The impact of economic crisis has caused ‘manufacturing and financial services sectors were indicated to be significantly slower in 2012’ (EnterpriseOne 2011) . However, the construction, wholesale and retail trade was predicted to sluggish grow. For example, ‘construction sector is expected to grow from 1.2% to 1.8%’ (EnterpriseOne 2011).

 

The Building and Construction Authority (BCA) points out the contract worth of construction sector is ‘between SUD 21 billion and SUD 27 billion in 2012’ (Building and Construction Authority 2011). The contract includes ongoing construction projects, the volume of contracts awarded in the past several years. The BCA also foresees contract worth around ‘SUD 19 billion and SUD 27 billion in 2013 and 2014’ (Building and Construction Authority 2011) separately. National Development Minister Khaw Boon Wan revealed that the demand of ‘building programme in 2012 was 30,000 construction workers which were higher than the demand in 2011 which was 18,000’ (Straits Times 2012). It is expected the demand of ‘construction workers will reach to more than 45,000 in the next couple of years’ (Straits Times 2012).

 

As is well known, most construction workers are from overseas. The impact of the increase of construction sector causes the high demand of foreign workers. Singapore will also cause high level of on-site worker dormitories activities. In other words, construction sector of foreign worker dormitory is prosperous in 2012.

 

Reference List:

Building and Construction Authority 2011, News Release:  Promising outlook for construction sector demand in 2011, [online]. Available at URL: http://www.bca.gov.sg/Newsroom/pr12012011_CPPS.html [Accessed 16 Jan 2012].

EnterpriseOne 2011, Slower Growth For Manufacturing And Financial Services In 2012, [online]. Available at URL: http://www.enterpriseone.gov.sg/News/2011/Dec/111215%20Slower%20Growth%20For%20Manufacturing%20And%20Financial%20Services%20In%202012.aspx [Accessed 16 Jan 2012].

Straits Times 2012, Parliament: More construction workers needed for home-building programme, [online]. Available at URL: http://www.straitstimes.com/Parliament/Story/STIStory_753784.html [Accessed 16 Jan 2012].