Residential launches and robust order books to hold up earnings for property, construction stocks
Property agencies also did well in 2025, but their outlook could be tempered by there being fewer property launches
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[SINGAPORE] After a banner 2025 financial year, Singapore-listed property stocks look set to extend their run into 2026, supported by steady residential launch pipelines, multi-year order book visibility and ongoing capital recycling.
Growth is, however, likely to be more measured for agency players as transaction volumes normalise from last year’s standout sales.
New home sales fuelled top-line growth at developers City Developments Ltd (CDL) and UOL in the second half of 2025, when construction counters also delivered with strong project execution and healthy order books providing multi-year earnings visibility.
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