HOCK LOCK SIEW
Cooling property market could signal weaker construction demand ahead
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Yong Jun Yuan
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.
