An interim dividend of 2.7 Singapore cents per share has been declared for the half-year

 

[SINGAPORE] Real estate services player Apac Realty&rsquo s net profit more than doubled to S$11.3 million for its first half ended Jun 30, 2025. 

 

This was driven by &ldquo robust activity&rdquo in the new private residential segment, which resulted in higher home sales, said the company in an earnings statement on Friday (Aug 8).

 

Developers sold 5,566 private residential units &ndash including executive condominiums &ndash during the half-year period, compared to 2,484 units the year before.

 

This resulted in new home sales revenue more than doubling to S$131.2 million, compared to S$57.9 million a year ago.

 

Resale and rental revenue held steady, rising to S$206.7 million, from S$203.6 million the previous year. 

 

Total revenue for the period rose 28.8 per cent to S$341.5 million, from S$265.2 million in the year-ago period.

 

Earnings per share stood at 3.14 Singapore cents for the half-year period, up from 1.15 cents before.

 

An interim dividend of 2.7 Singapore cents per share was declared for the half-year, up from 0.9 cent before. The dividend will be paid on Sep 5, after books closure on Aug 29. 

 

Apac Realty said the uptick in Singapore&rsquo s private home market momentum is expected to sustain into the second half of 2025 and 2026, as the government is expected to sustain a &ldquo high level&rdquo of private housing supply.

 

Given this, the company is expected to maintain its &ldquo positive trajectory&rdquo for the rest of the year and beyond, said chief executive officer Marcus Chu. 

 

&ldquo Our strategic focus continues to centre on empowering our agents to effectively capture market opportunities and deliver long-term value to clients and shareholders.&rdquo