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Singaporean (SGX) Real Estate Industry Analysis

UpdatedMay 28, 2025
DataAggregated Company Financials
Companies53
  • 7D0.5%
  • 3M3.6%
  • 1Y9.3%
  • YTD3.2%

The Real Estate industry has been flat over the last week, but Yanlord Land Group has lost 3.2%. As for the the longer term, the industry is up 9.8% over the past 12 months. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 May 2025S$56.6bS$32.5bS$616.4m14.4x91.7x1.7x
Fri, 25 Apr 2025S$54.4bS$32.5bS$516.3m13.9x105.3x1.7x
Sun, 23 Mar 2025S$54.7bS$32.6bS$521.6m14.9x104.9x1.7x
Tue, 18 Feb 2025S$54.8bS$35.0bS$1.0b14.7x53x1.6x
Thu, 16 Jan 2025S$53.5bS$35.2bS$749.2m14x71.4x1.5x
Sat, 14 Dec 2024S$55.7bS$35.2bS$723.3m14.3x77x1.6x
Mon, 11 Nov 2024S$56.5bS$34.5bS$470.0m12.4x120.2x1.6x
Wed, 09 Oct 2024S$57.2bS$34.5bS$458.9m12.2x124.7x1.7x
Fri, 06 Sep 2024S$53.0bS$34.5bS$400.3m11x132.4x1.5x
Sun, 04 Aug 2024S$50.9bS$34.8bS$901.1m11.2x56.5x1.5x
Tue, 02 Jul 2024S$51.0bS$35.2bS$1.4b12.1x37.1x1.4x
Thu, 30 May 2024S$52.6bS$35.1bS$1.4b12.7x37.8x1.5x
Sat, 27 Apr 2024S$52.1bS$35.3bS$1.5b14.3x35.7x1.5x
Mon, 25 Mar 2024S$52.5bS$35.2bS$1.5b14.4x36x1.5x
Wed, 21 Feb 2024S$54.8bS$33.5bS$2.3b11.6x24.1x1.6x
Fri, 19 Jan 2024S$56.3bS$34.7bS$2.2b16.1x25.3x1.6x
Sun, 17 Dec 2023S$57.8bS$34.8bS$2.2b17.1x25.8x1.7x
Tue, 14 Nov 2023S$55.7bS$35.0bS$3.1b14.3x18.1x1.6x
Thu, 12 Oct 2023S$59.2bS$34.7bS$3.0b16.6x19.4x1.7x
Sat, 09 Sep 2023S$59.4bS$34.5bS$3.0b16.1x19.6x1.7x
Mon, 07 Aug 2023S$61.9bS$32.6bS$5.4b12.7x11.4x1.9x
Wed, 05 Jul 2023S$62.0bS$32.9bS$6.2b9.8x10.1x1.9x
Fri, 02 Jun 2023S$63.0bS$33.0bS$6.1b9.2x10.2x1.9x
Sun, 30 Apr 2023S$66.7bS$32.7bS$6.1b9.2x10.9x2x
Tue, 28 Mar 2023S$65.3bS$32.8bS$6.1b8.9x10.6x2x
Thu, 23 Feb 2023S$69.5bS$32.4bS$7.5b8.8x9.3x2.1x
Sat, 21 Jan 2023S$70.1bS$32.4bS$7.5b7.8x9.4x2.2x
Mon, 19 Dec 2022S$67.7bS$32.4bS$7.5b8.8x9x2.1x
Wed, 16 Nov 2022S$67.5bS$32.4bS$7.5b9.2x9x2.1x
Fri, 14 Oct 2022S$64.2bS$32.7bS$7.4b8.5x8.7x2x
Sun, 11 Sep 2022S$71.5bS$32.8bS$7.4b9.5x9.6x2.2x
Tue, 09 Aug 2022S$74.0bS$32.4bS$5.8b12.8x12.7x2.3x
Thu, 07 Jul 2022S$72.1bS$32.5bS$4.4b11.1x16.4x2.2x
Sat, 04 Jun 2022S$73.8bS$32.3bS$4.4b10.9x16.9x2.3x
Price to Earnings Ratio

16.9x


Total Market Cap: S$73.8bTotal Earnings: S$4.4bTotal Revenue: S$32.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Industry Price to Earnings3Y Average 39x202320242025
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 91.5x which is higher than its 3-year average PE of 38.9x.
  • 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 48% 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 Market0.29%
Real Estate0.34%
Real Estate0.50%
Real Estate Services2.83%
Real Estate Operating Companies0.67%
Diversified Real Estate0.52%
Real Estate Development-0.083%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 32.3x.
    • Analysts are expecting annual earnings growth of 13.5%, 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 32% over the next 5 years.
  • However this is lower than its past earnings growth rate of 145% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings grow by 8.3% 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
H78 Hongkong Land HoldingsUS$5.241.0%
+US$99.2m		56.4%PS5.8x
9CI CapitaLand InvestmentS$2.540.4%
+S$49.9m		-4.5%PE26.4x
PPC ProsperCapS$0.1426.6%
+S$46.6m		-31.0%PS0.9x
B61 Bukit Sembawang EstatesS$3.924.0%
+S$38.8m		10.1%PE9.3x
C09 City DevelopmentsS$4.770.8%
+S$35.7m		-20.1%PE22.3x
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Latest News

U06

S$1.98

Singapore Land Group

7D

-0.5%

1Y

9.4%

41O

S$0.51

LHN

7D

-2.9%

1Y

46.4%

OU8

S$1.37

Centurion

7D

2.2%

1Y

153.7%

C09

S$4.77

City Developments

7D

0.8%

1Y

-20.1%

City Developments Limited (SGX:C09) Shares Could Be 31% Below Their Intrinsic Value Estimate

May 19
City Developments Limited (SGX:C09) Shares Could Be 31% Below Their Intrinsic Value Estimate

H13

S$1.78

Ho Bee Land

7D

-0.6%

1Y

-5.3%

H78

US$5.24

Hongkong Land Holdings

7D

1.0%

1Y

56.4%

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Capital Recycling And Premium Assets Will Drive Vision 2035

Capital recycling, strategic investments, and share buybacks are poised to enhance shareholder value, flexibility, and earnings growth.

PPC

S$0.14

ProsperCap

7D

26.6%

1Y

-31.0%

A26

S$0.37

Sinarmas Land

7D

-1.3%

1Y

138.7%

U14

S$5.75

UOL Group

7D

0.5%

1Y

4.4%

9CI

S$2.54

CapitaLand Investment

7D

0.4%

1Y

-4.5%

Z25

S$0.46

Yanlord Land Group

7D

-3.2%

1Y

-4.2%

Is Yanlord Land Group (SGX:Z25) A Risky Investment?

Apr 21
Is Yanlord Land Group (SGX:Z25) A Risky Investment?

OYY

S$1.02

PropNex

7D

-1.9%

1Y

17.2%

F17

S$1.44

GuocoLand

7D

1.4%

1Y

-4.6%

W05

S$1.22

Wing Tai Holdings

7D

-0.8%

1Y

-17.0%

B61

S$3.92

Bukit Sembawang Estates

7D

4.0%

1Y

10.1%