“We anticipate a rebound in overall volumes in 2025, driven by new sales returning to [around] 8,000-8,500 units annually. This is supported by stable property prices, with fluctuations expected in the range of +1% to +2%,” say Derek Tan and Tabitha Foo in both reports dated Jan 6.
DBS Group Research has upgraded its calls on PropNex and APAC Realty (SGX:CLN
) to “buy” from “hold” as both counters are tipped to benefit from a strong pipeline of new launches in 2025.
PropNex is the largest property agency in Singapore with around 12,000 agents accounting for 34% of the country’s market share. APAC Realty is one of the leading players in the real estate brokerage industry. It has a presence in 17 Asia Pacific (APAC) countries and one of the largest brand footprints in Asia through its ERA franchise network.
