Bukit Sembawang Estates Revenue Drops 60% For Half-Year 2025/26
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…
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