However, revenue fell by 2% y-o-y to $549.96 million due to lower revenue recognised for The Atelier, an upcoming 120-unit freehold condominium development in District 9. The condo obtained its temporary occupation permit (TOP) in May 2024. The lower revenue was offset by higher revenue attributable to the higher percentage of completion for the Pollen Collection and LIV@MB. The Pollen Collection is a 99-year leasehold landed housing project located in Seletar Hills while LIV@MB is a 99-year, 298-unit condominium development in District 15.
Bukit Sembawang has posted earnings of $114.3 million for the FY2025 ended March 31, 61% higher y-o-y.
Earnings per share also rose by 61.3% y-o-y to 44.14 cents.
