Construction companies in Singapore are reportedly suffering due to a variety of factors , including tightening immigration policies , rising unemployment rates , a weakening economy , and an increasing supply of housing . This has led to significant decline in the construction sector which grew only 1.5 % in 1H 2007 , down from 5.2 % in the previous decade . However , a number of public construction projects are to be undertaken in the next five years , which may provide the sector with a much - needed boost , notably Project infrastructure and the North - speed rail project .
Construction companies in Singapore are reportedly suffering due to a combination of factors, including tightening immigration policies, rising interest rates, a weakening economy, and an increasing supply of housing. This has led to significant decline in the construction sector which grew only 1.5% in 1H 2015, down from 5.2% in the previous year. However, a number of public construction projects are to be undertaken in the next five years, which may provide the sector with a much-needed boost, notably Project Jewel and the North-South Highway project.