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Singaporean (SGX) Real Estate Sector Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies88
- 7D-4.1%
- 3M4.3%
- 1Y24.9%
- YTD1.7%
Over the last 7 days, the Real Estate industry has dropped 4.0%, driven by CapitaLand Investment declining 5.6%. Over the past 12 months, the industry was up 24%. Looking forward, earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Singaporean Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Mar 2026 | S$177.1b | S$42.5b | S$8.4b | 17x | 21.2x | 4.2x |
| Mon, 02 Feb 2026 | S$185.8b | S$41.6b | S$6.8b | 18.9x | 27.5x | 4.5x |
| Wed, 31 Dec 2025 | S$172.9b | S$41.7b | S$6.3b | 18x | 27.3x | 4.1x |
| Fri, 28 Nov 2025 | S$169.5b | S$41.7b | S$6.4b | 17.7x | 26.7x | 4.1x |
| Sun, 26 Oct 2025 | S$171.4b | S$42.7b | S$6.2b | 18.6x | 27.6x | 4x |
| Tue, 23 Sep 2025 | S$166.5b | S$42.5b | S$6.0b | 17.5x | 27.5x | 3.9x |
| Thu, 21 Aug 2025 | S$160.5b | S$42.4b | S$6.0b | 17.3x | 26.9x | 3.8x |
| Sat, 19 Jul 2025 | S$157.1b | S$45.6b | S$4.8b | 18.2x | 32.5x | 3.4x |
| Mon, 16 Jun 2025 | S$146.7b | S$45.4b | S$4.8b | 17.8x | 30.6x | 3.2x |
| Wed, 14 May 2025 | S$145.1b | S$45.4b | S$5.0b | 16.7x | 28.8x | 3.2x |
| Fri, 11 Apr 2025 | S$136.7b | S$45.3b | S$4.8b | 18x | 28.8x | 3x |
| Sun, 09 Mar 2025 | S$141.5b | S$45.3b | S$4.8b | 17.9x | 29.7x | 3.1x |
| Tue, 04 Feb 2025 | S$141.7b | S$48.1b | S$3.8b | 16.8x | 37.4x | 2.9x |
| Thu, 02 Jan 2025 | S$143.0b | S$48.0b | S$3.9b | 16.2x | 36.5x | 3x |
| Sat, 30 Nov 2024 | S$144.7b | S$47.9b | S$3.9b | 14.7x | 36.9x | 3x |
| Mon, 28 Oct 2024 | S$148.8b | S$47.2b | S$3.5b | 14.2x | 42.8x | 3.2x |
| Wed, 25 Sep 2024 | S$151.5b | S$47.1b | S$3.5b | 13.9x | 42.8x | 3.2x |
| Fri, 23 Aug 2024 | S$143.0b | S$48.6b | S$3.7b | 12.9x | 38.2x | 2.9x |
| Sun, 21 Jul 2024 | S$141.0b | S$47.1b | S$4.2b | 13.2x | 33.4x | 3x |
| Tue, 18 Jun 2024 | S$136.2b | S$47.8b | S$3.9b | 13.3x | 34.5x | 2.8x |
| Thu, 16 May 2024 | S$138.2b | S$47.6b | S$3.9b | 15.9x | 35.6x | 2.9x |
| Sat, 13 Apr 2024 | S$140.5b | S$48.0b | S$4.5b | 15.6x | 31.2x | 2.9x |
| Mon, 11 Mar 2024 | S$140.8b | S$47.7b | S$4.5b | 14.9x | 31.1x | 2.9x |
| Wed, 07 Feb 2024 | S$144.4b | S$46.5b | S$5.5b | 16.2x | 26.1x | 3.1x |
| Fri, 05 Jan 2024 | S$157.6b | S$47.7b | S$6.7b | 15.3x | 23.6x | 3.3x |
| Sun, 03 Dec 2023 | S$150.8b | S$47.8b | S$6.7b | 14.9x | 22.6x | 3.2x |
| Tue, 31 Oct 2023 | S$143.4b | S$47.7b | S$8.1b | 13.7x | 17.7x | 3x |
| Thu, 28 Sep 2023 | S$152.5b | S$47.7b | S$8.3b | 14.8x | 18.5x | 3.2x |
| Sat, 26 Aug 2023 | S$155.7b | S$47.4b | S$8.8b | 15.3x | 17.7x | 3.3x |
| Mon, 24 Jul 2023 | S$163.9b | S$45.4b | S$12.4b | 12.5x | 13.3x | 3.6x |
| Wed, 21 Jun 2023 | S$163.8b | S$45.4b | S$12.4b | 12.4x | 13.2x | 3.6x |
| Fri, 19 May 2023 | S$164.7b | S$45.5b | S$12.4b | 12.2x | 13.3x | 3.6x |
| Sun, 16 Apr 2023 | S$171.5b | S$45.2b | S$12.9b | 13x | 13.3x | 3.8x |
| Tue, 14 Mar 2023 | S$162.6b | S$45.3b | S$12.9b | 10.9x | 12.6x | 3.6x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are relatively neutral on the Singaporean Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 27.5x.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 19% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Singaporean Real Estate sector?
| SG Market | -3.02% | |
| Real Estate | -4.08% | |
| Residential REITs | 0% | 0 |
| Health Care REITs | -0.33% | |
| Specialized REITs | -1.52% | |
| Retail REITs | -1.99% | |
| REITS | -2.66% | |
| Industrial REITs | -3.35% | |
| Office REITs | -3.44% | |
| Hotel and Resort REITs | -4.50% | |
| Real Estate | -5.48% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 2.7%, which is lower than the prior year's growth of 250.2% per year.
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 84.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 21% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Health Care REITs industry is expected to see its earnings decline by 9.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADN First Sponsor Group | S$1.03 | 1.0% +S$11.3m | 1.0% | PS4x | |
| F1E Low Keng Huat (Singapore) | S$0.78 | 0.6% +S$3.7m | 147.6% | PS2.2x | |
| PPC ProsperCap | S$0.062 | 3.3% +S$3.2m | -38.0% | PS0.4x | |
| 5PC Goodland Group | S$0.13 | 5.7% +S$2.5m | 13.0% | PE30.9x | |
| 581 Sunrise Shares Holdings | S$0.03 | 7.1% +S$590.1k | 50.0% | PS2.6x |
