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Singaporean (SGX) Real Estate Industry Analysis

UpdatedMar 22, 2023
DataAggregated Company Financials
Companies58
  • 7D-0.2%
  • 3M-5.3%
  • 1Y-10.4%
  • YTD-5.6%

The Real Estate industry has been flat over the last week, but Hongkong Land Holdings has lost 3.6%. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to grow by 3.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Mar 2023S$65.2bS$32.8bS$6.1b9x10.6x2x
Fri, 17 Feb 2023S$69.5bS$32.5bS$7.5b8.9x9.3x2.1x
Sun, 15 Jan 2023S$69.3bS$32.5bS$7.5b7.7x9.3x2.1x
Tue, 13 Dec 2022S$67.5bS$32.4bS$7.5b8.9x9x2.1x
Thu, 10 Nov 2022S$64.0bS$32.5bS$7.3b8.8x8.7x2x
Sat, 08 Oct 2022S$67.2bS$32.7bS$7.4b9x9.1x2.1x
Mon, 05 Sep 2022S$71.3bS$32.8bS$7.4b9.5x9.6x2.2x
Wed, 03 Aug 2022S$73.3bS$32.3bS$5.5b12x13.2x2.3x
Fri, 01 Jul 2022S$72.6bS$32.4bS$4.4b11x16.6x2.2x
Sun, 29 May 2022S$72.7bS$32.6bS$4.4b10.1x16.6x2.2x
Tue, 26 Apr 2022S$74.5bS$32.7bS$4.5b10.4x16.5x2.3x
Thu, 24 Mar 2022S$73.9bS$33.3bS$4.5b10.8x16.5x2.2x
Sat, 19 Feb 2022S$75.2bS$30.3b-S$1,391,588,514.0012.5x-54.1x2.5x
Mon, 17 Jan 2022S$74.1bS$29.7b-S$1,448,562,063.0012.6x-51.2x2.5x
Wed, 15 Dec 2021S$73.5bS$29.7b-S$1,538,319,747.0012.3x-47.8x2.5x
Fri, 12 Nov 2021S$96.9bS$34.6b-S$2,306,549,045.0013.3x-42x2.8x
Sun, 10 Oct 2021S$94.2bS$34.5b-S$2,304,229,152.0013.8x-40.9x2.7x
Tue, 07 Sep 2021S$76.7bS$34.3b-S$2,306,950,911.9312.8x-33.2x2.2x
Thu, 05 Aug 2021S$76.4bS$34.5b-S$2,372,779,048.6712.9x-32.2x2.2x
Sun, 09 May 2021S$77.6bS$32.8b-S$3,906,392,827.0012.5x-19.9x2.4x
Wed, 10 Feb 2021S$69.4bS$31.3b-S$5,600,005,581.2311.9x-12.4x2.2x
Tue, 03 Nov 2020S$60.0bS$33.1b-S$1,552,845,600.9711.3x-38.6x1.8x
Fri, 07 Aug 2020S$63.0bS$32.7bS$1.1b10.7x59.6x1.9x
Thu, 30 Apr 2020S$65.1bS$33.6bS$4.8b8.2x13.5x1.9x
Price to Earnings Ratio

12.6x


Total Market Cap: S$60.6bTotal Earnings: S$4.8bTotal Revenue: S$33.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Industry Price to Earnings3Y Average -5.3x202120222023
Current Industry PE
  • Investors are pessimistic on the Singaporean Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.6x which is higher than its 3-year average PE of -5.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 8.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Singaporean Real Estate industry?

SG Market0.83%
Real Estate-0.14%
Real Estate-0.18%
Real Estate Services1.98%
Diversified Real Estate1.63%
Real Estate Development-0.41%
Real Estate Operating Companies-1.02%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 22.0%, which is lower than the prior year's growth of 35.6% per year.
  • Investors are most pessimistic about the Diversified Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 22% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings decline by 29% 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$3.551.4%
+S$256.1m
-8.0%PE21.1x
U14 UOL GroupS$6.683.2%
+S$177.4m
-5.2%PE11.5x
C09 City DevelopmentsS$7.222.0%
+S$127.0m
-3.1%PE5.1x
T24 Tuan Sing HoldingsS$0.334.8%
+S$18.3m
-17.5%PE87.6x
1J0 SLB DevelopmentS$0.1120.9%
+S$17.3m
n/aPE4.5x
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Latest News

Z25

S$0.86

Yanlord Land Group

7D

-2.3%

1Y

-29.7%

O10

S$1.03

Far East Orchard

7D

-2.8%

1Y

-6.4%

1J0

S$0.11

SLB Development

7D

20.9%

1Y

n/a

H78

US$4.28

Hongkong Land Holdings

7D

-3.6%

1Y

-13.5%

OYY

S$1.88

PropNex

7D

1.6%

1Y

6.2%

H13

S$2.22

Ho Bee Land

7D

-0.9%

1Y

-23.7%

C09

S$7.22

City Developments

7D

2.0%

1Y

-3.1%

T24

S$0.33

Tuan Sing Holdings

7D

4.8%

1Y

-17.5%

ADN

S$1.27

First Sponsor Group

7D

-1.6%

1Y

-6.6%

B61

S$4.24

Bukit Sembawang Estates

7D

-4.1%

1Y

-15.0%

F17

S$1.57

GuocoLand

7D

0.6%

1Y

6.1%