Singapore 4th most expensive Asian market to build in- Poll, Economy News & Top Stories


Source: straitstimes.com straitstimes.com

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Singapore is the fourth-most-expensive Asian construction market to build in, as the industry deals with a shortage of skilled labour and high material costs. Against this backdrop, tender prices here are expected to remain volatile for the rest of the year, the latest Turner & Townsend's International Construction Market Survey 2021 showed. Tender prices could rise within a range of 10 per cent to 15 per cent, which is higher than its earlier forecast range of 6 per cent to 10 per cent. The real estate consultancy noted that construction output rose marginally by 5 per cent in the first...