Property developers' margins squeezed by higher land and construction costs, increase in agent commissions

Margins narrowed by 5-10% from pre-pandemic levels for nearly half of the developers, and by 10-20% for another one-third of them, according to a survey by NUS.

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The NUS poll also found that senior executives in the industry see cooling measures as the biggest risk to the Singapore real estate market in the next six months.
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