Building And Construction In Asia Pacific > Singapore > Singapore

Singapore: Building and Construction in Singapore 2021-2025: October 2021 Update

Total construction work done rebounded sharply over Q2 2021 (+92.1% y/y), largely the result of low base effects. However, activity levels remained relatively steady on the previous quarter. Growth momentum will continue to be limited by construction labour shortages, rising costs, and restrictions related to COVID-19. Slower than expected disbursement of government funding on public projects also remains a drag. Activity is likely to continue to be hampered by manpower constraints as borders remain closed.

Construction activity is set to improve over the remainder of the year along with the easing of domestic restrictions. Growth will also be helped with the introduction of government temporary measures which will see the extension of Covid-19 (Temporary Measures) Act from 31 March to 31 December 2021 and the easing of rules for employing foreign construction workers from China. Total construction work done is expected to recover 31.0% (down from a previous +32.0%).​

To read the full briefing please
If you are not a subscriber, request a free trial by filling out the form below