Top 10 Real Estate Companies in Singapore
The real estate sector is central to Singapore’s economy encompasses everything from domestic properties to commercial units and even hotels. Astonishingly, around 25% of the top listed companies are connected to the real estate industry in some manner. Real estate makes up such a significant part of the country’s economy that 20% of people are employed in either construction or B2B or B2C dealings.
The property market experienced something of a downturn in early 2019 but recovered successfully in the second half of the year with a reported 29% more new homes being sold than in the first part of the year. Rentals returns are still positive, albeit with a slow start and average $10.81 per square foot, 5.4% higher than the previous year.
The resilience of Singapore’s property market means that developers, realtors and investors all remain confident about the outlook throughout 2020.
Here are ten of the leading companies associated with the real estate industry in Singapore.
CapitaLand was founded in 2000 and have built an extensive range of domestic, retail and commercial properties, not only in Singapore but throughout Asia. One of their most notable developments was the Jewel Changi Airport. They are listed on the Singapore stock exchange and have nearly $100 billion of Assets under Management (AUM) with a market capitalisation of $16.18 billion. CapitaLand employs around 8,500 people and are regarded as being one of the most robust developers in the region.Take a closer look at the profile of CapitaLand →
2. City Developments Ltd (CDL)
CDL formed in 1963 and went public on the Malayan stock exchange later the same year. Behind CapitaLand, they are the second biggest developer in Singapore and are noted for building the St Regis Residences in Orchard Square. They have a market capitalisation of $7.5 billion and have over 14,000 employees in 29 countries around the world. CDL is a significant force in the hotel industry not just in Asia, but Europe and North America, giving them a diverse portfolio.Take a closer look at the profile of City Developments Ltd →
3. Far East Organisation
The Far East Organisation is one of the largest developers in the world so inevitably make it on to our list and are a privately owned company which was formed in 1960. They are known for several developments in the Orchard Square of Singapore. They are the only the developer to win ten FIABCI Prix d’Excellence Awards – an award which is regarded as being the highest in global real estate. They have 990 employees working for them directly but in the region of 5,000 working worldwide either for subsidiaries or as contractors.Take a closer look at the profile of Far East Organisation →
4. Frasers Centrepoint
Frasers Centrepoint was initially formed in 1963 and was delisted from the Singapore stock exchange in 2002 only to become relisted two years later. They are a global company with subsidiaries across the rest of Asia, Europe and Australasia. Their current workforce is almost 5,000, and their market capitalisation is $3.77 billion. Similar to the other developers on our list, they are heavily involved with the residential, commercial and retail developments on a global scale.Take a closer look at the profile of Frasers Centrepoint →
5. GuocoLand Limited
GuocoLand Limited was established in 1976 and was listed on SGX-ST in 1978 and currently has operations across Asia including China, Vietnam and Malaysia. They build residential and commercial properties as well as embarking on several mixed-use projects. One notable project built by GuocoLand is the Wallich Residence although they have been involved with several across Singapore. They employ around 16,000 people, although many are contractors and have a market capitalisation of $1.85 billion.Take a closer look at the profile of GuocoLand Limited →
1. ERA Realty Network Private Limited
ERA Realty is one of the best-established realtors in Singapore having first becoming established in 1982. They were the first local agent to register 6,000 sales and have won the Top Brand under the Property Agency category in 2017. They have several offices in Singapore and have been described as an “industry pioneer”. They deal with residential, retail and commercial properties and have strong relationships with many of the country’s leading developers.Take a closer look at the profile of ERA Realty Network →
2. Propnex Realty Pte. Ltd
Propnex Realty was formed in 1999 and is Singapore’s largest real estate company. They also have a presence in Malaysia and Vietnam and are a member of Jones Lang LaSalle which gives them the capacity to offer sales and advice on an international level. Propnex would be regarded in many ways as a boutique property agency offering some of Singapore’s most luxurious properties to their clients.Take a closer look at the profile of Propnex Realty Pte. Ltd →
3. Huttons Asia
Huttons Asia was established in 2002 and is regarded as one of the fastest-growing realtors in Singapore. They now have a team of over 3,000 people and operate across the region in countries such as Malaysia, Philippines, Cambodia, Indonesia and Vietnam. Huttons have an extensive portfolio that includes the promotion of new developments, resales as well as a comprehensive selection of properties available for the lease market.Take a closer look at the profile of Huttons Asia →
4. Savills Singapore
Although based in London, Savills was formed over 160 years ago and have forged an excellent worldwide reputation. As well as dealing in sales and leases, they also operate in a valuation and advisory capacity. Savills are also property managers in a number of top hotels as well as residential properties and commercial units. They have a superb well-established reputation and have won numerous awards around the globe.Take a closer look at the profile of Savills Singapore →
5. List Sotheby’s International Realty
No real estate list would be complete without the inclusion of Sotheby’s, one of the largest brokers in the world. They are a multi-faceted, UK based company with a strong presence in Asia, particularly in Singapore. Sotheby’s offers a vast array of real estate services including residential and commercial sales, investment properties and leasing. Naturally, they are also equally adept at providing advice and valuations.Take a closer look at the profile of List Sotheby’s International Realty →