Friday, 16 August 2013

Singapore Infrastructure Report Q4 2013

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Singapore Infrastructure Report Q4 2013
Aug 14th 2013, 00:00

Price: $ 1295  

BMI View: 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 by the government and a poor export outlook, which could curb investment in non-residential buildings. The key drivers affecting infrastructure growth are: ? In April 2013, Changi Airport Group appointed a consortium to design the SGD600mn Terminal 4 at Changi International Airport. The consortiu ...

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