Singapore condo builders face difficulty in servicing $23.5 billion debt as construction binge causes prices to slump further

Singapore Business Review, 10 Oct 2014
Singapore’s listed developers and real-estate investment trusts face their heaviest burden of near-term maturities on record just as home prices drop.
According to a report by Bloomberg, the 80 property companies on Singapore’s stock exchange reported a combined S$23.5 billion ($18.5 billion) of borrowings that have to be repaid within a year in their latest