SINGAPORE (Sept 8): S&P Global Ratings says Singapore’s real estate sector is expected to withstand the current volatility in the local currency bond market, even as the Swiber collapse in August fuelled public fears over more such occurrences.

“The dominance of large players in Singapore's real-estate industry should provide some cushion to absorb downside risk in the domestic bond market," says S&P credit analyst Chan Kah Ling in a Wednesday report.

“Despite their high leverage and some weakness in the property industry, we believe that the REITs and the larger developers have the financial stability to weather the near-term market weakness, unlike the volatile oil and gas sector,” Chan adds.

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