Construction industry sees light at end of tunnel

Upturn in growth prospects and employment driven by large developments in the pipeline

The Building and Construction Authority noted that public construction demand could come in at between $16.5 billion and $19.5 billion this year, with the total demand forecast to be between $27 billion and $32 billion. Upcoming projects include the
The Building and Construction Authority noted that public construction demand could come in at between $16.5 billion and $19.5 billion this year, with the total demand forecast to be between $27 billion and $32 billion. Upcoming projects include the Tuas mega port and Jurong Lake District.ST FILE PHOTO
The Building and Construction Authority noted that public construction demand could come in at between $16.5 billion and $19.5 billion this year, with the total demand forecast to be between $27 billion and $32 billion. Upcoming projects include the
GREYFORM CHIEF EXECUTIVE BOB CHAN

It has been a tough few years in the building trade but construction boss Chua Tong Seng is finally feeling good about his company's prospects.

"I think things are getting better," he said, pointing to improved demand due to large developments in the pipeline such as the Tuas mega port, the Jurong Lake District and expansion of the integrated resorts.

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A version of this article appeared in the print edition of The Straits Times on June 19, 2019, with the headline 'Construction industry sees light at end of tunnel'. Subscribe