Worsening COVID-19 situation in China further disrupting Singapore’s construction sector

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The worsening COVID-19 situation in China is further disrupting the construction supply chain, hammering at an industry already grappling with manpower and material shortages. At least one construction firm in Singapore said it has seen prices of materials like steel and concrete go up by 10% since March. Soaring energy prices have also made transporting materials more expensive. For Build-to-Order projects already struck by delays, the Housing and Development Board said the global geo-political landscape and China’s COVID-19 situation add further uncertainties.

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