HOCK LOCK SIEW
Property development no longer offers healthy returns for shareholders
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DEVELOPERS' profit margins from Singapore private housing development projects have thinned so much that shareholders may well ask management if engaging in this activity makes business sense.
It would not be surprising if the top brass at some companies are asking themselves the same question.
Pre-tax profit margins for some private housing projects are down to around 10-12 per cent, or even sub-10 per cent.
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