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BANK LOANS (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF BANK LOANS

The bank loans as of December 31, 2021 and 2022 are set out below:

 

Bank loans  Currency  Period  Interest rate  Third Party guarantee 

Directors’

Personal

guarantee

   Carrying amount 
                   SGD’000 
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 
                       
Secured floating rate bank loans 　  SGD  2022 - 2026  SIBOR+1.25% to +1.5%  NIL        9,269 
   USD  2029  London Inter Bank Offer Rate +1.25%  NIL        164 
December 31, 2022  　        　   3,430    9,433 
SCHEDULE OF MATURITIES OF BANK LOANS

 

 

Bank loans  Carrying amount   Within 1 year   2023   2024   2025   2026   Thereafter 
   SGD’000                         
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 

 

   Carrying amount   Within 1 year   2024   2025   2026   2027   Thereafter 
Secured floating rate bank loans   9,269    5,437    194    180    180    180    3,098 
    164    24    24    24    24    24    44 
December 31, 2022   9,433    5,461    218    204    204    204    3,142