Economic uncertainty hits property developers

Cautious investors, lack of funding could threaten firms' balance sheets, say analysts

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Real estate developers across Asia are looking at a tough year ahead as the odds of a global recession are rising fast.

Growing uncertainty is snuffing out potential property transactions, investments and purchases.

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A version of this article appeared in the print edition of The Straits Times on March 20, 2020, with the headline Economic uncertainty hits property developers. Subscribe