Half of developers moderately concerned about labour costs: survey

One in three are most concerned, whilst one in five are not concerned at all.

Half of developers expressed moderate concern over labour costs in the next six months, according to the National University of Singapore's (NUS) Real Estate Sentiment Index.

One in three developers express the most concern, whilst 20% are not concerned at all.

About 70% cited land costs, with 50% moderately concerned and 20% very concerned, whilst 30% are not concerned about this factor.

Meanwhile, 90% of developers worry about building material costs, with 80% moderately concerned and 10% each expressing the most concern or none at all.

Another 80% cited concerns over financing, with 70% moderately concerned and 10% very concerned, whilst 20% are not concerned at all.

Developers were split when it came to professional services, with 50% citing moderate concern and another 50% stating they are not concerned at all.

"The market might be resistant to significant price hikes given uncertainty around job security and the global macroeconomic environment," according to comments from NUS' survey respondents.

Photo from National University of Singapore

Follow the link for more news on

National University of Singapore

Chart of the Day

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia