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Local Prospects

Committed support from Government through to 2011:

  • Government ramping up construction spending

    • S$18 billion to S$20 billion worth of contracts to be injected into economy this year

    • Another S$15 to S$17 billion to be pumped in for building and infrastructure projects in 2010 and 2011 each

  • Major public projects to be awarded this year include the National Research Foundation’s research campus, JTC Corp’s International School Campus at Tampines, and support facilities for Gardens by the Bay at Marina South

Construction sector holds up in 2Q2009:

  • Momentum in the construction sector picked up strongly after a moderation in the first quarter

    • The construction sector grew by 32.7% compared to 1Q2009’s 9.6%, driven by the growth in both public and private construction activities

Business Times, August 11, 2009

  • Construction sector

shows least pessimism

  • The construction

sector emerged the “star performer” for a second consecutive quarter

Straits Times, March 24, 2009

29

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