Preparing for a downturn: How construction sector is holding up

Tender market looking soft, companies scaling back plans

The construction sector grew an estimated 2.2 per cent in the second quarter, compared with the same period last year. This came on the heels of a 2.7 per cent expansion in the first quarter.
The construction sector grew an estimated 2.2 per cent in the second quarter, compared with the same period last year. This came on the heels of a 2.7 per cent expansion in the first quarter. ST PHOTO: KUA CHEE SIONG

Things were looking rosier for the once-beleaguered construction sector in the first half of this year, with several big projects launched, but it may not be out of the woods yet.

Industry players say the tender market looks soft for the rest of the year.

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A version of this article appeared in the print edition of The Sunday Times on July 21, 2019, with the headline 'Construction'. Subscribe