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Bukit Sembawang's pivot to recurring income will boost dividends: DBS

Group has potential debt-funding headroom of S$360-750 million

Bukit Sembawang will debut the recurring income base strategy with its serviced apartment Fraser Residence Orchard. The company's land bank, which is slated for landed property, is estimated to be over 235,000 sq m.


DBS Group Research on Friday said Bukit Sembawang Estate's move to pivot its business model to build a recurring income base will boost dividends.

This could generate revenues of about S$11 million per annum, DBS said in a report on Friday. The research team has initiated...

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