# Apac Realty 1H2026 profit slips on lower property transaction volumes; expects stronger second half

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-03T11:55:22.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/apac-realty-1h2026-profit-slips-lower-property-transaction-volumes-expects-stronger-second-half
- **Topics:** HDB & Public Housing, Private Residential, New Launches

## Featured rationale

Seven private launches and one EC project planned for 2H2026 could revive transaction activity, supporting brokerage revenue and owner-occupier demand after the first-half consolidation.

## AI summary

Apac Realty’s 1H2026 income fell 16.8% y-o-y to $9.4 million as transaction volumes declined across new private homes, private resales and HDB resales.

## Original article

The Singapore property market saw a “period of consolidation” in the first half of the year, with lower transaction volumes across the new private home, private residential resale and HDB resale segments, according to Apac Realty, the listed parent company of property agency ERA Singapore.

In an Aug 3 release announcing the company’s financial results for the six months ended June 30, Apac Realty CEO Marcus Chu added that market conditions “remained mixed” during the first half of this year, marked by fewer launches and moderating price growth.

Developers sold 4,154 private residential units (excluding executive condos or ECs) in 1H2026, falling 9.4% from the same period last year. The private residential resale market recorded a 5.1% y-o-y decline, with 7,407 units changing hands in 1H2026. Resale deal volume also fell in the HDB market, which logged 12,681 transactions in 1H2026, down 7.4% y-o-y.

Read also: ERA Asia Pacific Business Conference 2026 spotlights market resilience and industry reforms

The more muted activity in these segments resulted in Apac Realty’s revenue from real estate brokerage fees and related services falling 3.5% y-o-y to $327.99 million in 1H2026, according to a bourse filing. In its release, the company added that revenue from new home sales fell by 11% y-o-y from $131.2 million in 2H2025 to $116.8 million in 1H2026.

The lower revenue contributed to a decline in profit. Apac Realty posted a 1H2026 gross profit of $33.9 million, down $1.9 million, or 5.3%, y-o-y. Income for the period clocked in at $9.4 million, down 16.8% y-o-y.

Despite the weaker performance, the group is recommending a dividend payout of 5.5 cents per share for 1H2026, comprising an interim dividend of 1.9 cents per share and a special dividend of 3.6 cents per share. “Following a review of the group’s capital requirements, the board of directors believes it is appropriate to propose a one-off special dividend to recognise the continued support of shareholders and enable them to participate further in APAC Realty’s growth,” the company stated.

The interim dividend represents a payout ratio of 77.7% and provides an annualised dividend yield of about 6.6%.

The group’s performance is likely to pick up in the second half of the year, with CEO Marcus Chu expecting stronger market activity amid “a healthy pipeline of new launches”. The company estimates seven new private residential developments and one EC project to launch in 2H2026.

“We expect the market to remain resilient through the rest of 2026, supported by moderate price growth driven by genuine housing demand, particularly from owner-occupiers and right-sizers,” says Chu. He adds that recent policy refinements, such as the removal of the 15-month wait-out period for private homeowners seeking to right-size to HDB resale flats, will help support long-term market stability.

Read also: Two-storey HDB shophouse at Bedok Reservoir up for sale at $4 mil

Chu also notes that recent enhancements to professional standards for property agents will help bolster consumer confidence in the market.

From January 2027 onwards, property agency licenses and property agent registrations will be extended from one to three years. Property agents will also be required to complete at least three property transactions, or pass a refresher examination, within the three-year validity period in order to renew their registrations.

As of June 30, ERA Singapore had a salesforce count of 8,744.

## Chinese translation

> Translation model: grok_cli

### Apac Realty 2026年上半年利润因房地产交易量下降而下滑；预计下半年更强劲

Apac Realty预计2026年下半年活动将增强，因健康的新盘推介管道即将入市。

据地产代理ERA Singapore的上市母公司Apac Realty称，新加坡房地产市场在今年上半年经历了“整固期”，全新私人住宅、私人住宅转售及组屋转售各板块的交易量均有所下降。

在8月3日公布截至6月30日止六个月财务业绩的新闻稿中，Apac Realty首席执行官Marcus Chu补充称，上半年市场状况“仍属参差”，表现为推盘减少、价格涨幅放缓。

发展商在2026年上半年售出4,154个私人住宅单位（不包括执行共管公寓或EC），较去年同期下降9.4%。私人住宅转售市场录得同比下降5.1%，2026年上半年共有7,407个单位易手。组屋市场的转售成交量亦有所下降，2026年上半年录得12,681宗交易，同比下降7.4%。

另读：ERA Asia Pacific Business Conference 2026聚焦市场韧性与行业改革

这些板块活动较为平淡，导致Apac Realty来自房地产经纪佣金及相关服务的收入在2026年上半年同比下降3.5%，至3.2799亿新元，据交易所公告。公司在新闻稿中补充称，全新住宅销售收入同比下降11%，从2025年下半年的1.312亿新元降至2026年上半年的1.168亿新元。

收入下降导致利润下滑。Apac Realty录得2026年上半年毛利3,390万新元，同比减少190万新元，或5.3%。期内收入为940万新元，同比下降16.8%。

尽管业绩偏弱，集团建议2026年上半年每股派息5.5分，包括每股1.9分中期股息及每股3.6分特别股息。“在检视集团的资本需求后，董事会认为提出一次性特别股息是合适的，以认可股东的持续支持，并让他们进一步分享APAC Realty的增长成果，”公司表示。

中期股息派息比率为77.7%，年化股息收益率约为6.6%。

集团下半年表现料将回升，首席执行官Marcus Chu预期市场活动将更强劲，因有“健康的新盘推介管道”。公司估计2026年下半年将有七个全新私人住宅项目及一个执行共管公寓项目推出。

“我们预计2026年余下时间市场将保持韧性，在真实住房需求——尤其是自住者和换屋者——推动的温和价格增长支撑下，”Chu表示。他补充称，近期政策调整，例如取消私人住宅业主转购组屋转售单位的15个月等待期，将有助于支持长期市场稳定。

另读：勿洛蓄水池两层组屋店屋以400万新元挂牌出售

Chu亦指出，近期对房地产代理专业标准的提升将有助于增强消费者对市场的信心。

自2027年1月起，房地产代理公司执照及房地产代理注册有效期将由一年延长至三年。房地产代理亦须在三年有效期内完成至少三宗房地产交易，或通过进修考试，方可续期注册。

截至6月30日，ERA Singapore的销售团队人数为8,744人。