Global production and supply chain issues continue to hamper post pandemic recovery in the first half of 2022. Global metal prices remain more than 50 per cent above pre-COVID prices despite the recent softening of costs in May 2022. A surge in demand for the same pool of workers in the Southeast Asian region have pushed labour costs higher, even as borders reopened. Elevated construction prices are expected to persist throughout the year for cities covered in this report.
FURTHER INFORMATION:
RLB Singapore and Regional Construction Market Update…
The second half of 2023 was characterised by sticky core inflation and commodity price spikes and ...
RLB Singapore and Regional Construction Market Update…
Global economy has shown resilience in 2022 but is expected to moderate in 2023 due to the economic ...
RLB Singapore and Regional Construction Market Update…
The second half of 2022 was characterised by high inflation, interest rates, oil and gas prices and ...
RLB Singapore and Regional Construction Market Update…
The region rebounded in 2021 from the low bases of 2020 even as we continue to live with COVID-19 ...
RLB Singapore and Regional Construction Market Update…
Capturing a more holistic picture of the region, the latest update includes updates from the Phnom ...
