Monday Wrap: Property cooling, retail caution, and tariff risks
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Singapore's economy faces cooling property and retail sectors amid tariff risks. HDB resale volumes fell 6.3% YoY in May, while retail growth is threatened by higher energy costs and softer tourism. UOB warns of potential trade and chip sector risks from US tariffs. Hiring sentiment hit a 2021 low, though AI skills command premiums. Financial resilience weakened sharply in 2026, with only 21% of households highly resilient. Despite these headwinds, Singapore shares held firm, with DBS expecting a July rebound driven by strong exports.
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