Maturity wall looms over Singapore builders as home prices plummet
About $1.8b bonds are maturing this quarter.
According to a report by Bloomberg, record debt maturities are hanging over Singaporean real-estate firms' heads. This comes in tandem with home sales posting their longest-ever losing streak, straining the finances of builders less prepared to weather the storm.
Local builders and trusts have an unprecedented S$1.8b (US$1.3b) of local currency bonds maturing this quarter, $1.2b in Q4, and $3.7b in 2017.
Read the full report here.