BANK LOANS (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

SCHEDULE OF BANK LOANS

The bank loans as of December 31, 2023 and June 30, 2024 are set out below:

Bank loans	Currency	Period		Interest rate	Third party guarantee	Director’s personal guarantee		Carrying amount
						SGD’000		SGD’000
Secured floating rate bank loans	SGD		2023 - 2028	SIBOR+1.25% to +1.5%	NIL				7,841
	USD		2029	London Inter Bank Offer Rate +1.25%	NIL				140
December 31, 2023							3,430		7,981
Secured floating rate bank loans	SGD		2023 - 2028	SIBOR+1.25% to +1.5%	NIL				8,715
	USD		2029	London Inter Bank Offer Rate +1.25%	NIL				113
June 30, 2024							3,430		8,828

SCHEDULE OF MATURITIES OF BANK LOANS

Bank loans	Carrying amount		Within 1 year		2025		2026		2027		2028		Thereafter
	SGD’000
Secured floating rate bank loans		7,841		4,218		180		180		180		180		2,903
		140		23		23		23		23		23		25
December 31, 2023		7,981		4,241		203		203		203		203		2,928

	Carrying amount		Within 1 year		2026		2027		2028		2029		Thereafter
Secured floating rate bank loans		8,715		5,180		180		180		180		180		2,815
		113		24		24		24		24		17		-
June 30, 2024		8,828		5,204		204		204		204		197		2,815