Public sector projects to drive bulk of construction sector’s recovery in 2021

SINGAPORE: Construction demand is expected to make a moderate recovery in 2021, largely supported by public sector demand, with a number of “major” infrastructure projects to be awarded this year, the Building and Construction Authority said on Monday .

He added that there will be around S$6 billion worth of smaller public sector projects, which are less than S$100 million in contract value, such as cycling paths and upgrading works. “This forecast has not taken into consideration potential new contracts for Changi Airport Terminal 5 and the expansion of the two Integrated Resorts, as these project timelines are still under review due to disruptions from COVID-19,” he added.

Since last December, entry restrictions have also been eased to allow more existing and new work permit holders to enter Singapore.“It continues to require close coordination between agencies … to ensure that we can bring in sufficient workers to alleviate the manpower shortages faced by firms, and yet to do so in a safe way, with sufficient testing and quarantine facilities, in order to protect public health.

He noted that the pace of increase in private housing prices has gathered momentum, developers’ sales at new launches have been “robust” and there has been healthy bidding interest in land tenders.

And does it help the locals when construction sector is strong? Mostly not. Built by companies using cheap labour foreign workers with parts mostly pre-fabricated in Malaysia delivered by foreign vehicles. But then again we shunned these jobs too.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2021 construction demand forecast at S$23-28b; public sector to drive bulk of demand: BCATHE total construction demand in 2021 is projected to recover to between S$23 billion and S$28 billion, said the Building and Construction Authority (BCA) on Monday. This is up from 2020's demand of S$21.3 billion based on preliminary estimates, due to the ongoing Covid-19 pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore Budget 2021 | Yahoo SingaporeHere's a recap of some key takeaways from Singapore Budget 2021 earlier this week! YahooFinance Read more:
Source: YahooSG - 🏆 3. / 71 Read more »

Singapore Budget 2021 | Yahoo SingaporeHere's a recap of some key takeaways from Singapore Budget 2021 earlier this week! YahooFinance Read more: Have you ever lost a ridiculous amount of money to bitcoin investment/mining & wish you never even tried it in the first place. contact Mrs kimjmasonf for help. She has helped me & many other's recovered more than what we've lost in a short period so i decided to share the news
Source: YahooSG - 🏆 3. / 71 Read more »

2021 construction demand forecast to recoverTOTAL construction demand is projected to recover to between S$23 billion and S$28 billion this year, but industry players are mixed on whether they have the capacity to cope with the rising demand, given manpower issues. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

2021 construction demand forecast to recover, but shadow of manpower crunch remainTOTAL construction demand is projected to recover to between S$23 billion and S$28 billion this year, and industry players are mixed on whether they have the capacity to cope with the rising demand, given manpower issues. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »