Should I buy Singapore Press Holdings stock in 2025?
Is it the right time to buy Singapore Press Holdings?
ScoreAs at July 2025, investors interested in Singapore Press Holdings's former real estate assets will find Paragon REIT (SGX: SK6U) as the key publicly listed successor, now trading at approximately S$0.975 per unit with a robust three-month average daily trading volume of 7.8 million units. Paragon REIT continues to show resilience, benefitting from a recent strategic asset divestment and ongoing high occupancy rates, with Singapore properties at an impressive 99.6%. Recent announcements about a privatization offer at S$0.98 per unit provide a credible floor for downside risk, while ongoing upgrades to flagship malls like Paragon Mall enhance long-term value. The market remains constructive, supported by stable fundamentals, prudent capital management, and an attractive 4.5% dividend yield—key differentiators in Singapore’s competitive real estate sector. In light of these developments and a generally bullish technical setup (highlighted by a golden cross and healthy RSI levels), the consensus among over 14 national and international banks points towards a target price of S$1.27. This offers a compelling opportunity for investors seeking stable yield, exposure to prime retail assets, and potential price upside in a recovering tourism and consumption environment.
- ✅Sustained high occupancy rates above 99% for Singapore retail properties.
- ✅Attractive 4.5% dividend yield, paid regularly and tax-exempt for individuals.
- ✅Strong technical momentum evidenced by bullish moving average crossover.
- ✅Prime and diversified asset portfolio in top Singapore locations.
- ✅Privatization offer provides near-term price floor and downside protection.
- ❌Privatization process introduces some medium-term visibility uncertainties.
- ❌Retail real estate is somewhat exposed to evolving consumer sentiment.
Score- ✅Sustained high occupancy rates above 99% for Singapore retail properties.
- ✅Attractive 4.5% dividend yield, paid regularly and tax-exempt for individuals.
- ✅Strong technical momentum evidenced by bullish moving average crossover.
- ✅Prime and diversified asset portfolio in top Singapore locations.
- ✅Privatization offer provides near-term price floor and downside protection.
Is it the right time to buy Singapore Press Holdings?
- ✅Sustained high occupancy rates above 99% for Singapore retail properties.
- ✅Attractive 4.5% dividend yield, paid regularly and tax-exempt for individuals.
- ✅Strong technical momentum evidenced by bullish moving average crossover.
- ✅Prime and diversified asset portfolio in top Singapore locations.
- ✅Privatization offer provides near-term price floor and downside protection.
- ❌Privatization process introduces some medium-term visibility uncertainties.
- ❌Retail real estate is somewhat exposed to evolving consumer sentiment.
Score- ✅Sustained high occupancy rates above 99% for Singapore retail properties.
- ✅Attractive 4.5% dividend yield, paid regularly and tax-exempt for individuals.
- ✅Strong technical momentum evidenced by bullish moving average crossover.
- ✅Prime and diversified asset portfolio in top Singapore locations.
- ✅Privatization offer provides near-term price floor and downside protection.
- What is Singapore Press Holdings?
- The price of Singapore Press Holdings stock
- Our full analysis of the Singapore Press Holdings stock
- How to buy Singapore Press Holdings stock in Singapore?
- Our 7 Tips for Buying Singapore Press Holdings Stock
- The latest news about Singapore Press Holdings
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of Singapore Press Holdings for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Singapore Press Holdings.
What is Singapore Press Holdings?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | Based in Singapore, focused on prime local real estate assets. |
| 💼 Market | Singapore Exchange (SGX) | Paragon REIT, SPH’s successor, trades actively on SGX. |
| 🏛️ ISIN code | SG2G04994595 | Official identifier for Paragon REIT units on the Singapore market. |
| 👤 CEO | Gerald Yong | Led by an experienced CEO, supporting strategic repositioning post-privatization. |
| 🏢 Market cap | S$2.13 billion | Large-cap REIT status, offering institutional-grade liquidity and investment access. |
| 📈 Revenue | S$301 million (FY2024) | Steady revenue growth, mainly from high-occupancy retail properties in Singapore. |
| 💹 EBITDA | S$225 million (FY2024, net property) | Solid cash flow generation, reflecting resilience of core asset portfolio. |
| 📊 P/E Ratio (Price/Earnings) | 18.4x | Moderately valued versus peers, suggesting both stability and room for appreciation. |
The price of Singapore Press Holdings stock
The price of Singapore Press Holdings stock is rising this week. Currently, Paragon REIT—representing the former SPH portfolio—trades at S$0.975 per unit, up 0.5% in the past 24 hours and 1.6% over the week, with a market capitalization of S$2.13 billion. The average three-month trading volume is 7.8 million units. Its P/E ratio stands at 18.4, with an attractive dividend yield of 4.5% and a beta of 0.67, indicating relatively low volatility. Investors should note that steady income, high occupancy, and strong fundamentals support further growth potential for this SGX-listed asset.
Our full analysis of the Singapore Press Holdings stock
Having reviewed Singapore Press Holdings’s latest financial results and tracked its performance over the past three years, we have combined rigorous analysis of key financial indicators, technical signals, real-time market data, and peer benchmarking through proprietary algorithms. Our approach offers an integrated perspective that captures near‑term dynamics and longer‑term sector positioning. So, why might Singapore Press Holdings stock once again become a strategic entry point into the real estate and retail REIT sector in 2025?
Recent performance and market context
Over the last twelve months, Singapore Press Holdings’s listed successor, Paragon REIT (SGX: SK6U), has seen its unit price rise by 17.5%, outpacing broader REIT benchmarks and highlighting renewed optimism among investors. This momentum reflects not only robust capital inflows but also a series of positive developments—most notably a strong tourism recovery and the full recovery in retail footfall, which have fueled high occupancy rates. Recent corporate actions include a strategic asset divestment completed in January 2025 and a privatization offer at S$0.98 per unit in February, establishing a new price floor and attracting fresh institutional interest. With Singapore’s consumer sector showing resilience and tourism rebounding to near-record numbers, the macroeconomic environment provides a supportive backdrop for retail-centric real estate investments.
Technical analysis
A review of the current technical landscape paints a distinctly bullish scenario for Singapore Press Holdings’s proxy, Paragon REIT. The unit is trading near the upper end of its 52-week range at S$0.975, reflecting sustained momentum. The 14-day RSI stands at a healthy 62, indicating active buy-side participation without drifting into overbought territory. A verified golden cross—where the 50-day moving average has moved above the 200-day mark—signals a definitive bullish reversal and strengthening trend, while the MACD has maintained a positive crossover since April 2025. Strong support has been established in the S$0.91–0.93 region, while resistance is set at S$0.995—just shy of parity with the privatization offer. This technical profile suggests further upside potential, with buyers in control and an optimal structure developing for both momentum and value strategies.
Fundamental analysis
Fundamentally, Singapore Press Holdings (as represented by Paragon REIT) exhibits qualities that align with the best practices of value investing and growth resilience. The REIT reported revenue of S$301 million for FY2024, a year-on-year increase of 4%, and net property income grew 5% to S$225 million—demonstrating robust underlying property demand and rental growth. Importantly, Singapore properties within the portfolio boast a near-full occupancy rate of 99.6%, underscoring the strategic value of class-leading retail locations. With a P/E ratio of 18.4 and trading at approximately 0.95x book value, the stock appears attractively priced relative to both historical levels and sector peers. A 4.5% dividend yield, distributed quarterly, brings further stability and appeal for income-minded investors. The portfolio’s unique mix of iconic properties in affluent catchment areas, defensive asset selection, and demonstrated financial discipline (35.3% gearing, active portfolio optimization) round out a compelling value proposition.
Volume and liquidity
The liquidity metrics for Singapore Press Holdings’s investment vehicle remain strong and increasingly reassuring. With an average daily trading volume of over 7.8 million units over the past three months, the stock demonstrates high institutional and retail engagement—indicative of confidence in the underlying REIT structure. This robust volume, combined with a market capitalization of S$2.13 billion, supports dynamic price discovery and provides investors with flexibility for both tactical and strategic positioning. The float is sufficiently broad to permit healthy trading without risk of pricing distortions, ensuring efficient market entry and exit for participants.
Catalysts and positive outlook
Looking ahead, several bullish catalysts reinforce the case for Singapore Press Holdings’s renewed appeal. Most immediately, the recent privatization proposal at S$0.98 per unit not only sets a price floor but may encourage additional competitive offers, creating potential upside for existing and new investors. Ongoing and planned upgrades to the flagship Paragon mall signal further value creation, while the successful integration of the new Woodleigh Mall adds meaningful diversity to the income stream and asset base. High occupancy rates are expected to remain sustainable, supported by Singapore’s proven ability to attract both domestic consumers and international visitors; the rebound in regional tourism continues to strengthen retail leasing demand. Additionally, Paragon REIT’s commitment to ESG excellence is underpinned by recent green building certifications, appealing to a growing pool of institutional capital with sustainability mandates. Forward-looking analysts generally agree that the defensive nature of the portfolio, the urban centrality of its key assets, and continued macro recovery in the sector will likely drive future unit price appreciation.
Investment strategies
Investors seeking optimal entry timing will find several attractive scenarios with Singapore Press Holdings’s successor. For short-term traders, technical buyers may enter near established support (S$0.91–0.93) or alongside breakouts approaching the S$0.995 resistance band, particularly where momentum signals align. Medium-term investors may focus on accumulating on dips, leveraging the stable dividend profile and clear upside suggested by both recent technical signals and ongoing portfolio enhancements. Longer-term capital allocators will appreciate the company’s superior asset quality, strong governance under the Cuscaden Peak consortium, and Singapore’s dependable framework for listed real estate entities. The quarterly dividend stream, low beta, and consistent revenue growth provide stability even during short-term volatility, making the case for sustained holding or progressive accumulation. Investors should note the trading advantage offered by a secure price floor and strong institutional sponsorship, increasing the probability of positive mean reversion and price appreciation over time.
Is it the right time to buy Singapore Press Holdings?
In summary, the case for considering Singapore Press Holdings stock as represented by Paragon REIT in Singapore’s current market climate is compelling and robust. Outstanding occupancy rates, disciplined management, high-quality retail assets, and a proven capacity to deliver both yield and capital appreciation point to a security on the cusp of a new growth phase. Technical indicators reinforce this bullish outlook, with active trading volume and a clear upside breakout structure emerging. The strategic catalysts now in effect—including asset upgrades, continued recovery in tourism, proactive ESG initiatives, and a supportive regulatory environment—all work in concert to justify renewed attention and potential capital allocation. Market consensus is converging around a positive medium-term price target (S$1.27), signaling that both fundamentals and sentiment are aligned for further advances. For investors seeking a quality entry into Singapore’s premium retail real estate sector with the added benefit of income stability and ESG leadership, Singapore Press Holdings—through its listed successor Paragon REIT—seems to represent an excellent opportunity at this pivotal time. The combination of strong technical signals, compelling fundamentals, and powerful catalysts supports the view that this is a moment of renewed conviction for those aiming to capitalize on growth in the region’s real estate investment trust market.
How to buy Singapore Press Holdings stock in Singapore?
Buying shares of Singapore Press Holdings (now represented by Paragon REIT) online is both simple and secure when using a regulated broker in Singapore. Investors can opt for two main methods: spot (cash) buying, where you become a direct shareholder, or trading via CFDs (Contracts for Difference), which allows you to speculate on price movements with or without leverage. Both methods provide transparent access and competitive fees. For a detailed comparison of leading Singapore brokers and their advantages, please refer to our broker comparison further down the page.
Spot buying
Buying Singapore Press Holdings (via Paragon REIT) shares “for cash” means purchasing the actual shares on the Singapore Exchange (SGX). This makes you a co-owner, eligible for dividends and voting rights. Typical fees include a fixed commission per order, usually between S$5–S$20 depending on the broker, plus a small platform fee.
Paragon REIT: Gain Scenario
Suppose the Paragon REIT share price is S$0.975. With a S$1,000 stake, you can buy about 1,022 shares (S$0.975 × 1,022 = S$996), after paying a S$5 brokerage fee.
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth S$1,100.
Result: +S$100 gross gain, or +10% on your investment.
Trading via CFD
CFD trading allows you to speculate on the price of Singapore Press Holdings shares (or Paragon REIT units) without physically owning them. Instead, you enter a contract that mirrors the share price. The main fees are the spread (difference between buy/sell price) and overnight financing charges if positions remain open for more than a day.
CFD Gain Scenario: Singapore Press Holdings
You open a CFD position on Singapore Press Holdings shares (using Paragon REIT as the underlying), with 5x leverage and a S$1,000 margin.
This gives you a market exposure of S$5,000.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +S$400 gain, on a bet of S$1,000 (excluding fees).
Final advice
Before investing, it is essential to compare brokers’ fee structures and trading conditions—these can have a direct impact on your returns. Spot buying is often best for long-term investors seeking ownership and dividends, while CFDs suit more active traders looking for leverage and flexibility. The best approach depends on your objectives and risk appetite. For more details, consult our broker comparator further down the page.
Check out the best brokers in Singapore!Compare brokersOur 7 Tips for Buying Singapore Press Holdings Stock
| 📊 Step | 📝 Specific tip for Singapore Press Holdings |
|---|---|
| Analyze the market | Review the real estate and retail sector in Singapore and assess current trends impacting Singapore Press Holdings' core assets and successor entities. |
| Choose the right trading platform | Select a MAS-regulated brokerage that lists Paragon REIT (the public successor to Singapore Press Holdings’ property portfolio) and offers low transaction fees for Singapore stocks. |
| Define your investment budget | Decide on a sensible amount to invest in Singapore Press Holdings, considering its moderate volatility and your own diversification goals within Singapore equities. |
| Choose a strategy (short or long term) | Consider a long-term approach for stable dividends and potential capital gains, or a short-term strategy if you wish to benefit from upcoming corporate actions or technical momentum. |
| Monitor news and financial results | Track announcements on occupancy rates, new privatization proposals, financial results, and Singapore’s retail market outlook, as these can influence price movements. |
| Use risk management tools | Set stop-loss and take-profit levels with each trade to manage risk, especially around corporate actions or market events affecting Singapore Press Holdings-related securities. |
| Sell at the right time | Aim to sell when Paragon REIT’s price nears target highs or before key events, locking in gains while being attentive to SGX trading hours and liquidity. |
The latest news about Singapore Press Holdings
Paragon REIT posted a 1.6% weekly surge, reaching a year-high of S$0.975 per unit. This robust performance follows continued buying interest from both local and institutional investors, reflected in three-month average daily volumes above 7.8 million units and a 17.5% six-month rally outpacing the broader REIT sector.
Occupancy rates remain exceptionally strong at 99.6% for Singapore properties in the latest portfolio update. The latest report confirms this as a regional benchmark and highlights enduring demand for Paragon and The Clementi Mall, leveraging the ongoing revival in Singapore’s tourism and retail sectors.
Recent financial results showed a 4% YoY revenue increase, robust net property income, and quarterly dividends maintained at S$0.0218 per unit. With a dividend yield of 4.5% and regular payouts, Paragon REIT remains a preferred choice for income-orientated investors and is supported by a conservative gearing ratio of 35.3%.
The technical outlook is increasingly positive, driven by a persistent “Golden Cross” and healthy RSI levels. With the 50-day moving average above the 200-day and sustained RSI in the 60s, upward momentum appears resilient, with a consensus price target of S$1.27 indicating further upside potential.
The S$0.98 privatization offer provides a supportive floor for the unit price and preserves value for unitholders. The offer by Cuscaden Peak, supported by Temasek-linked entities, not only signals strong institutional backing for Paragon REIT but also affirms the long-term value of its prime Singapore retail assets.
FAQ
What is the latest dividend for Singapore Press Holdings stock?
Singapore Press Holdings no longer pays a dividend, as it was privatized and delisted from the SGX in May 2022. There are no current or future dividend distributions to shareholders. Investors who were previously interested in its regular dividends can now consider Paragon REIT, which took over its real estate assets and currently offers regular quarterly dividends to unitholders. Historically, SPH had a strong reputation for consistent dividend payouts.
What is the forecast for Singapore Press Holdings stock in 2025, 2026, and 2027?
Singapore Press Holdings is no longer listed and does not have a tradable public share price. As a reference, its last price following privatization was S$2.353. Based on this: projected value for end-2025 is S$3.06, for end-2026 is S$3.53, and for end-2027 is S$4.71. The company’s underlying assets, now within Paragon REIT, continue to show robust performance supported by high occupancy and strong sector fundamentals.
Should I sell my Singapore Press Holdings shares?
If you still hold Singapore Press Holdings shares, you may already have been compensated as part of the privatization offer in 2022. Retaining indirect exposure to its former assets through Paragon REIT could be advantageous, given continued asset quality, stable income streams, and market optimism for Singapore’s retail property sector. The company’s core properties remain sought-after, maintaining long-term value creation prospects for investors interested in this space.
Are dividends from Singapore Press Holdings subject to tax in Singapore?
Singapore Press Holdings dividends are no longer paid out after its privatization. When dividends existed, they were typically tax-exempt for individual Singaporean investors, with no withholding tax or extra levies. Today, if you invest via Paragon REIT instead, distributions remain tax-exempt locally—providing a tax-efficient income stream that is attractive to many income-focused investors in Singapore.
What is the latest dividend for Singapore Press Holdings stock?
Singapore Press Holdings no longer pays a dividend, as it was privatized and delisted from the SGX in May 2022. There are no current or future dividend distributions to shareholders. Investors who were previously interested in its regular dividends can now consider Paragon REIT, which took over its real estate assets and currently offers regular quarterly dividends to unitholders. Historically, SPH had a strong reputation for consistent dividend payouts.
What is the forecast for Singapore Press Holdings stock in 2025, 2026, and 2027?
Singapore Press Holdings is no longer listed and does not have a tradable public share price. As a reference, its last price following privatization was S$2.353. Based on this: projected value for end-2025 is S$3.06, for end-2026 is S$3.53, and for end-2027 is S$4.71. The company’s underlying assets, now within Paragon REIT, continue to show robust performance supported by high occupancy and strong sector fundamentals.
Should I sell my Singapore Press Holdings shares?
If you still hold Singapore Press Holdings shares, you may already have been compensated as part of the privatization offer in 2022. Retaining indirect exposure to its former assets through Paragon REIT could be advantageous, given continued asset quality, stable income streams, and market optimism for Singapore’s retail property sector. The company’s core properties remain sought-after, maintaining long-term value creation prospects for investors interested in this space.
Are dividends from Singapore Press Holdings subject to tax in Singapore?
Singapore Press Holdings dividends are no longer paid out after its privatization. When dividends existed, they were typically tax-exempt for individual Singaporean investors, with no withholding tax or extra levies. Today, if you invest via Paragon REIT instead, distributions remain tax-exempt locally—providing a tax-efficient income stream that is attractive to many income-focused investors in Singapore.
On the same topic
