Chart of the day: Check out the biggest risks plaguing Singapore's property developers

Global economic slowdown, job losses are pressing concerns.

A whopping 9 in 10 (94.7%) of member firms in the Real Estate Developers’ Association of Singapore (REDAS) are expecting a slowdown in the global economy.

According to the Real Estate Sentiment Index (RESI), over 7 in 10 (70.2%) respondents pinpointed job losses and declines in domestic economy as potential risk factors in the next six months. Moreover, almost half (49.1%) expect further tightening of finance and liquidity in the debt market.

Over 2 in 10 (28.1%) respondents viewed excessive supply of property launches as a burgeoning risk factor. Meanwhile, over 2 in 10 (22.8%) are worried about the climbing inflation and interest rates.

In addition, respondents were warily positive on Brexit's impact on the local property landscape.

“The Singapore real estate market may see more interest in light of Brexit implications. Singapore may benefit from this, given its status as a leading financial hub and safe haven," commented one of the respondents.

"However, cooling measures are expected to remain unchanged, in view of the increased likelihood that interest rates are expected to remain lower for longer, given current global economic turbulence. Government should still be wary of a liquidity led price rebound,” added the respondent.

The RESI is jointly developed by REDAS, and the Department of Real Estate, National University of Singapore. The quarterly structured questionnaire survey is conducted among senior executives of REDAS member firms. RESI measures the perceptions and expectations of real estate development and market conditions in Singapore.

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