Bukit Sembawang Sees Soaring Profits and Local Demand

Bukit Sembawang Estates Limited (SG:B61) has released an update.

Bukit Sembawang Estates Limited reports a successful year with profits before tax soaring by 120% to $82.6 million and revenues hitting $562.0 million, buoyed by the sell-out of developments The Atelier and LIV@MB. The company has obtained the Temporary Occupation Permit for The Atelier and anticipates similar permits for upcoming projects LIV@MB and Pollen Collection in 2025 and 2026, respectively. A high percentage of the properties were purchased by Singaporeans and Permanent Residents, highlighting strong local demand for the Group’s residential offerings.

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