Earnings commissions from November will likely be recognised next year, as there is typically a two to six months lag in sales recognition, Natarajan points out. Additionally, the expected launch of about 15,000 units next year is double that of the estimated about 7,500 units this year.
PropNex is expected to record strong FY2025 earnings backed by surging new home sales, according to RHB Bank Singapore analyst Vijay Natarajan in an unrated report.
He notes that recent mega new launches in November saw strong demand, exceeding market expectations. This is likely to push new home sales for November to above 2,200 units, which would be the highest level since 2013.
