Building And Construction In Asia Pacific > Singapore > Singapore

Singapore: Building and Construction in Singapore 2020-2024: April 2020 Update

​Despite signs of growth returning to the construction sector in 2019 (+9.8%), total construction commencements is forecast to go from strength to weakness in 2020 (-22.2%), impacted by the escalation of COVID-19 and the consequent economic implications. Material and labour supply issues alongside weakening demand as business sentiment and global economic growth wane will weigh on the residential (-22.5%) and non-residential (-37.6%) sectors in particular.

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