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PR Newswire
23-09-2013, 12:08 AM
2Q Annoucement says only 4% will be recognised upon TOP...
As at the date of this announcement, approximately 98% of the units in The Laurels project have been sold, amounting to contracted sales value of about S$700.0 million. Of this, approximately 96% had been recognised as revenue. The Group targets to obtain TOP for this development by 3Q2013, upon which, the remaining 4% of the contracted sales will be recognised. As such, the Group expects a lower profit for the next quarter.
As at the date of this announcement, approximately 98% of the units in The Laurels project have been sold, amounting to contracted sales value of about S$700.0 million. Of this, approximately 96% had been recognised as revenue. The Group targets to obtain TOP for this development by 3Q2013, upon which, the remaining 4% of the contracted sales will be recognised. As such, the Group expects a lower profit for the next quarter.