- APAC Realty (SGX:CLN) is a direct proxy and prime beneficiary of the strong resurgence in Singapore residential volumes, with an anticipated ~87% increase in net profit for FY25.
- - Read this at SGinvestors.io -
Strong surge in primary residential volumes
- Strong surge in primary residential volumes with ~3,300 units being sold since the start of the year from projects such as Parktown Residences, The Orie, and Lentor Central Residences. Including sales from other existing new launches, developer sales have surpassed 50% that of last year’s figure and is well on track to hit our 9,000-10,000 units estimates this year.
- In addition, APAC Realty will be recognising revenue from strong 4Q24 volumes last year as there is a 2-6-month time lag for earnings recognition in new launches.
- - Read this at SGinvestors.io -
- ERA’s estimated market share slightly dipped (FY24) to ~35%(-0.5ppt) of total residential transaction value, but we expect this to stabilise at current levels as technology and productivity benefits kick in.
ERA’s singapore agent count slightly declined
- Read more at SGinvestors.io.
