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Loan Receivable - Third Party
 12 Months Ended
Dec. 31, 2024
Loan Receivable - Third Party [Abstract]  
LOAN RECEIVABLE - THIRD PARTY

Note 6 — LOAN RECEIVABLE - THIRD PARTY

 

Loan receivable – third party consisted of the following:

 

   As of December 31, 
   2023   2024   2024 
   S$   S$   $ 
Borrower A   
—
    2,621,944    1,919,151 
Loan receivable – third party   
—
    2,621,944    1,919,151 

 

The Company provided Borrower A with a term loan of S$2,621,944 ($2,000,000), maturing on April 15, 2025, the loan shall bear interest at a fixed rate of five percent (5%) per annum.

 

As of the date of the issuance of consolidated financial statements, the Company has collected S$1,300,000 and extended the remaining balance of S$1,321,944 to October 15, 2025.