Construction Sector to Grow 12% in 2024, Outpacing GDP Growth Four Times
Construction Sector to Grow 12% in 2024, Outpacing GDP Growth Four Times
Recent built environment incentives like the enhanced Contractors Registration System (CRS), Productivity Innovation Project (PIP), Future Energy Fund, and Energy Efficient Grant are also driving activity.GDP for 2024 is expected to grow by 2% to 3%.
預計2024年的GDP將增長2%至3%。
Singapore's construction sector to rise 12% in productivity in 2024, outpacing the anticipated 2% to 3% GDP growth up to four times, Turner & Townsend reported.
據Turner & Townsend報道，預計到2024年，新加坡的建築板塊生產力將增長12%，超過預期的2%到3%的國內生產總值增長，高出4倍。
Construction volume for the year is anticipated to reach between S$32b to S$38b, boosted by government-backed initiatives and major state projects, such as Changi Airport Terminal 5 (T5) and Tuas Port.
受政府支持的倡議和重大國家項目的推動，如樟宜機場第5號客運綜合大樓（T5）和大士港，預計今年的建築施工量將達到325億元至380億元新幣。
Recent built environment incentives like the enhanced Contractors Registration System (CRS), Productivity Innovation Project (PIP), Future Energy Fund, and Energy Efficient Grant are also driving activity.
近期推出的增強承包商註冊系統（CRS）、生產力創新項目（PIP）、未來能源基金和能源高效津貼等建造環境激勵也推動了活動的增長。
The Singapore government is expected to contribute 55% of domestic construction projects, whilst the private sector is set to contribute 45%.
預計新加坡政府將爲國內建設項目貢獻55%，私營部門將貢獻45%。
In addition, Singapore's construction market is also benefitting from investment in digital infrastructure and the launch of the NEC4 contract by the Building Construction Authority (BCA) despite global economic uncertainty and geopolitical instability.
此外，儘管全球經濟不確定性和地緣政治不穩定性，但新加坡的建築市場也受益於數字基礎設施的投資和建築與施工局（BCA）推出的NEC4合同。
On the flip side, the departure of construction workers during the pandemic highlights the labor squeeze and rising costs to secure talent.
另一方面，疫情期間建築工人的離職凸顯了勞動力緊缺和爲招攬人才提高成本。
