Singapore’s real estate sector grows 3.5% YoY in Q4 2024

It was driven by increased private residential, commercial, and industrial segment activities.

Singapore’s real estate sector grew by 3.5% year-on-year during the fourth quarter of the year, according to a Singapore Exchange report.

This was driven by increased activities in private residential, commercial, and industrial segments, resulting in a 0.2% overall expansion for 2024, down from 3.8% growth in 2023.

The 10 most traded stocks saw mixed total returns in 2024, from a 22% decline for City Developments to a 149% gain for Centurion Corporation.

Amongst the 10 stocks, HongKong Land has been the most traded stock by average daily turnover (ADT). From 29 October 2024 to 14 February 2025, the 12-month Bloomberg consensus estimate stock target price was raised from $4.87 (US$3.63) to $6.63 (US$4.94).

Multiple businesses across the value chain have also shown recent increases in trading volumes. For instance, Tuan Sing Holdings has seen its ADT increase from $70,000 in 2023 to $120,000 in 2024, to $440,000 over the first seven weeks of 2025.

At the same time, Wee Hur Holdings has seen its ADT rise from $20,000 in 2023, to $1.16m in 2024, to $3.59m over the past seven weeks ranking the company amongst the 40 most traded stocks by ADT during the period.

($1=US$0.74.)

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