Apac Realty Proposes 1 5 Bonus Issues Celebrates Eight Years Listing Mainboard
The competition to secure the Tampines Street 62 plot was intense, attracting a total of seven bidders when the tender closed in July. This highly sought-after site spans over 301,392 square feet and has been approved for the development of up to 700 residential units. Its desirable location next to Tenet, a 618-unit executive condominium developed by Qingjian Realty, Santarli Realty, and Heeton Holdings, further adds to its appeal. Interestingly, these same developers had successfully acquired the adjacent plot in August 2021 for a whopping $422 million, which translates to $659 per square foot per plot ratio. Aurelle of Tampines, the latest addition to this growing residential hub, is set to further enhance the vibrant community in the area.
APAC Realty has announced its proposal for a 1-for-5 bonus issue of new ordinary shares as part of its eighth year of being listed on the SGX Mainboard. According to APAC Realty, one bonus share will be issued to entitled shareholders for every five ordinary shares held, subject to approval. This move is expected to increase the number of issued shares and enhance the trading liquidity of the company’s shares.
If the SGX-ST approves the bonus issue application on Sept 8, the lowest daily weighted average price of the shares in the preceding month would be 62.68 cents, and the theoretical ex-bonus price is 52.23 cents accordingly.
APAC Realty released a statement saying that the proposed bonus issue follows a strong set of 1HFY2025 results. The group’s revenue increased by 28.8% year-on-year to $341.5 million, driven by robust brokerage income from new home sales. Additionally, earnings also doubled to $11.3 million, thanks to higher transaction volumes in the residential market.
Furthermore, APAC Realty has an average dividend payout ratio of 78.7% and has declared over $124.6 million in dividends over the past eight years. On an annualized basis, the dividend yield for 1HFY 2025 stood at 11.5%.
As the real estate services provider, APAC Realty holds the exclusive ERA regional master franchise rights for 17 countries and territories in APAC. It has over 21,600 advisors across 573 offices in 13 countries, as of June 30, through its ERA franchisee network.
APAC Realty has recently expanded its ERA franchise to Laos and is also raising its stakes in ERA Vietnam and Eurocapital to 60% for $4.9 million. In addition, the company has appointed Raymond Leong as its Chief Technology Officer. With a strong pipeline of new launches in 2025, DBS has upgraded PropNex and APAC Realty to ‘buy’.
