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Chart of the Day: Construction sector to bag S$19-27b deals in 2013
But executino problems still loom.
According to CIMB, construction companies typically go through feast and famine though it has been more feast than famine since 2007.
The range of infrastructure developments from the Land Use Paper clearly suggests that order books will remain fairly buoyant and stable.
"We expect S$19bn-27bn of construction contracts in 2013-14 and ~$27bn for 2015. For the contractors, delivering topline in the next few years does not seem to be too much of a problem," it said.
CIMB added that the problems lie in executing the contracts profitably as manpower constraints tighten.
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