THE value of projects under construction in Singapore is expected to be slashed next year, with the biggest impact to be felt in the central business district. The value of construction activity in Singapore is likely to fall 32 per cent to US$17 billion ($24.6 billion) next year from US$25 billion this year, said BCI Asia Construction Information, a construction industry research company that undertook...
BCI Asia
The construction sector in Southeast Asia and Hong Kong is expected to contract by 16 per cent next year, according to a report by regional construction information provider BCI Asia. BCI Asia predicts that in a worst-case scenario, the contraction could be up to 32 per cent. It released a preliminary four-year forecast for the construction markets of Hong Kong, Indonesia, Malaysia, Philippines,...