New Market Report: Singapore Infrastructure Report Q1 2014
Our forecast for a slowdown in construction activity in Singapore continues to unfold, with construction growth in Q313 the lowest quarterly growth rate since Q211. 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 4.0% per annum between 2014 and 2020. This is due to declining housing demand, lower infrastructure...
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