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RE: LeoThread 2025-12-12 21-32

in LeoFinanceyesterday

Part 5/13:

  • Low Barriers to Entry: The renovation industry is easy to enter. Legally, most contractors only need a license from HDB if doing structural work, which is stringent, but many unlicensed operators work in the shadows or operate with licenses obtained through loopholes, risking poor quality work.

  • Diverse Industry Players: The ecosystem includes interior designers (ID), renovation contractors, subcontractors, material suppliers, and unlicensed operators. The lack of coordinated oversight often leads to inconsistent quality and unprofessional conduct.