BANK LOANS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

SCHEDULE OF BANK LOANS

The bank loans as of December 31, 2020 and 2021 are set out below:

Bank loans	Currency	Period	Interest rate	Third Party guarantee	Director’s Personal guarantee		Carrying amount
							SGD’000
Secured floating rate bank loans	SGD	2020 - 2026	SIBOR+1.25% to +1.5%	NIL				10,305
	USD	2029	London Inter Bank Offer Rate +1.25%	NIL				211
December 31, 2020						3,430		10,516
Secured floating rate bank loans	SGD	2021 - 2026	SIBOR+1.25% to +1.5%	NIL				9,692
	USD	2029	London Inter Bank Offer Rate +1.25%	NIL				186
December 31, 2021						3,430		9,878

SCHEDULE OF MATURITIES OF BANK LOANS

Bank loans	Carrying amount		Within 1 year		2021		2022		2023		2024		Thereafter
	SGD’000
Secured floating rate bank loans		10,305		5,614		432		415		196		180		3,468
		211		24		24		24		24		24		91
December 31, 2020		10,516		5,638		456		439		220		204		3,559

	Carrying amount		Within 1 year		2022		2023		2024		2025		Thereafter
Secured floating rate bank loans		9,692		5,432		437		198		180		180		3,265
		186		24		24		24		24		24		66
December 31, 2021		9,878		5,456		461		222		204		204		3,331