Singapore’s property market is expected to remain resilient, supported by healthy supply factors in the office and retail sectors, according to a new report by S&P Global Ratings.
Southeast Asia’s leading property firms are expected to maintain stable credit profiles despite facing diverse operating conditions over the next year. The report, titled “Southeast Asia Property: Major Players Stay Solid,” outlines how some companies benefit from supportive policies and improved domestic funding, whilst others contend with oversupply and weak demand in the mass-market residential sector.
The report provides insights into specific markets within the region. In Indonesia, modest deleveraging is anticipated, driven by increased earnings from improved marketing sales and reduced refinancing risks. Meanwhile, Vietnam’s residential property market is showing signs of recovery, although developers continue to face high refinancing pressures. In the Philippines, large developers are adapting their strategies amidst industry challenges, but significant deleveraging remains unlikely due to ongoing investment for growth.
These findings are crucial for investors and stakeholders in the region’s property market, offering a comprehensive view of the current landscape and future prospects. The report is available to subscribers of RatingsDirect and can be accessed through S&P Global Ratings’ website.
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