# Apac Realty H1 net profit falls 16.8% to S$9.4 million; special dividend of S$0.036 a share proposed

- **Source:** The Business Times
- **Published:** 2026-08-03T11:05:17.000Z
- **Author:** Chong Xin Wei
- **Original:** https://www.businesstimes.com.sg/companies-markets/apac-realty-h1-net-profit-falls-16-8-s9-4-million-special-dividend-s0-036-share-proposed
- **Topics:** Private Residential, Transactions & Deals, Regional Markets

## Featured rationale

The earnings decline reflects residential-market consolidation, although resilient owner-occupier demand and upcoming launches could support moderate transaction activity through the rest of 2026.

## AI summary

Apac Realty’s H1 2026 net profit fell 16.8 per cent to S$9.4 million as transaction volumes declined across new private, private resale and HDB resale markets.

## Original article

[SINGAPORE] Real estate services player Apac Realty on Monday (Aug 3) posted a net profit of S$9.4 million for the first half ended June, down 16.8 per cent from S$11.3 million in the year-ago period.

Earnings per share decreased to S$0.0217 in H1 from S$0.0314 the year before. Overall revenue slid 3.6 per cent to S$329.3 million in H1, from S$341.5 million in the previous year.

The decline came largely from an overall drop in transaction volumes in new private home sales, private residential resale and Housing & Development Board resale markets during the period, said the company.

Still, the board is proposing a dividend payout of S$0.055 a share in H1, comprising an interim dividend of S$0.019 a share and a one-off special dividend of S$0.036 apiece.

The interim dividend represents a payout ratio of 77.7 per cent, and provides an annualised dividend yield of 6.6 per cent based on the closing price of S$0.58 on Jul 31.

The interim dividend will be paid on Sep 4, following the record date of Aug 26.

Contributions from new home sales fell by 11 per cent year on year to S$116.8 million, while other revenue fell 13 per cent on year to S$1.3 million, mainly due to lower interest income.

Apac Realty CEO Marcus Chu said: “Market conditions remained mixed in the first half of 2026. Following the strong wave of new launches that drove private residential price growth in the latter part of 2025, the market entered a period of consolidation in H1 2026.”

Developers sold 4,154 private homes (excluding executive condos or ECs) in the half-year period, down 9.4 per cent from the 4,587 units sold in year-ago period. They sold 1,343 EC units in H1, up 37.2 per cent from the previous year.

The private residential resale market recorded 7,407 transactions in H1, down 5.1 per cent year on year. HDB resale transactions fell 7.4 per cent on year to 12,681 in the recorded period.

Chu added: “Singapore’s residential property market continues to be underpinned by resilient owner-occupier demand, disciplined supply and stable economic fundamentals.

“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.”

Chu also noted that recent policy refinements – including the removal of the 15-month-wait-out period for eligible private homeowners rightsizing to HDB resale flats – could “support consumer confidence and long-term market stability”.

Seven more condo developments and one EC project are expected to be launched in 2026. ERA projects new-home sales to be between 8,000 and 9,000 units; the secondary market is expected to record 13,000 to 14,000 transactions.

Shares of Apac Realty ended Monday 0.9 per cent or S$0.005 lower at S$0.575, before the release of the results.

## Chinese translation

> Translation model: grok_cli

### Apac Realty上半年净利润跌16.8%至940万新元；拟派每股0.036新元特别股息

净利润下滑主要因一级与二级市场交易减少

[新加坡] 房地产服务企业Apac Realty于周一（8月3日）公布，截至6月止上半年净利润为940万新元，较去年同期的1,130万新元下降16.8%。

每股盈利从上半年前一年的0.0314新元降至0.0217新元。整体收入下滑3.6%，从上半年前一年的3.415亿新元降至3.293亿新元。

公司表示，下滑主要因期内全新私人住宅销售、私人住宅转售及建屋发展局组屋转售市场整体交易量下降。

尽管如此，董事会仍建议上半年每股派息0.055新元，包括每股0.019新元中期股息及每股0.036新元一次性特别股息。

中期股息派息比率为77.7%，按7月31日收盘价0.58新元计算，年化股息收益率为6.6%。

中期股息将于9月4日派发，股权登记日为8月26日。

全新住宅销售贡献同比下降11%，至1.168亿新元，而其他收入同比下降13%，至130万新元，主要因利息收入减少。

Apac Realty首席执行官Marcus Chu表示：“2026年上半年市场状况仍属参差。在2025年下半年强劲新盘潮推动私人住宅价格上涨之后，市场在2026年上半年进入整固期。”

发展商在该半年期内售出4,154个私人住宅单位（不包括执行共管公寓或EC），较去年同期售出的4,587个单位下降9.4%。他们在上半年售出1,343个EC单位，较前一年上升37.2%。

私人住宅转售市场在上半年录得7,407宗交易，同比下降5.1%。组屋转售交易同比下降7.4%，至所录期间的12,681宗。

Chu补充道：“新加坡住宅房地产市场继续受韧性自住需求、有纪律的供应及稳定的经济基本面支撑。

“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亦指出，近期政策调整——包括取消合资格私人住宅业主转购组屋转售单位的15个月等待期——可能“支持消费者信心及长期市场稳定”。

2026年预计还将推出七个公寓项目及一个EC项目。ERA预计全新住宅销售将介于8,000至9,000个单位；二级市场预计将录得13,000至14,000宗交易。

Apac Realty股价周一收跌0.9%或0.005新元，报0.575新元，当时业绩尚未公布。