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Singaporean (SGX) Real Estate Development Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies29
  • 7D2.0%
  • 3M3.3%
  • 1Y15.7%
  • YTDn/a

In the last week, the Real Estate Development industry is up 1.4%, with Frasers Property up 5.8%. Meanwhile, GSH actually underperformed within the industry, shrinking 7.4% in the last week. This means that the industry has gained 14% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025S$15.6bS$12.8bS$161.8m17.3x96.3x1.2x
Mon, 03 Nov 2025S$15.6bS$13.8bS$199.0m17.3x78.3x1.1x
Wed, 01 Oct 2025S$15.0bS$13.7bS$200.5m15.7x75x1.1x
Fri, 29 Aug 2025S$14.5bS$13.4bS$124.1m14.7x116.9x1.1x
Sun, 27 Jul 2025S$14.3bS$15.3b-S$125,872,960.9616.2x-113.3x0.9x
Tue, 24 Jun 2025S$14.1bS$16.9bS$113.0m14.1x124.5x0.8x
Thu, 22 May 2025S$14.0bS$17.0bS$51.3m13.6x273.6x0.8x
Sat, 19 Apr 2025S$13.2bS$16.9b-S$45,390,269.2513.4x-290x0.8x
Mon, 17 Mar 2025S$13.4bS$17.1b-S$50,694,754.1914.7x-264.3x0.8x
Wed, 12 Feb 2025S$14.0bS$19.5b-S$184,155,244.8918.8x-76.2x0.7x
Fri, 10 Jan 2025S$14.5bS$19.6b-S$196,212,835.6319.9x-73.7x0.7x
Sun, 08 Dec 2024S$14.6bS$19.6b-S$219,555,759.4117.4x-66.4x0.7x
Tue, 05 Nov 2024S$15.0bS$18.9b-S$444,384,419.9414.6x-33.8x0.8x
Thu, 03 Oct 2024S$14.7bS$18.8b-S$451,913,061.2413.8x-32.6x0.8x
Sat, 31 Aug 2024S$13.3bS$19.0b-S$352,121,519.8010.5x-37.7x0.7x
Mon, 29 Jul 2024S$13.4bS$18.2b-S$123,594,549.2916.4x-108.5x0.7x
Wed, 26 Jun 2024S$13.3bS$18.9b-S$118,042,320.2416.4x-112.9x0.7x
Fri, 24 May 2024S$13.5bS$18.5b-S$193,882,925.3523.5x-69.9x0.7x
Sun, 21 Apr 2024S$13.4bS$19.0b-S$37,017,784.9725x-360.7x0.7x
Tue, 19 Mar 2024S$13.3bS$18.9b-S$33,830,559.2223.1x-393.9x0.7x
Thu, 15 Feb 2024S$13.7bS$17.0bS$490.5m17.1x27.9x0.8x
Sat, 13 Jan 2024S$14.9bS$18.2bS$514.1m18.9x29x0.8x
Mon, 11 Dec 2023S$14.4bS$18.2bS$523.9m18.9x27.6x0.8x
Wed, 08 Nov 2023S$14.4bS$18.1bS$1.3b18.9x11x0.8x
Fri, 06 Oct 2023S$15.3bS$18.2bS$1.3b19.2x11.6x0.8x
Sun, 03 Sep 2023S$14.7bS$18.1bS$1.3b18.2x11.1x0.8x
Tue, 01 Aug 2023S$15.6bS$17.2bS$2.1b14.4x7.4x0.9x
Thu, 29 Jun 2023S$15.7bS$17.2bS$2.2b8.5x7.1x0.9x
Sat, 27 May 2023S$16.0bS$17.3bS$2.2b8.5x7.3x0.9x
Mon, 24 Apr 2023S$16.4bS$17.1bS$2.2b8.8x7.6x1x
Wed, 22 Mar 2023S$16.3bS$17.1bS$2.2b8.5x7.5x1x
Fri, 17 Feb 2023S$17.1bS$17.8bS$2.6b6.5x6.6x1x
Sun, 15 Jan 2023S$17.0bS$17.7bS$2.6b6.4x6.5x1x
Tue, 13 Dec 2022S$17.0bS$17.6bS$2.6b8.9x6.6x1x
Price to Earnings Ratio

6.6x


Total Market Cap: S$17.0bTotal Earnings: S$2.6bTotal Revenue: S$17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Development Industry Price to Earnings3Y Average -32.8x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Real Estate Development industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 95.6x which is higher than its 3-year average PE of -32.9x.
  • The 3-year average PS ratio of 0.85x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Development industry have declined 60% per year over the last three years,
  • Revenues have also declined 10% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Singaporean Real Estate Development compare with similar industries?

SG Market0.042%
Real Estate0.21%
Real Estate1.95%
Real Estate Development1.95%
Diversified Real Estate2.27%
Real Estate Operating Companies2.04%
Real Estate Services-3.02%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TQ5 Frasers PropertyS$1.105.8%
+S$235.6m		18.3%PE18.8x
B61 Bukit Sembawang EstatesS$4.6611.8%
+S$126.9m		29.1%PE12.2x
SHE Soon Hock Enterprise HoldingS$0.636.8%
+S$12.4m		n/aPE67.7x
Z25 Yanlord Land GroupS$0.690.7%
+S$9.7m		-0.7%PS0.3x
CTO Hong Lai Huat GroupS$0.07122.4%
+S$6.7m		22.4%PS55.4x

Latest News

BDX
S$0.20
GSH
7D
-7.4%
1Y
44.2%
B61
S$4.66
Bukit Sembawang Estates
7D
11.8%
1Y
29.1%

Bukit Sembawang Estates Limited's (SGX:B61) Shares Not Telling The Full Story

Dec 02
Bukit Sembawang Estates Limited's (SGX:B61) Shares Not Telling The Full Story
W05
S$1.42
Wing Tai Holdings
7D
-0.7%
1Y
14.5%
SHE
S$0.63
Soon Hock Enterprise Holding
7D
6.8%
1Y
n/a
TQ5
S$1.10
Frasers Property
7D
5.8%
1Y
18.3%
T24
S$0.33
Tuan Sing Holdings
7D
1.6%
1Y
22.6%
H13
S$2.14
Ho Bee Land
7D
-0.9%
1Y
12.0%

Here's Why Ho Bee Land (SGX:H13) Has A Meaningful Debt Burden

Oct 25
Here's Why Ho Bee Land (SGX:H13) Has A Meaningful Debt Burden
5UX
S$0.089
Oxley Holdings
7D
-2.2%
1Y
20.3%
C33
S$0.21
Chuan Hup Holdings
7D
-4.4%
1Y
36.1%
Z25
S$0.69
Yanlord Land Group
7D
0.7%
1Y
-0.7%

Yanlord Land Group Limited (SGX:Z25) Shares Fly 25% But Investors Aren't Buying For Growth

Sep 08
Yanlord Land Group Limited (SGX:Z25) Shares Fly 25% But Investors Aren't Buying For Growth
ADN
S$1.01
First Sponsor Group
7D
-1.9%
1Y
-2.9%

Is First Sponsor Group (SGX:ADN) Using Too Much Debt?

Aug 25
Is First Sponsor Group (SGX:ADN) Using Too Much Debt?
5JK
S$0.54
Hiap Hoe
7D
1.9%
1Y
-5.3%
5AE
S$0.026
Pollux Properties
7D
4.0%
1Y
23.8%
CTO
S$0.071
Hong Lai Huat Group
7D
22.4%
1Y
22.4%
5UA
S$0.03
Luminor Financial Holdings
7D
-31.8%
1Y
-50.0%
40V
S$0.023
Alset International
7D
-4.2%
1Y
-11.5%