APAC Realty delivered a powerful financial performance in FY2025, with total revenue surging 20.4% year-on-year to $675.6 million as the company capitalized on a robust new private residential market in Singapore. The brokerage firm’s real estate fee revenue climbed 20.5%, driven primarily by extraordinary growth in new home sales commissions, which more than doubled from the previous year.
The standout performer was the new private residential segment, where revenue skyrocketed 113.3% to $230.2 million. This dramatic increase reflected Singapore’s buoyant property market, which saw 12,445 new units sold in 2025, representing a 61.7% jump from 7,696 units in 2024. ERA Singapore, APAC Realty‘s flagship brand, acted as marketing agent for 27 residential developments comprising 12,773 units throughout the fiscal year, positioning itself at the center of the new launch boom.
The revenue surge translated into impressive bottom-line results, with profit after tax jumping 214% to $20.5 million from $6.5 million in FY2024. Earnings per share reached 5.44 cents, while gross profit expanded 39.6% to $70.0 million. The company’s gross profit margin improved due to the higher share of new home sales in the revenue mix.
Operating cash flow hit $30.2 million, leaving the company with a healthy year-end cash balance of $50.4 million. The board recommended a final dividend of 1.8 cents per share, bringing total FY2025 dividends to 4.05 cents, representing a 6.3% yield based on the February 20, 2026 closing price.
Looking ahead, APAC Realty appears well-positioned to sustain momentum. ERA Singapore’s 2026 pipeline includes 23 projects totaling more than 11,800 units, while the broader market holds 16,193 unsold units with planning approval and 16,940 units from Government Land Sales sites awaiting approval.
Management projects 9,000 to 10,000 new home sales for 2026, alongside 13,000 to 14,000 private resale transactions. The URA All-Residential Property Price Index rose 3.3% during the year, while HDB resale prices increased 2.9%. Robust demand in the secondary market for resale properties contributed to the overall positive market sentiment.
The company also expanded regionally, with operations contributing $19.8 million in revenue, up from $9.3 million previously. ERA Indonesia and ERA Vietnam both strengthened their market positions, supporting APAC Realty’s footprint across 14 Asia Pacific countries and territories with over 21,900 advisors.
