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Singapore builders overleveraged as debt matures

Building and construction awards are set to fall for the first time since 2012 after shrinking every quarter this year.


SINGAPORE'S builders are entering 2016 with another wall of debt coming due, falling confidence and declining earnings.

After a record S$9.6 billion of bonds were repaid this year, the industry faces S$6.4 billion of maturities next year, S$2.3 billion in 2017 and S$7.4