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HOCK LOCK SIEW

Cooling property market could signal weaker construction demand ahead

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Yong Jun Yuan

Yong Jun Yuan

Published Wed, Aug 17, 2022 · 05:50 AM
    • Weakening property market sentiment could be a harbinger of flagging construction demand.
    • Weakening property market sentiment could be a harbinger of flagging construction demand. PHOTO: BT FILE

    CONSTRUCTION companies have been on a tear this recent half-year on improved earnings following the relaxation of Covid-19 restrictions on the inflow of migrant workers.

    But the industry may be sailing into troubled waters as Singapore’s red-hot property market begins cooling.

    Investors should look past the currently elevated levels of earnings across the whole sector before wading in.

    Hock Lock SiewConstructionProperty developers

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