Sing Holdings posts record H2 net profit of S$138.2 million on sales proceeds from North Gaia project
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The board has proposed a final dividend of S$0.01 per share and a special dividend of S$0.04 per share
[SINGAPORE] Property development and investment group Sing Holdings on Tuesday (Feb 24) posted a record net profit of S$138.2 million for the six months ended December 2025 – over 18 times the S$7.6 million recorded a year prior.
This comes on the back of strong performance from its latest residential development project, North Gaia.
Revenue for H2 stood at S$870.4 million, up by more than 85 times from S$10.2 million in the same year-ago period.
Due to the company’s outstanding results, the board has proposed a final dividend of S$0.01 per share and a special dividend of S$0.04 per share.
The total dividend for FY2025 stands at S$0.05 per share.
The Tuesday statement noted that in addition to the cash dividends, the board is recommending a bonus issue to shareholders, based on one bonus share for every four existing shares held.
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Looking ahead, Sing Holdings said it is preparing for its next major project following the successful acquisition of two adjacent land parcels at Chuan Grove in 2025.
After receiving in-principle approval to amalgamate the sites, the group plans to undertake a large-scale residential development with a gross floor area of 979,924 square feet.
The proposed development will feature over 1,000 apartment units and ancillary retail shops.
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“With construction slated to begin in the second half of 2026, the company will focus its efforts over the next 12 months on the execution and launch preparation for the Chuan Grove development,” noted the bourse filing.
Shares of Sing Holdings closed flat at S$0.675 on Tuesday.
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