{"id":75667,"date":"2018-01-03T10:39:30","date_gmt":"2018-01-03T03:39:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-sector-remained-sluggish-in-q4-2017\/"},"modified":"2018-01-03T11:03:02","modified_gmt":"2018-01-03T04:03:02","slug":"construction-sector-remained-sluggish-in-q4-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-sector-remained-sluggish-in-q4-2017\/","title":{"rendered":"Construction sector remained sluggish in Q4 2017"},"content":{"rendered":"


\nSingapore\u2019s construction segment continued to weaken for the fourth straight quarter in Q4 2017, declining by 8.5 percent on a quarterly basis due to sluggish building activities in the private sector, reported TODAYonline, citing statistics from the Ministry of Trade and Industry.
\nAlthough the recovery in the private property market is anticipated to continue this year, its positive effect on the construction sector is expected to be felt later. This is because the redevelopment of en bloc sites are expected to commence in 2H 2018 at the earliest and this depends on buyer demand.
\n\u201cIf take-up (at property launches) is excellent, developers will rush construction. If sales are not as good as expected, developers will pace the construction more gradually,\u201d explained Suntec Real Estate Consultants Research Director Colin Tan.
\nMeanwhile, Singapore\u2019s gross domestic product (GDP) rose by 3.1 percent in Q4 2017. While it was lower than the 5.4 percent hike in the prior quarter, it was sufficient to push the full-year economic growth to 3.5 percent.
\nThe last mentioned figure is not only higher than the government\u2019s initial forecast by over two-fold, it is within the upper range of their projection of between three percent and 3.5 percent.
\nThe economic growth was driven by the manufacturing sector, which posted the highest year-on-year gain of 6.2 percent in the fourth quarter.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Construction sector remained sluggish in Q4 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore\u2019s construction segment continued to weaken for the fourth straight quarter in Q4 2017, declining...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-75667","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jGr","jetpack-related-posts":[{"id":4720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-contractor-drake-scull-q4-net-profit-jumps-despite-construction-sector-slowdown\/","url_meta":{"origin":75667,"position":0},"title":"Dubai contractor Drake & Scull Q4 net profit jumps despite construction sector slowdown","date":"February 14, 2016","format":false,"excerpt":"\r \r Dubai's Drake & Scull (DSI) posted a substantial jump in its fourth-quarter net profit on Sunday, with the contractor's earnings aided by higher revenue despite a slowdown in the regional construction sector.It posted a net profit of Dh14.7 million in the three months to December 31, compared with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-expect-government-to-introduce-property-cooling-measures\/","url_meta":{"origin":75667,"position":1},"title":"More expect government to introduce property cooling measures","date":"February 10, 2021","format":false,"excerpt":"\r More expect government to introduce property cooling measuresThe quarterly survey polled around 40 to 50 senior executives in the real estate sector. 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