For the FY2020 ended December, property developer Tuan Sing saw earnings of $52.4 million, 55% higher than earnings of $33.7 million the year before. 

FY2020 net profit was up by 78% y-o-y to $59 million, with its property segment resilient throughout Covid-19. 

Increased occupancy at 18 Robinson, together with higher contributions from Singapore development properties, drove the group’s property segment revenue higher to $129.9 million in FY2020 compared to $109.0 million in FY2019. 

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