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Are developer debt fears overblown?
Analysts advise investors to keep tabs on debt and project sales. Some developers also leaning on recurring income streams; Aspial and Oxley are already deleveraging
Published Wed, Apr 10, 2019 · 09:50 PM
Singapore
AS PUNDITS squint at their recession-watch indicators and Hyflux becomes the latest cautionary tale, attention has fallen to Singapore's most leveraged companies and the question is where the next risks lie.
A quick scan shows that property developers are the most highly-leveraged among large- and mid-cap firms, with their average interest cover having trended downwards since the property market peaked in 2013.
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