Construction Year In Review & Forecast

Construction activity in Singapore has been slow in 2017, partly due to a downtrend in construction expenditure and weakness in both the public and private sectors. The retail and hotel sectors finished strong with an uptrend in the fourth quarter. The community sector is expected to rise from the growth brought by the government’s efforts to support public initiatives. Large civil projects are set and lined up to be constructed in 2018, such as the delayed North-South Corridor project, which are expected to pump up the sector in the upcoming year. However, the construction industry in general is expected to be weighed down by continued weakness in construction demand.