Refurbishment businesses have been affected by the slow property market in Singapore. According to the Renovation and Decoration Advisory Centre (RADAC), which represents about 80 industry players, some firms have seen business drop by up to 50 per cent compared to three or four years ago when the property market was booming. Homeowners seem to have a smaller appetite for lavish renovation works as...
Renovation Contractors
It may be a property buyers' market now, but the poor economy has brought woes to another segment of the housing industry. The business slump is turning contractors into casualties of the recession, forcing some to tout for business. Residents in Punggol have recently become the targets of touts. Several callers to Channel NewsAsia's news hotline said they had been approached by many contractors seeking...