ASPIAL Corporation's mega Australia 108 project is expected to realise A$400 million (S$370 million) over the next 12 months as units are completed and handed over to buyers.

In response to the Singapore Exchange (SGX) queries the firm said on Nov 12 it expects to realise cash proceeds of about A$400 million from the settlement and handover of units for Australia 108 in the next 12 months.

"The A$400 million reflects unbilled contracts," said Felix Lim, Aspial chief financial controller.