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“This is a huge problem for us. If we have confirmed construction projects and income, then it may offset some of these additional costs. But if we have fewer jobs, then SMEs (small and medium-sized enterprises) like us are in trouble,” said the firm’s director Nge Su Yong.
“On top of accommodation, we still have to pay workers’ salaries and other expenses. We might face a shortage in funds.”
The company found a condominium space for about S$4,000 per month to accommodate six employees. However, the firm is uncertain if the solution is sustainable.
“We don’t have a solution. If we want projects, we need workers. If we hire workers, we have to deal with all these (accommodation) problems and expenses. If we are unable to handle all these overheads, we face the threat of closing down,” Mdm Nge told CNA in Mandarin.
The lack of living quarters within their budget has led OS Builders to delay the arrival of four new foreign workers.
“For many of us SMEs, business has not been smooth as of late due to all these hike in expenses. For example, workers’ wages go up but the projects we get do not give us more revenue. Still, I must still be responsible for my workers and my business, I can’t just give up,” she said.
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