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Singaporean (SGX) Real Estate Industry Analysis

UpdatedMay 09, 2025
DataAggregated Company Financials
Companies53
  • 7D-1.4%
  • 3M3.3%
  • 1Y9.7%
  • YTD1.2%

Over the last 7 days, the Real Estate industry has remained flat, although notably Hongkong Land Holdings gained 3.1%. As for the the longer term, the industry is up 10% over the past 12 months. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 May 2025S$55.5bS$32.5bS$519.1m14.4x106.8x1.7x
Sun, 06 Apr 2025S$54.5bS$32.7bS$515.2m14x105.7x1.7x
Tue, 04 Mar 2025S$54.6bS$32.7bS$839.6m14.5x65x1.7x
Thu, 30 Jan 2025S$53.6bS$35.2bS$1.0b14.2x53.1x1.5x
Sat, 28 Dec 2024S$54.8bS$35.2bS$723.4m13.8x75.8x1.6x
Mon, 25 Nov 2024S$56.6bS$35.2bS$689.6m12.9x82x1.6x
Wed, 23 Oct 2024S$56.2bS$34.5bS$472.2m12.7x119x1.6x
Fri, 20 Sep 2024S$55.7bS$34.4bS$391.9m12.7x142.2x1.6x
Sun, 18 Aug 2024S$50.3bS$35.9bS$608.9m10.3x82.7x1.4x
Tue, 16 Jul 2024S$52.3bS$34.5bS$1.4b11.7x38.2x1.5x
Thu, 13 Jun 2024S$51.2bS$35.2bS$1.4b12.5x37.2x1.5x
Sat, 11 May 2024S$52.2bS$35.3bS$1.5b14.5x35.8x1.5x
Mon, 08 Apr 2024S$52.7bS$35.3bS$1.5b13.9x35.9x1.5x
Wed, 06 Mar 2024S$51.6bS$35.3bS$1.6b12.8x32.6x1.5x
Fri, 02 Feb 2024S$55.1bS$35.2bS$2.3b16.1x24.3x1.6x
Sun, 31 Dec 2023S$58.9bS$34.7bS$2.2b17.4x26.4x1.7x
Tue, 28 Nov 2023S$56.9bS$34.8bS$2.2b15.3x25.3x1.6x
Thu, 26 Oct 2023S$55.9bS$34.7bS$3.1b16.2x18.3x1.6x
Sat, 23 Sep 2023S$59.0bS$34.7bS$3.1b15.6x19.3x1.7x
Mon, 21 Aug 2023S$59.2bS$34.4bS$3.4b16.1x17.3x1.7x
Wed, 19 Jul 2023S$62.5bS$32.8bS$6.1b9.8x10.2x1.9x
Fri, 16 Jun 2023S$63.6bS$32.9bS$6.1b9.7x10.4x1.9x
Sun, 14 May 2023S$66.0bS$33.0bS$6.2b8.9x10.7x2x
Tue, 11 Apr 2023S$67.2bS$30.5bS$6.5b9.1x10.3x2.2x
Thu, 09 Mar 2023S$66.2bS$32.8bS$6.1b9.2x10.8x2x
Sat, 04 Feb 2023S$71.9bS$32.6bS$7.5b7.8x9.6x2.2x
Mon, 02 Jan 2023S$68.6bS$32.4bS$7.5b8.3x9.2x2.1x
Wed, 30 Nov 2022S$66.7bS$32.3bS$7.5b9.1x8.9x2.1x
Fri, 28 Oct 2022S$61.8bS$32.5bS$7.3b8.2x8.4x1.9x
Sun, 25 Sep 2022S$70.1bS$32.7bS$7.4b9.4x9.5x2.1x
Tue, 23 Aug 2022S$73.1bS$32.9bS$7.2b9.9x10.1x2.2x
Thu, 21 Jul 2022S$72.0bS$32.4bS$4.4b10.9x16.4x2.2x
Sat, 18 Jun 2022S$72.6bS$32.4bS$4.4b10.6x16.6x2.2x
Mon, 16 May 2022S$71.7bS$32.5bS$4.5b10.1x15.9x2.2x
Price to Earnings Ratio

15.9x


Total Market Cap: S$71.7bTotal Earnings: S$4.5bTotal Revenue: S$32.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Industry Price to Earnings3Y Average 37.6x202320242025
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 108x which is higher than its 3-year average PE of 37.6x.
  • 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 Market0.26%
Real Estate-1.44%
Real Estate-1.43%
Real Estate Development0.71%
Real Estate Services-0.34%
Diversified Real Estate-1.51%
Real Estate Operating Companies-2.36%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 27.6x.
    • Analysts are expecting annual earnings growth of 13.4%, 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 31% 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
H78 Hongkong Land HoldingsUS$5.043.1%
+US$328.1m		54.1%PS5.5x
F17 GuocoLandS$1.442.1%
+S$33.3m		-3.4%PE13.4x
B61 Bukit Sembawang EstatesS$3.632.5%
+S$23.3m		8.0%PE8.7x
A26 Sinarmas LandS$0.321.6%
+S$21.3m		109.2%PE5.6x
H30 Hong FokS$0.763.4%
+S$20.5m		-9.0%PE26.2x
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Latest News

Z59

S$0.076

Yoma Strategic Holdings

7D

10.1%

1Y

35.7%

H30

S$0.76

Hong Fok

7D

3.4%

1Y

-9.0%

H13

S$1.82

Ho Bee Land

7D

1.1%

1Y

-5.2%

H78

US$5.04

Hongkong Land Holdings

7D

3.1%

1Y

54.1%

U14

S$5.70

UOL Group

7D

-1.2%

1Y

2.0%

O10

S$1.04

Far East Orchard

7D

2.0%

1Y

1.0%

9CI

S$2.51

CapitaLand Investment

7D

-8.7%

1Y

-2.0%

C09

S$4.83

City Developments

7D

-2.8%

1Y

-18.5%

U06

S$1.97

Singapore Land Group

7D

-1.5%

1Y

9.4%

OYY

S$1.04

PropNex

7D

-1.0%

1Y

19.5%

A26

S$0.32

Sinarmas Land

7D

1.6%

1Y

109.2%

BDX

S$0.16

GSH

7D

-1.9%

1Y

-1.2%

F17

S$1.44

GuocoLand

7D

2.1%

1Y

-3.4%

T24

S$0.24

Tuan Sing Holdings

7D

-2.0%

1Y

0%

Tuan Sing Holdings' (SGX:T24) Shareholders Have More To Worry About Than Lackluster Earnings

Apr 10
Tuan Sing Holdings' (SGX:T24) Shareholders Have More To Worry About Than Lackluster Earnings

TQ5

S$0.81

Frasers Property

7D

-0.6%

1Y

1.3%

B61

S$3.63

Bukit Sembawang Estates

7D

2.5%

1Y

8.0%