Construction activity in Singapore hits low in Q2

There were fewer private residential and non-residential workloads.

Construction activities in Singapore declined in Q2 2024, driven by fewer private residential and non-residential workloads.

The RICS Global Construction Monitor revealed that the headline indicator for Q2, which captures overall construction sector activity, declined from +14 in Q1 to 0, the lowest since Q3 2021’s negative 17.

Private residential workloads also fell to its lowest reading since Q3 2021, dropping to -13 from +8 in Q1 2024.

Fewer players also reported increased infrastructure workloads in Q2, with the indicator dropping to +42 from +59 in Q1.

Workloads across subcategories, such as social projects like schools and hospitals, ICT, energy, water and waste, and transport, however, showed promising growth.

Meanwhile, 12-month expectations for the construction sector looked significantly more downbeat, with indicators for private residential workloads dropping from +12 in Q1 to 0, and private non-residential declining from +4 in Q1 to -29.

Infrastructure expectations, however, held strong with a reading of +57, up from +54 in Q1.

Competition was cited as the main factor holding the construction sector back (+61), followed by skills shortages (+57) and cost of materials (+52).

Across the region, there is a lack of skilled trades (+70), managers (+61) and Quantity Surveyors (+61).

Follow the link for more news on

RICS

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia