Smaller developers may face liquidity squeeze: S&P
But overall sector remains resilient, with bonds maturing in next 24 months mainly from larger developers
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Singapore
WITH Singapore's real estate sector forming the lion's share of outstanding domestic bond issuance, scrutiny of the sector is intensifying following the fallout of marine engineering company Swiber Holdings.
In a report published on Wednesday, S&P Global Ratings said that the overall real estate sector remains resilient but some small developers may face liquidity squeeze, making them more vulnerable to repayment risks on bonds outstanding.
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