Singapore

Real estate & construction

basic_illustrations-50-small_business.pngRSM has experienced professionals who understand the different sectors within the Real Estate & Construction industry, to help you reach your goals.

The real estate industry remains a key driver of the Singapore economy. An ambitious projected population growth, fuelled by the inherent scarcity of land in Singapore, creates vast opportunities for the industry over the next decade. The strong pipeline of construction projects necessary to cope with the demand puts pressure on firms to handle mounting challenges from labour shortages, rising material costs, intense competition and changing regulations.

Find out how we help businesses from different parts of the real estate and construction value chain.

Addressing the hospitality industry’s weakest data security link

We are proud to partner with Singapore Hotel Association (SHA) to hold the “Is your Hotel at Risk of Non-Compliance – PDPA, GDPR & GST?” seminar for a full-house crowd of 100 SHA members.

2019 Real Estate Investment Excellence

Micromarkets, macro-opportunities Download Report 

6 things to consider when beginning your construction projects

To do well in the construction industry, planning is often as important as execution. Discover 6 important considerations for a comprehensive and detailed plan that covers various aspects of your construction project.

Key changes to the Code of Corporate Governance and implications for real estate companies

Learn more about how the changes to the Code will affect board matters, shareholder engagement, remuneration & nomination and accountability & audit as well as how these will impact listed real estate companies.

Cyber threats in the real estate sector may be too close for comfort

Cyber threats have grown in scale and scope. Hackers today do not limit their targets to just financial institutions and retail businesses; even real estate, building and construction businesses are not spared.

For unprotected contractors, hackers are just a click away

As construction companies increasingly adopt digital technology, the threat of a cyber invasion grows. Learn more about how constractors can enhance protection from hackers. Article by Daimon Geopfert (Principal) and Denise Bendele (Partner), RSM US  

5 ways construction companies can improve cash flow

The slowdown in Singapore’s construction industry is expected to persist in 2017 with many construction businesses expected to face challenges that continue to threaten long-term financial stability.

How hotels can benefit from outsourcing fixed asset management

Why fixed asset management is important to hotels? 

Real estate companies should use good governance oversight to drive performance in current challenging economic conditions

The deliberate departure from traditional business strategies and activities compels real estate companies to mature rapidly and corporatise. This allows them to have frameworks and processes that support their regional growth ambitions and investment portfolio expansion.

GST pain points for construction industry

Active GST-registered construction businesses generate over S$100m of sales in a financial year. With numerous cases where non-operating transactions of such construction businesses are incorrectly classified, the substantial amount of lost revenue has triggered an increasing number of audits by IRAS.

Construction business expansion beyond Singapore: what you need to know

As the construction industry faces a downturn in the Singapore real estate market, contractors are turning their attention to overseas opportunities. Singapore contractors are looking to partner global companies in key locations to bring in more profits. When looking to expand your construction business, you must carefully consider the obstacles you may face.

5 ways outsourcing back-office processes can accelerate growth for real estate developers

As the number of projects increase for real estate developers, the volume of back office work needed to keep operations running often drains them of valuable time and attention.

5 ways construction businesses can uncover growth opportunities

As the reality of an uncertain 2017 for Singapore sets in, the knee jerk reaction is for construction businesses to become more risk-averse. However, failure to take some degree of risk is unacceptable in any business. Here are 5 ways we think construction businesses can leverage for positive growth amid an uncertain economic environment.  

Lean construction: delivering tangible benefits

Article by Andy Monteith, RSM (United Kingdom).   Construction and infrastructure organisations in Singapore are continually looking to deliver improved customer service, realise more challenging efficiency targets and be more outcome focused.

Input tax apportionment concerning construction companies

While GST-registered construction companies largely make taxable supplies in the form of construction services, it is not uncommon to find secondary income streams recorded in their financial statements, such as:

GST considerations relating to early termination of lease

With the uncertain economic environment and the oversupply in the Singapore property market, the availability of cheaper retail/office spaces as well as rising business closures have led to an increase in tenants or landlords requesting for an early termination of lease.

Bid management...or bid mismanagement?

Article by RSM (United Kingdom).    This project is over budget, we aren’t going to deliver on time and the customer is not happy with us'. This is an all too familiar statement when our clients ask us to identify process and control breakdown within projects which are not going to plan.