News

Building & Engineering

Danielle Isaac

, Singapore

Published:

8 years ago

Outlook for Singapore's construction sector turns sour

Only two out of six indicators read positive.

The Singapore Commercial Credit Bureau (SCCB) released a lower but still positive overall business sentiment score of +2.6 ppt for Q4 this year.

However, indicators for the construction sector deteriorated after only two out of six indicators turned positive on a QoQ basis.

According to a SCCB press release, inventory levels have deteriorated further in negative territory from -7.14 percentage points in Q3 2017 to -30.0 percentage points in Q4 2017.

Net profits are expected to plunge from +7.14 ppt in Q3 2017 to 0 ppt in Q4 2017.

New orders will increase from -7.1 ppt to 0 ppt, whilst indicators for selling prices are expected to remain unchanged at 0 ppt.

However, volume of sales are expected to rise from +7.1 ppt to +10 ppt, and employment levels to +10ppt.

“Despite the optimism seen in the manufacturing and services sectors, a lacklustre construction demand in terms of contracts awarded will likely persist due primarily to a weak demand for private industrial and commercial projects,” commented Ms. Audrey Chia, SCCB’s chief executive officer.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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

Top News

Prime office space tightens despite overall gains

CBD Grade A rents rose 1.1% as vacancy hit a nine-quarter low.

Commercial Property

17 minutes ago

Singapore greenfield FDI projects in Dubai rise 22% in 2025

Singapore ranked seventh among Dubai’s source markets, with 33 announced projects worth $265m.

Markets & Investing

2 hours ago

Landed home sales ease to $5.4b in 1H 2026

Prestige landed properties remained resilient, with transaction value rising 19.3% YoY.

Residential Property

2 hours ago

Daily Markets Briefing: STI down 0.52%; Top stock is Thai Beverage

Thai Beverage is the top stock with a 1.15% increase.

Stocks

5 hours ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

2 days ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

4 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

5 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

6 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.