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Sing Holdings is sector winner; APAC Realty, Aspial and Alset ace their respective categories

The Edge Singapore
The Edge Singapore9/10/2021 07:00 AM GMT+08  • 2 min read
Sing Holdings is sector winner; APAC Realty, Aspial and Alset ace their respective categories
In a rare occurrence, Sing Holdings and Aspial Corporation were tied as joint winners for best earnings growth.
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In a rare occurrence, Sing Holdings and Aspial Corporation were tied as joint winners for the best earnings growth category for real estate firms in the Centurion Club. However, Sing Holdings did better elsewhere and has been named overall sector winner.

Aspial Corp managed a CAGR of 54.2% in the three financial years in which this year’s awards were taken into consideration. Sing Holdings, on the other hand, achieved a CAGR of 71.1% in the same period. However, based on our methodology, we have input a multiplier effect to even the big spikes from year to year seen in certain companies of certain industries — and the real estate sector is one of them. As such, both Aspial Corp and Sing Holdings end up with a score of 15 points each for the joint winning tie.

See also: Sing Holdings 1Q earnings surge fourfold to $9.9 mil on higher sales

Aspial Corp, besides its property development interests, is equally known for its jewellery retail business as well. For Sing Holdings, it is more of a pure-play property firm. The company was founded in 1964 and listed on the Singapore Exchange in 2007. Over the years, under chairman Lee Sze Leong and managing director and CEO Lee Sze Hao, the company has undertaken a whole string of projects of different types ranging from landed houses, condominiums to commercial and industrial buildings. Some of its residential projects include Robin Residences at Robin Drive, Waterwoods in Punggol and The Laurels at Cairnhill Road. It developed the Ocean Towers in Shanghai as well.

Alset International, which has interests in housing projects in the US, has been named the company delivering the best returns to shareholders in the real estate sector this year. Recently, Alset announced that it is partnering with notable electric vehicle maker Tesla to install photovoltaic solar panels, Powerwall battery systems and EV chargers to the homes Alset is developing. Finally, APAC Realty, one of the largest real estate agencies in Singapore, has been named the company that has delivered the most weighted return on equity. Better known for its ERA branding, APAC Realty’s growing number of real estate agents has helped the company generate its fair share of commission income brokering transactions across all property types. It has also won over the mandate from developers to help market their newly-launched projects.

Photo: Samuel Isaac Chua/The Edge Singapore

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