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Summary of Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Schedule of Property Plant and Equipment Net of Accumulated Depreciation

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation and amortization are provided for on a straight-line basis over the estimated useful lives of the related assets as follows:

 

Building   50 years
Land   Indefinite
Renovation   8 years
Furniture and fixtures   10 years
Motor vehicles   5 years
Electronic equipment   13 years
Machinery   5 years
Forklift   6 years

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation and amortization are provided for on a straight-line basis over the estimated useful lives of the related assets as follows:

 

Building   50 years
Land   Indefinite
Renovation   8 years
Furniture and fixtures   10 years
Motor vehicles   5 years
Electronic equipment   13 years
Machinery   5 years
Forklift   6 years
Schedule of Timing of Revenue Recognition

The following table presents revenue classified by timing of revenue recognition for the six months ended June 30, 2024 and 2023, respectively:

 

   June 30, 2023   June 30, 2024   June 30, 2024 
   For the six months ended 
   June 30, 2023   June 30, 2024   June 30, 2024 
   SGD   SGD   USD 
             
Point in time   4,000    -    - 
Over time   8,981,864    8,333,053    6,166,460 
Total revenue   8,985,864    8,333,053    6,166,460 

The following table presents revenue classified by timing of revenue recognition for the years ended December 31, 2022 and 2023, respectively:

 

  

2022

SGD

  

2023

SGD

  

2023

USD

 
Point in time   57,618    4,701    3,479 
Over time   16,766,550    21,805,616    16,136,155 
Total revenue   16,824,168    21,810,317    16,139,634 
Schedule of Major Revenue

The following table presents revenue by major revenue type for the six months ended June 30, 2024 and 2023, respectively:

 

   June 30, 2023   June 30, 2024   June 30, 2024 
   For the six months ended 
   June 30, 2023   June 30, 2024   June 30, 2024 
   SGD   SGD   USD 
             
Revenue from construction contracts   8,981,864    8,333,053    6,166,460 
Sales of construction materials   4,000    -    - 
Total   8,985,864    8,333,053    6,166,460 

The following table presents revenue by major revenue type for the years ended December 31, 2022 and 2023, respectively:

 

  

2022

SGD

  

2023

SGD

  

2023

USD

 
Revenue from construction contracts   16,766,550    21,805,616    16,136,155 
Sales of construction materials   57,618    4,701    3,479 
Total   16,824,168    21,810,317    16,139,634