Low Keng Huat posts Q3 loss, warns of poor sentiment from property cooling measures

Singapore

MAINBOARD-LISTED builder Low Keng Huat (Singapore) has warned that property market softness from cooling measures lingers on, even as it sank into the red on the back of a sole private-home launch in the third quarter.

It posted a net loss of S$774,000 for the three months to Oct 31, reversing earnings of S$2.63 million previously, despite revenue surging by 34.1 per cent to S$12.4 million, according to financial statements out on Friday.