Property prices, delays on the rise amid construction headwinds

Industry severely hit by soaring material costs, staff shortages and rising wage bills

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Construction industry veteran Ong Pang Aik cannot remember a time when the sector faced as many headwinds as it does now.

Soaring material costs, severe staff shortages and rocketing wage bills are putting the industry under unprecedented pressure.

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A version of this article appeared in the print edition of The Straits Times on August 23, 2021, with the headline Property prices, delays on the rise amid construction headwinds. Subscribe