Just Released: "Singapore Infrastructure Report Q4 2013"
The performance of Singapore's construction sector in the first half of 2013 is within our expectations, with growth in H113 lower than in H112. We therefore maintain our view that construction activity in Singapore will moderate in 2013 and continue to decline until the end of this decade. Real growth for Singapore's construction sector is forecast to reach 6.2% in 2013 and average 3.7% per annum between 2014 and 2020. This is due to declining housing demand, lower infrastructure spending...
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