THE LEVEL GROUND
·
SUBSCRIBERS
Is Singapore residential development a viable business?
Margins are thinning, but the Singapore market has some stable, reliable strengths that keep long-term players going
Published Mon, May 31, 2021 · 09:50 PM
Singapore
DEVELOPERS' profit margins from Singapore private housing development projects have thinned with net margins for some private housing projects estimated to be around 10 per cent or less.
While home prices are buoyant, increases in construction costs, land costs and agent commissions have squeezed margins. In the near term, shortage of construction workers will delay project completions and add to costs.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
