singapore will grow at 3.2 per cent this year and 2.3 per cent in 2020, supported by a strong pipeline of projects, according to Fitch Solutions Macro Research.

But the firm warned of risks to its forecasts which...

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