by OrangeTee & Tie Pte Ltd.

Challenges for sector could last for rest of year, survey finds



Singapore, 23 Aug 2021

The construction industry's challenges could continue for the rest of the year at least, despite support from the Government, trade associations and banks.

About 88 per cent of developers recently polled by the National University of Singapore (NUS) indicated they were "very concerned" about high labour costs in the next six months, higher than the 71 per cent in the first quarter.

Around 58 per cent said they were worried about elevated building material costs, compared with 45.8 per cent in the first quarter.

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