Steady Demand Meets Divergent Growth in Evolving Construction Dynamics
The latest Singapore & Regional Report offers key insights into the construction landscape across Asia in the first half of 2025. While global growth remains subdued, regional construction markets are buoyed by infrastructure investments, urbanization, and sustainability initiatives. Labour availability and rising wages continue to drive tender price escalation, though input costs have moderated in some cities.
Market conditions remain varied: Ho Chi Minh City and Manila forecast stronger price increases, while Singapore and Tokyo anticipate more measured trends. Policy developments are reshaping project delivery frameworks across multiple jurisdictions.
The report presents a comprehensive overview of construction cost trends, tender price movements, and economic indicators to help industry players navigate evolving market conditions and opportunities.