Sing Holdings (S05) on Apr, 16 2026 released detailed responses to questions from the Securities Investors Association Singapore and shareholders on its FY2025 annual report, after profit attributable to shareholders jumped more than fourteenfold to 142.3 million Singapore dollars on the completion of the North Gaia executive condominium.

Management forecast a “resilient” domestic housing market, citing the Ministry of Trade and Industry’s 2026 GDP growth estimate of 2%–4% and stable unemployment near 2%. The developer said it will maintain a selective, “disciplined” approach to land-banking and focus this year on executing the 65%-owned Chuan Grove project, comprising two adjoining plots acquired for 1.33 billion Singapore dollars, or 1,355 Singapore dollars per square foot of gross floor area. The development—planned for more than 1,000 homes plus retail space—is targeted to launch for sale by the first quarter of 2027, with pricing to be set closer to launch.

Sing Holdings chose Sunway Developments, an indirect unit of Bursa Malaysia-listed Sunway Berhad, as joint-venture partner for Chuan Grove, citing the Malaysian group’s two decades of Singapore real-estate experience, technical expertise and financial strength.

The company clarified that its 16.1 million Singapore dollars unquoted equity investment represents its residual stake in Fernvale Green, the developer of completed project Parc Botannia, now in members’ voluntary liquidation. It added that any short-term equity trading is “tactical and opportunistic,” governed by board-approved limits while it prepares funds for future land purchases.

Directors’ fees for FY2025 will rise to 548,000 Singapore dollars, up from 438,000 Singapore dollars a year earlier, reflecting a heavier workload that included more board meetings and complex land-acquisition deliberations.

Providing more detail on Chuan Grove, Sing Holdings listed net current assets of roughly 1.48 billion Singapore dollars, comprising 1.33 billion Singapore dollars in land cost, 79.5 million Singapore dollars in buyer’s stamp duty, 66.4 million Singapore dollars in non-remittable additional buyer’s stamp duty and 7.5 million Singapore dollars in other development costs.

Regarding its Melbourne hotel, the group said the property continued to deliver a 5% rental yield in FY2025 despite soft corporate travel demand and expects gradual improvement as new hotel supply moderates and international arrivals recover.