In addition, APAC Realty has secured marketing agent mandates for 33 quality residential projects as of Feb 21. These market agent mandates comprise close to 7,200 new home units launched and to be launched in FY2022. During the year, Singapore’s private residential resale market recorded sales of 20,530 units, 87.9% higher than 10,927 units transacted in FY2020. The HDB resale market remained relatively healthy with 31,017 transactions completed in FY2021, an increase of 25.3% from 24,748 units sold in FY2020.
Based on market data, ERA ended the year with a 42.2% share of the combined private residential and HDB resale market which grew 44.5% in FY2021.
Singapore’s leasing market remained healthy in FY2021 as 142,147 private and HDB units were leased, an increase of 9.9% from 129,301 units in FY2020. Based on market data, ERA maintained its market position with 23.7% share of the FY2021 market, compared to 23.8% in FY2020.
The company has announced a final dividend of 4.0 cents per share. Together with the interim dividend of 3.5 cents per share distributed in September 2021, the total dividend of 7.5 cents represents a dividend yield of 11.5% based on the closing price of $0.65 per share on Feb 21.
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FY2021 total dividend represents a payout of $26.6 million and a payout ratio of 75.5%, in-line with the company’s dividend policy of distributing between 50% to 80% of earnings.
