Singapore builders overleveraged as debt matures

Singapore

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 billion in 2018, according to Bloomberg-compiled data.