1 of my old-time acquaintance (Polar Bear 8888 ) asked me about this counter back in March. But I did not have much time to take a look at this counter until recently. It is a Property Developer listed on SGX that has more interest income than interest expense. On the first glance of this chart, I might have thought that the Singapore Property Price have dropped a lot or this Property Developer is undergoing the China Syndrome. Alternatively, I might also have thought that maybe something else has gone wrong such as interest payments have gone skyrocket through the roofs. However, none of these are true. 1)     Private Property Price in Singapore has been on a rise. Compared to the levels seen in 2019, there has been around 30+ % increase from 1Q 2019 to 4Q 2023. Therefore, to associate Singapore Property Price has dropped is not the reason 2) Interest rates increase affecting the company. Looking at the financial statements, FY 2022/23 and 1H FY...