A report indicate that construction activity in Singapore significantly declined in Q2 2024.
The RICS Global Construction Monitor revealed that the overall construction sector activity dropped from a positive 14 in Q1 to 0 in Q2, marking the lowest point since Q3 2021.
Construction Singapore
This decline was driven by reduced private residential and non-residential workloads.
However, infrastructure workloads showed some growth, and expectations for the next 12 months remain strong in this area.
Key challenges cited include increased competition, skills shortages, and the high cost of materials
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