Article

Singapore's construction sector is projected to grow significantly, with demand anticipated to reach 53 billion Singapore dollars by 2025, driven by major projects like the Las Vegas Sands development and a new Changi Airport terminal. However, rising costs and labor shortages, particularly in PMET roles, are challenging the industry, prompting the Building and Construction Authority to implement training programs and promote technology adoption. Analysts expect strong earnings growth for contractors, peaking in the 2028-29 financial year.