The construction industry is feeling the effects of the global economic slowdown. Organisations are undergoing restructuring, cutting cost and streamlining operations as business remains slow. Consumer confidence has also dipped considerably and the weakened demand is taking its toll on construction projects. Despite this gloomy outlook, the transportation and healthcare sectors continue to defy the odds with experienced professionals remaining in high demand.
The healthcare segment is boosted by the Ministry of Health’s 2025 plan to prepare the country for the ageing population. Following a regional trend, initiatives and projects have been set in place to decentralise the healthcare system and improve accessibility to healthcare services.
Transportation has also remained a strong focus, with increased activity in public infrastructure projects. Singapore’s MRT in particular is investing significantly on expansion and upgrading works. In addition, professionals and organisations with transportation infrastructure experience in Singapore are gaining regional recognition and are increasingly sought-after for overseas projects.