Singapore’s real estate sector experienced a 3.5% year-on-year (YoY) growth in the fourth quarter of 2024, with a 1.1% increase from the previous quarter, according to the latest SGX Market Update. This growth contributed to a modest 0.2% expansion for the entire year, driven by activities in private residential, commercial, and industrial segments. The sector’s focus on sustainability, adaptive reuse, and integrated properties is shaping its future trajectory.
Hongkong Land has emerged as Singapore’s most traded real estate stock this year. In October, the company unveiled a strategy to concentrate on ultra-premium integrated commercial properties in key Asian cities, including Hong Kong, Singapore, and Shanghai. By 2035, Hongkong Land aims to double its profits, dividends, and assets under management to $100b, whilst recycling up to $10b in capital.
Amongst the 10 most traded real estate-related stocks, Tuan Sing, Wee Hur, LHN, PropNex, and Centurion Corporation have shown the highest percentage change in average daily turnover (ADT) over the past seven weeks compared to the full year of 2024. These companies play significant roles in the real estate value chain, from property development to specialised accommodation management.
Wee Hur Holdings, for instance, has seen its ADT rise significantly, ranking it among the 40 most traded Singapore stocks recently. The company has diversified from construction into real estate development and fund management, marking a significant milestone with its Purpose-Built Student Accommodation portfolio exit.
As the real estate sector continues to evolve, these developments highlight the dynamic nature of the market and the strategic shifts companies are making to capitalise on emerging opportunities.
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