Header cover image

Singaporean (SGX) Real Estate Industry Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies52
  • 7D3.3%
  • 3M-1.2%
  • 1Y8.2%
  • YTD-4.0%

The Real Estate industry is up 3.3% in the last week, with CapitaLand Investment up 4.4%. During this same period, the Capital World underperformed, falling 50%. This takes the industry's 12 month performance to a gain of 8.2%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

Has the Singaporean Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025S$53.0bS$32.5bS$523.1m13.5x101.3x1.6x
Tue, 18 Mar 2025S$54.6bS$32.6bS$522.0m14.9x104.7x1.7x
Thu, 13 Feb 2025S$53.6bS$35.1bS$1.0b14.4x53.1x1.5x
Sat, 11 Jan 2025S$53.8bS$35.2bS$749.0m14.2x71.8x1.5x
Mon, 09 Dec 2024S$56.7bS$35.2bS$725.4m14.4x78.2x1.6x
Wed, 06 Nov 2024S$58.1bS$34.5bS$468.5m12.5x124x1.7x
Fri, 04 Oct 2024S$57.2bS$34.5bS$459.3m12.2x124.5x1.7x
Sun, 01 Sep 2024S$52.8bS$34.5bS$481.4m9.7x109.7x1.5x
Tue, 30 Jul 2024S$51.7bS$34.5bS$1.4b11.9x37.8x1.5x
Thu, 27 Jun 2024S$51.0bS$35.2bS$1.4b11.9x37.1x1.4x
Sat, 25 May 2024S$52.4bS$34.9bS$1.3b13x40.1x1.5x
Mon, 22 Apr 2024S$49.9bS$35.4bS$1.5b14.7x34.1x1.4x
Wed, 20 Mar 2024S$51.9bS$35.2bS$1.5b13.9x35.6x1.5x
Fri, 16 Feb 2024S$53.9bS$33.6bS$2.3b11.7x23.7x1.6x
Sun, 14 Jan 2024S$57.4bS$34.7bS$2.2b16.1x25.8x1.7x
Tue, 12 Dec 2023S$56.4bS$34.8bS$2.2b16.6x25.1x1.6x
Thu, 09 Nov 2023S$56.8bS$34.7bS$3.1b16.1x18.6x1.6x
Sat, 07 Oct 2023S$58.6bS$34.7bS$3.1b16.6x19.2x1.7x
Mon, 04 Sep 2023S$59.9bS$34.6bS$3.0b16x19.7x1.7x
Wed, 02 Aug 2023S$63.4bS$32.6bS$5.4b12.7x11.7x1.9x
Fri, 30 Jun 2023S$62.1bS$32.9bS$6.2b9.9x10.1x1.9x
Sun, 28 May 2023S$64.4bS$33.0bS$6.1b9.1x10.5x2x
Tue, 25 Apr 2023S$68.0bS$32.8bS$6.1b9.1x11.1x2.1x
Thu, 23 Mar 2023S$65.4bS$32.8bS$6.1b8.9x10.6x2x
Sat, 18 Feb 2023S$69.5bS$32.5bS$7.5b8.9x9.3x2.1x
Mon, 16 Jan 2023S$69.3bS$32.5bS$7.5b7.7x9.3x2.1x
Wed, 14 Dec 2022S$68.2bS$32.4bS$7.5b8.9x9.1x2.1x
Fri, 11 Nov 2022S$64.0bS$32.5bS$7.3b8.8x8.7x2x
Sun, 09 Oct 2022S$67.2bS$32.7bS$7.4b9x9.1x2.1x
Tue, 06 Sep 2022S$71.2bS$32.8bS$7.4b9.5x9.6x2.2x
Thu, 04 Aug 2022S$73.6bS$32.3bS$5.5b11.7x13.3x2.3x
Sat, 02 Jul 2022S$72.5bS$32.4bS$4.4b11.1x16.5x2.2x
Mon, 30 May 2022S$72.7bS$32.3bS$4.3b10.7x16.9x2.3x
Wed, 27 Apr 2022S$74.6bS$32.6bS$4.5b10.4x16.5x2.3x
Price to Earnings Ratio

16.5x


Total Market Cap: S$74.6bTotal Earnings: S$4.5bTotal Revenue: S$32.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Industry Price to Earnings3Y Average 36.1x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 101x which is higher than its 3-year average PE of 36.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 51% 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 industry?

SG Market5.05%
Real Estate3.92%
Real Estate3.26%
Diversified Real Estate3.67%
Real Estate Operating Companies3.37%
Real Estate Services2.79%
Real Estate Development2.66%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 26.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 125% per year.
  • In contrast, the Real Estate Services industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
9CI CapitaLand InvestmentS$2.594.4%
+S$548.4m
5.3%PE27x
H78 Hongkong Land HoldingsUS$4.121.7%
+US$154.5m
45.6%PS4.5x
C09 City DevelopmentsS$4.694.7%
+S$187.6m
-18.3%PE22x
U06 Singapore Land GroupS$1.965.4%
+S$143.3m
8.9%PE9.9x
U14 UOL GroupS$5.642.7%
+S$126.7m
0.7%PE13.3x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

CTO

S$0.051

Hong Lai Huat Group

7D

-5.6%

1Y

45.7%

AZA

S$0.12

IPC

7D

-6.8%

1Y

35.2%

5AE

S$0.019

Pollux Properties

7D

-5.0%

1Y

-24.0%

U06

S$1.96

Singapore Land Group

7D

5.4%

1Y

8.9%

5JK

S$0.51

Hiap Hoe

7D

-1.0%

1Y

-26.3%

BDX

S$0.15

GSH

7D

-0.6%

1Y

-6.7%

5DM

S$0.021

Ying Li International Real Estate

7D

-8.7%

1Y

10.5%

Z25

S$0.45

Yanlord Land Group

7D

8.4%

1Y

12.5%

H78

US$4.12

Hongkong Land Holdings

7D

1.7%

1Y

45.6%

TQ5

S$0.78

Frasers Property

7D

3.3%

1Y

-1.9%

OU8

S$1.20

Centurion

7D

7.1%

1Y

160.9%

LJ3

S$0.94

OUE

7D

-1.1%

1Y

-11.3%

1D5

S$0.001

Capital World

7D

-50.0%

1Y

-50.0%