"Singapore Infrastructure Report Q3 2013" Published
Singapore's construction sector has grown at a faster rate than previously anticipated in Q113, prompting us to revise up our full-year growth forecasts for 2013 to 6.2% (previously 5.1%). This is despite a lack of trade activity in Singapore (a major driver of non-residential construction), several rounds of government measures to curb speculation in the buildings market, and lower fixed investment by the government. Despite the upward revision, we continue to expect this decline in construction activity to extend until...
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