- APAC Realty's share price has rebounded 22% year-to-date, riding on Singapore’s strong residential sales momentum. We believe the rally still has legs with sales momentum likely to continue on the back of attractive upcoming launches and firm buying sentiment.
- - Read this at SGinvestors.io -
Residential sales momentum expected to continue in 2H.
- YTD as of May ~4,350 units new private homes (excluding executive condominiums) have been sold, more than double that of 1,688 units sold during same period last year. The strong sales were driven by the robust take up of projects such as Parktown Residences, The Orie and Lentor Central Residences.
- - Read this at SGinvestors.io -
- New sales segment is a key driver for APAC Realty’s bottomline as gross margin is in the mid-teens i.e. double that of the resale segment. With higher residential supply from government land sales, we expect the sales momentum to continue well into 2026. Strong primary sales should also to pull up the resale market’s activity, which will likely see a 5- 10% y-o-y growth.
Active share buyback accretive to bottomline.
- Read more at SGinvestors.io.
