BREAKING:

The Group's performance for the first half year was shaped by the progression of its property development segment, noting a decrease in overall revenue and net profit following the completion of major past projects like The Atelier and LIV@MB. The period saw substantial net cash used in operating activities, primarily due to payments such as Land Betterment Charges for upcoming developments like Nim and Luxus. To fund strategic growth, the Group secured new financing through the drawdown of a term loan for project-related purposes. Despite fluctuations in certain segments, the overall demand for private residential properties in Singapore remains resilient.

• Find out why revenue dipped sharply after two major residential projects reached completion status

• Uncover the strategic financing decisions, including the securing of a new term loan, to support project funding and development efforts

• Learn about the Group's plans to launch a new residential landed development, Pollen Collection II, amidst a resilient property market

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For more information, click here: BUKIT SEMBAWANG ESTATES LTD 2023 AGM