Construction Cost

More public projects deferred to ease pressure on construction costs

The pace of cost increases has been rapid and unsettling for businesses so the government is implementing key measures to address office space constraints and spike in construction costs. Construction demand will continue to build up this year, with projected value of contracts to hit up to S$27 billion. At the same time, construction costs are climbing as well. Finance Minister Tharman Shanmugaratnam...

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