Xinyi Realty's Q2 Revenue Jumps 33%, Brokerage Leads Growth Amid Market Optimism

Xinyi Realty reported a strong second quarter, with consolidated revenue climbing 33.46% year-on-year to NT$3.06 billion (US$94.5 million). The company's net profit after tax was NT$332 million, with earnings per share at NT$0.45. The brokerage division was the primary growth engine, with revenue up 19.98% to NT$2.75 billion, reflecting a rebound in property transactions.

Individual brokerage revenue surged over 30%, indicating increased sales momentum. The development business also contributed, with revenue of NT$312 million, boosted by the "Shanshui Jiating" project in Wuxi, China, following a strategy adjustment late last year. The "Jiaxue" project in Taiwan is slated for handover in 2028, and a public housing redevelopment project in Taipei has commenced.

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The brokerage business became the main growth driver.

Xinyi Realty sees potential for further market recovery, citing stable economic growth and continued demand from the AI tech sector. The recent launch of the "New Youth Housing Loan 3.0" policy and the upcoming year-end elections are expected to stimulate transaction activity. However, the company emphasizes that sustained recovery depends on fundamental business performance.

Internationally, Xinyi Realty is expanding its presence in Japan, integrating resources to boost local operations and planning new branches in Tokyo. In Malaysia, construction of the Sabah Intercontinental Hotel is progressing, with an expected opening in late 2027. The company is also exploring new development opportunities.

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The market recovery still needs to return to actual business fundamentals.