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Singaporean (SGX) Real Estate Industry Analysis

UpdatedSep 02, 2024
DataAggregated Company Financials
Companies52
  • 7D2.2%
  • 3M1.8%
  • 1Y-9.7%
  • YTD-7.2%

Over the last 7 days, the Real Estate industry has risen 2.2%, driven by gains in Hongkong Land Holdings and CapitaLand Investment of 5.6% and 3.0%, respectively. Meanwhile, Sinarmas Land actually underperformed within the industry, shrinking 6.1% in the last week. In contrast, the industry has lost 9.7% in the last 12 months. Looking forward, earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Sep 2024S$52.8bS$34.5bS$481.4m9.7x109.7x1.5x
Wed, 31 Jul 2024S$51.5bS$34.6bS$1.4b12.1x36.8x1.5x
Fri, 28 Jun 2024S$51.0bS$35.2bS$1.4b11.9x37.1x1.4x
Sun, 26 May 2024S$52.4bS$35.1bS$1.3b12.6x39.4x1.5x
Tue, 23 Apr 2024S$49.9bS$35.4bS$1.5b14.7x34.1x1.4x
Thu, 21 Mar 2024S$51.9bS$35.2bS$1.5b13.9x35.6x1.5x
Sat, 17 Feb 2024S$54.9bS$33.5bS$2.3b11.7x24.1x1.6x
Mon, 15 Jan 2024S$57.4bS$34.7bS$2.2b16.1x25.8x1.7x
Wed, 13 Dec 2023S$56.6bS$34.7bS$2.2b17.1x25.2x1.6x
Fri, 10 Nov 2023S$56.6bS$34.9bS$3.1b15.1x18.4x1.6x
Sun, 08 Oct 2023S$58.6bS$34.7bS$3.1b16.6x19.2x1.7x
Tue, 05 Sep 2023S$59.6bS$34.6bS$3.0b16x19.6x1.7x
Thu, 03 Aug 2023S$62.5bS$32.6bS$5.4b12.8x11.5x1.9x
Sat, 01 Jul 2023S$61.8bS$32.9bS$6.2b9.9x10x1.9x
Mon, 29 May 2023S$64.4bS$33.0bS$6.1b9.1x10.5x2x
Wed, 26 Apr 2023S$67.9bS$32.7bS$6.1b9x11.1x2.1x
Fri, 24 Mar 2023S$65.2bS$32.8bS$6.1b9x10.6x2x
Sun, 19 Feb 2023S$69.5bS$32.4bS$7.5b8.6x9.3x2.1x
Tue, 17 Jan 2023S$69.6bS$32.5bS$7.5b7.7x9.3x2.1x
Thu, 15 Dec 2022S$68.7bS$32.4bS$7.5b8.9x9.2x2.1x
Sat, 12 Nov 2022S$66.3bS$32.5bS$7.3b8.8x9x2x
Mon, 10 Oct 2022S$67.2bS$32.7bS$7.4b9x9.1x2.1x
Wed, 07 Sep 2022S$71.3bS$32.8bS$7.4b9.5x9.6x2.2x
Fri, 05 Aug 2022S$74.0bS$32.3bS$5.5b11.6x13.4x2.3x
Sun, 03 Jul 2022S$72.5bS$32.5bS$4.4b11.1x16.5x2.2x
Tue, 31 May 2022S$72.6bS$32.3bS$4.3b10.7x16.9x2.2x
Thu, 28 Apr 2022S$74.6bS$32.6bS$4.5b10.4x16.6x2.3x
Sat, 26 Mar 2022S$74.9bS$33.3bS$4.5b10.9x16.7x2.3x
Mon, 21 Feb 2022S$75.2bS$30.3b-S$1,391,612,434.0012.5x-54.1x2.5x
Wed, 19 Jan 2022S$74.2bS$29.7b-S$1,447,792,485.0012.6x-51.2x2.5x
Fri, 17 Dec 2021S$72.6bS$29.7b-S$1,538,412,138.0012.3x-47.2x2.4x
Sun, 14 Nov 2021S$96.8bS$35.3b-S$1,650,221,158.0012.7x-58.7x2.7x
Tue, 12 Oct 2021S$94.5bS$34.5b-S$2,304,227,152.0013.8x-41x2.7x
Thu, 09 Sep 2021S$76.2bS$34.3b-S$2,306,950,911.9312.8x-33x2.2x
Price to Earnings Ratio

-33x


Total Market Cap: S$76.2bTotal Earnings: -S$2,306,950,911.93Total Revenue: S$34.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Industry Price to Earnings3Y Average 9.2x202220232024
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 110x which is higher than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

SG Market1.53%
Real Estate2.02%
Real Estate2.21%
Real Estate Operating Companies3.98%
Real Estate Services0.59%
Diversified Real Estate0.55%
Real Estate Development0.45%
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 7.6x.
    • Analysts are expecting annual earnings decline of 8.8%, which is lower than the prior year's growth of 112.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 8.8% 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$3.755.6%
+US$441.3m		5.6%PS3.9x
9CI CapitaLand InvestmentS$2.713.0%
+S$392.0m		-16.4%PE84x
TQ5 Frasers PropertyS$0.824.5%
+S$137.4m		6.5%PS0.9x
CY6U CapitaLand India TrustS$1.133.7%
+S$53.7m		-2.6%PE8.4x
F17 GuocoLandS$1.532.0%
+S$35.6m		0.7%PE8.7x
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Latest News

F17

S$1.53

GuocoLand

7D

2.0%

1Y

0.7%

OU8

S$0.72

Centurion

7D

3.6%

1Y

72.6%

5JK

S$0.58

Hiap Hoe

7D

-3.3%

1Y

-13.4%

5RA

S$0.002

Asia-Pacific Strategic Investments

7D

100.0%

1Y

100.0%

C09

S$5.23

City Developments

7D

0.6%

1Y

-21.7%

9CI

S$2.71

CapitaLand Investment

7D

3.0%

1Y

-16.4%

Z25

S$0.41

Yanlord Land Group

7D

-2.4%

1Y

-38.5%

A26

S$0.23

Sinarmas Land

7D

-6.1%

1Y

16.8%

H78

US$3.75

Hongkong Land Holdings

7D

5.6%

1Y

5.6%

Hongkong Land Holdings (SGX:H78) Has Affirmed Its Dividend Of $0.06

Aug 19
Hongkong Land Holdings (SGX:H78) Has Affirmed Its Dividend Of $0.06

CY6U

S$1.13

CapitaLand India Trust

7D

3.7%

1Y

-2.6%

Investors Aren't Buying CapitaLand India Trust's (SGX:CY6U) Earnings

Aug 19
Investors Aren't Buying CapitaLand India Trust's (SGX:CY6U) Earnings

OYY

S$0.79

PropNex

7D

-1.3%

1Y

-13.3%

CLN

S$0.38

APAC Realty

7D

-3.8%

1Y

-29.2%

APAC Realty (SGX:CLN) Will Pay A Smaller Dividend Than Last Year

Aug 14
APAC Realty (SGX:CLN) Will Pay A Smaller Dividend Than Last Year

BDX

S$0.16

GSH

7D

-5.3%

1Y

-4.8%

TQ5

S$0.82

Frasers Property

7D

4.5%

1Y

6.5%

1D5

S$0.002

Capital World

7D

-33.3%

1Y

n/a

PPC

S$0.18

ProsperCap

7D

-4.3%

1Y

n/a