Singapore property firms report mixed H1 2026 earnings

Major Singaporean real estate and property firms reported varied financial results for the first half of 2026 ending June 30.

Centurion Corporation saw a 64 per cent drop in net profit, falling to S$26.5 million from S$73.9 million the previous year. This decline was attributed to higher net fair value losses on investment properties and losses from associated companies. Despite the profit dip, revenue grew 31 per cent to S$184.9 million.

In contrast, UOL Group reported a 23 per cent increase in net profit to S$252.2 million, driven by joint venture property developments and fair value gains. Singapore Land Group also saw a significant surge, with net profit rising 90 per cent to S$211.7 million, bolstered by higher fair value gains on investment properties.

PropNex recorded a 3.1 per cent decrease in net profit, totaling S$40.9 million. While commission income from agency services rose, this was offset by a decline in project marketing service income due to fewer new project launches.