The segment saw a revenue decline of 38% y-o-y to $331.1 million, primarily driven by absence of revenue contributions from The Atelier and LIV@MB, given that these two projects obtained TOP back in May 2024 and last March respectively.
Bukit Sembawang (SGX:B61
) has posted earnings of $128.6 million for the FY2026 ended March 31, 13% higher y-o-y.
Despite the higher bottom line, revenue declined 37% y-o-y to $345.6 million in FY2026. The lower revenue was attributed to a drop in revenue contribution from its property development segment.
