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Singaporean (SGX) Real Estate Industry Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies54
  • 7D1.2%
  • 3M-2.7%
  • 1Y-17.4%
  • YTD-7.8%

Over the last 7 days, the Real Estate industry has risen 1.2%, driven by gains from CapitaLand Investment of 2.7%. In contrast, the industry has lost 17% in the last 12 months. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024S$52.8bS$34.9bS$1.3b13x40.6x1.5x
Tue, 16 Apr 2024S$51.3bS$35.3bS$1.5b15.2x35x1.5x
Thu, 14 Mar 2024S$52.7bS$35.1bS$1.5b14.2x36.1x1.5x
Sat, 10 Feb 2024S$54.0bS$33.5bS$2.3b12.9x24x1.6x
Mon, 08 Jan 2024S$57.6bS$34.8bS$2.2b17.4x25.8x1.7x
Wed, 06 Dec 2023S$56.2bS$34.8bS$2.2b16.6x25x1.6x
Fri, 03 Nov 2023S$56.0bS$34.7bS$3.1b16.3x18.3x1.6x
Sun, 01 Oct 2023S$59.1bS$34.7bS$3.1b15.6x19.3x1.7x
Tue, 29 Aug 2023S$59.2bS$34.4bS$3.3b17.1x18x1.7x
Thu, 27 Jul 2023S$62.5bS$32.8bS$6.1b11.7x10.2x1.9x
Sat, 24 Jun 2023S$61.7bS$32.9bS$6.1b9.7x10x1.9x
Mon, 22 May 2023S$64.4bS$33.0bS$6.2b9.3x10.4x2x
Wed, 19 Apr 2023S$67.7bS$32.8bS$6.1b9.1x11.1x2.1x
Fri, 17 Mar 2023S$64.6bS$32.8bS$6.1b9.1x10.5x2x
Sun, 12 Feb 2023S$70.6bS$32.6bS$7.4b8.3x9.5x2.2x
Tue, 10 Jan 2023S$68.7bS$32.5bS$7.5b7.6x9.2x2.1x
Thu, 08 Dec 2022S$66.9bS$32.4bS$7.5b8.8x8.9x2.1x
Sat, 05 Nov 2022S$63.3bS$32.5bS$7.3b8.5x8.6x1.9x
Mon, 03 Oct 2022S$66.8bS$32.7bS$7.4b8.6x9.1x2x
Wed, 31 Aug 2022S$72.1bS$32.8bS$7.3b10x9.9x2.2x
Fri, 29 Jul 2022S$72.4bS$32.3bS$4.4b10.8x16.5x2.2x
Sun, 26 Jun 2022S$72.4bS$32.4bS$4.4b10.9x16.5x2.2x
Tue, 24 May 2022S$72.4bS$32.5bS$4.5b10.2x16x2.2x
Thu, 21 Apr 2022S$75.1bS$32.8bS$4.5b10.7x16.6x2.3x
Sat, 19 Mar 2022S$73.0bS$33.3bS$4.5b10.4x16.3x2.2x
Mon, 14 Feb 2022S$74.9bS$30.1b-S$1,418,018,314.0012.3x-52.8x2.5x
Wed, 12 Jan 2022S$74.0bS$29.7b-S$1,452,745,116.0012.5x-51x2.5x
Fri, 10 Dec 2021S$73.7bS$27.8b-S$1,006,773,090.0012.4x-73.2x2.7x
Sun, 07 Nov 2021S$96.9bS$34.5b-S$2,301,605,387.0014.2x-42.1x2.8x
Tue, 05 Oct 2021S$93.9bS$34.5b-S$2,303,886,336.0013.3x-40.8x2.7x
Thu, 02 Sep 2021S$76.0bS$34.5b-S$2,372,779,048.6712.7x-32x2.2x
Sat, 31 Jul 2021S$76.5bS$34.5b-S$2,372,779,048.6712.8x-32.3x2.2x
Price to Earnings Ratio

-19.4x


Total Market Cap: S$75.8bTotal Earnings: -S$3,905,147,327.00Total Revenue: S$32.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Real Estate Industry Price to Earnings3Y Average 2.1x202220232024
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 40.6x which is higher than its 3-year average PE of 2.1x.
  • The 3-year average PS ratio of 2.1x 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 grown 2.0% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

SG Market0.62%
Real Estate0.86%
Real Estate1.21%
Real Estate Operating Companies2.55%
Real Estate Development1.07%
Diversified Real Estate-0.96%
Real Estate Services-1.14%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry, which is trading close to its 3-year average PE ratio of 13.5x.
    • Analysts are expecting annual earnings growth of 5.5%, which is higher than its past year's earnings decline of 39.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 8.2% 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$2.662.7%
+S$351.2m		-23.1%PE74.3x
H78 Hongkong Land HoldingsUS$3.422.1%
+US$154.5m		-21.2%PS4.1x
Z25 Yanlord Land GroupS$0.4915.1%
+S$125.5m		-38.9%PS0.1x
CY6U CapitaLand India TrustS$1.072.9%
+S$40.2m		0%PE9.7x
U06 Singapore Land GroupS$1.891.1%
+S$28.7m		-10.0%PE10x
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Latest News

O10

S$1.00

Far East Orchard

7D

-2.9%

1Y

-2.9%

U06

S$1.89

Singapore Land Group

7D

1.1%

1Y

-10.0%

CY6U

S$1.07

CapitaLand India Trust

7D

2.9%

1Y

0%

U14

S$5.59

UOL Group

7D

-0.4%

1Y

-17.2%

H13

S$1.91

Ho Bee Land

7D

-1.5%

1Y

-7.7%

OU8

S$0.54

Centurion

7D

5.9%

1Y

56.5%

5JK

S$0.66

Hiap Hoe

7D

-3.7%

1Y

-10.9%

Z25

S$0.49

Yanlord Land Group

7D

15.1%

1Y

-38.9%

9CI

S$2.66

CapitaLand Investment

7D

2.7%

1Y

-23.1%

Market Participants Recognise CapitaLand Investment Limited's (SGX:9CI) Revenues

May 01
Market Participants Recognise CapitaLand Investment Limited's (SGX:9CI) Revenues

C09

S$5.81

City Developments

7D

-2.8%

1Y

-15.7%

ADN

S$1.13

First Sponsor Group

7D

1.8%

1Y

-8.9%

H78

US$3.42

Hongkong Land Holdings

7D

2.1%

1Y

-21.2%

TQ5

S$0.80

Frasers Property

7D

-0.6%

1Y

-8.6%

F17

S$1.51

GuocoLand

7D

-0.7%

1Y

-3.2%

We Think GuocoLand (SGX:F17) Is Taking Some Risk With Its Debt

Mar 26
We Think GuocoLand (SGX:F17) Is Taking Some Risk With Its Debt

W05

S$1.46

Wing Tai Holdings

7D

-0.7%

1Y

-2.0%

F86

S$0.047

MYP

7D

34.3%

1Y

4.4%

Here's Why MYP (SGX:F86) Has A Meaningful Debt Burden

Jan 17
Here's Why MYP (SGX:F86) Has A Meaningful Debt Burden