Plans are in the pipeline to make all new buildings in Singapore environmentally friendly. While this may mean higher development costs, Minister of State for National Development Grace Fu said long-term cost savings would be greater than the upfront costs. The government is considering making changes to the Building Control Act to mandate new buildings to be environmentally friendly. Such 'green...
Construction
The outlook for the construction sector is bright, says Minister of State for National Development Grace Fu.This year's construction demand forecast has been revised upwards to between S$14 billion and S$16 billion from the previous estimate of S$12 billion to S$13.5 billion. The sector's third quarter contribution to the GDP also grew by one per cent. And more will be done to raise the quality of...