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Summary of significant accounting policies (Tables)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of currency exchange rates

The following table outlines the currency exchange rates that were used in creating the unaudited interim condensed financial statements in this report:

 

    June 30, 2023     December 31, 2023     June 30, 2024  
Period-end spot rate   SGD1.00 = RM3.4518    SGD1.00 = RM3.4819    SGD1.00 = RM3.4746 
Average rate   SGD1.00 = RM3.3382    SGD1.00 = RM3.3932    SGD1.00 = RM3.5035 
                
Period-end spot rate   SGD1.00 = USD0.7395    SGD1.00 = USD0.7580    SGD1.00 = USD0.7379 
Average rate   SGD1.00 = USD0.7484    SGD1.00 = USD0.7447    SGD1.00 = USD0.7431 
Schedule of estimated useful lives

 

    Expected useful lives
Leasehold improvements   lesser of lease term or expected useful life
Office furniture and fittings   3-5 years
Office equipment   3-5 years
Computers   3 years
Schedule of estimated useful life

Intangible assets that have determinable lives continue to be amortized over their estimated useful lives as follows:

 

Software and research and development   5 years 
Customer relationships   5 years 
Schedule of segment reporting information

 

   Brokerage, emerging and another related service   Estate management services and other related services   Total   Total 
   S$   S$   S$   US$ 
Revenue – external   2,479,416    1,983,553    4,462,969    3,293,218 
Revenue – related parties   7,120    -    7,120    5,254 
Total revenue   2,486,536    1,983,553    4,470,089    3,298,472 
                     
Total cost of revenue   (1,474,474)   (1,325,466)   (2,799,940)   (2,066,072)
Gross profit   1,012,062    658,087    1,670,149    1,232,400 
                     
Operating expenses   (3,483,254)   (915,591)   (4,398,845)   (3,245,900)
                     
Share-based compensation   -    -    -    - 
Interest income   130,072    6,607    136,679    100,855 
Interest expense   (14,904)   -    (14,904)   (10,998)
Government grants   45,668    (250)   45,418    33,514 
Foreign exchange gain   266,616    -    266,616    196,736 
Other income, net   15,150    352    15,502    11,439 
Loss before income tax expenses   (2,028,590)   (250,795)   (2,279,385)   (1,681,954)
Segment loss   (2,028,590)   (250,795)   (2,279,385)   (1,681,954)
                     
Total assets   11,916,421    829,759    12,746,180    9,405,386 
Total liabilities   5,001,094    863,115    5,864,209    4,327,192 
Net assets   6,915,327    (33,356)   6,881,971    5,078,194