More housing sales, Lunar New Year boost renovation business

The renovation business in Singapore is experiencing a boom, all thanks to the hot property market and coming Lunar New Year.

Some contractors have seen business increase by 20 per cent from the last quarter of 2009.

The new year period is traditionally a boom time for contractors as homeowners usually want to refurbish in time for the Lunar New Year.

But more renovations mean the work takes a longer time to complete.

And in order to cope, contractors said they either increase the number of workers or decline some projects.

Source : Channel NewsAsia – 6 Jan 2010

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