v3.26.1
Related Party Balances and Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Balances and Transactions [Abstract]  
Related party balances and transactions

Note 14 – Related party balances and transactions

 

Nature of relationships with related parties

 

Related parties   Relationship
Ms. Rhonda Wong   Shareholder, Director, Co-Chief Executive Officer
Vienna Management Ltd   Shareholder, wholly-owned by the former Chairman of the board of Directors
Mr. Loh Kim Kang David (“Mr. Loh”)   Shareholder, the former Chairman of the board of Directors
Anthill Corporation Pte. Ltd.   Owned by Ms. Rhonda Wong, Co-Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company
Christine Lee   Immediate family member of Ms. Rhonda Wong (Shareholder, Director, Co-Chief Executive Officer)

 

For the years ended December 31, 2023, 2024 and 2025

 

Related party balances

 

Transaction nature  Name  2023   2024   2025   2025 
      SGD   SGD   SGD   USD 
Amount due from  Anthill Corp   3,495i   4,795 i   43,456 i   33,794 
                        
Contract liability  Mr. David Loh   
-
    
-
    
-
    
-
 
                        
Amount due to  Ms. Rhonda Wong   240,000ii   27,674 ii   1,677,440ii   1,304,487  ii
                        
Amount due to  Ms. Race Wong   188,425iii   27,674iii      842,120iii     654,888 iii
                        
Amount due to  Ms. Christine Lee   
-
    
-
    46,667 iv   36,291 iv

 

i On June 22, 2023, the Group extended payment for Notarization services for Anthill Corp and On November 12, 2024, the Group paid on behalf of Anthill Corp for corporate secretary services.
   
ii On December 28, 2023, Ms. Rhonda Wong made short-term advances to the Group S$240,000 for general working capital and general corporate purposes.
   
  During the year ended December 31, 2024, Ms. Rhonda Wong voluntarily withheld part of her salary for working capital use by the Group amounting to a total of S$27,674.
   
  As at December 31, 2025, the amount due to Ms. Rhonda Wong comprised shareholder loans of S$1,203,207, salary voluntarily withheld for working capital of S$256,050, and payments made on behalf of the Group of S$218,183. The shareholder loans are unsecured and repayable on demand.
   
iii On March 10 and September 12, 2023, Ms. Race Wong paid on behalf of the Group using her credit card facility for PropertyGuru advertisement packages for the amounts of S$169,817 and S$110,000, respectively, while the Group repaid the monthly instalments. During the year, the accumulated credit card settlements amounted to S$291,392 and resulted an overpayment of S$11,575. On November 30, 2023, Ms. Race Wong made short-term advances to the Group S$200,000 for general working capital and general corporate purposes.
   
  During the year ended December 31, 2024, Ms. Race Wong voluntarily withheld part of her salary for working capital use by the Group amounting to a total of S$27,674.
   
  As at December 31, 2025, the amount due to Ms. Race Wong comprised shareholder loans of S$522,408, salary voluntarily withheld for working capital of S$253,045, and payments made on behalf of the Group of S$66,667. The shareholder loans are unsecured and repayable on demand.
   
iv As at December 31, 2025, the amount due to Ms. Christine Lee arose from payments made on behalf of the Group and are unsecured, interest-free and repayable on demand.

Related party transactions

 

Transaction nature  Name  December 31, 2023   December 31, 2024   December 31, 2025   December 31, 2025 
      SGD   SGD   SGD   USD 
Brokerage services provided to  Ms. Rhonda Wong   -    2,100(4)   
-
    
-
 
Brokerage services provided to  Mr. David Loh   11,000(1)   
-
    
-
    
-
 
Emerging and other services to  Mr. David Loh   511,040(2)   
-
    
-
    
-
 
Emerging and other services to  Ms. Rhonda Wong   288(3)   250(3)   
-
   
-
 
Emerging and other services to  Ms. Race Wong   -    4,770(5)   
-
   
-
 

 

(1) Mr. David Loh engaged the Group to look for a tenant for a property and was completed during the year ended December 31, 2023. Mr. David Loh paid a service fee of S$11,000 (US$8,338) to the Group.
   
(2) On February 25, 2022, the Group entered into a services agreement with subsequent various orders with Mr. Loh., with a term from February 25, 2022, to complete a renovation project in total consideration S$3,492,997 (US$2,612,033). For the year ended December 31, 2022, the project was not completed and Mr. Loh. paid to the Group in consideration S$3,085,865 (US$2,302,197). The Group received in advance of completion of performance obligations under an agreement amounted to S$103,908 (US$77,520) as of December 31, 2022. During the year ended December 31, 2022, the Group recognized revenue S$2,981,957 (US$2,224,676) for the project. During the year ended December 31, 2023, revenue recognized for the services agreement with Mr. David Loh for S$511,040 (US$387,357).
   
(3)

Ms. Rhonda Wong engaged the Group to move and clean her house in April 2022. The project was completed during year ended December 31, 2022, and Ms. Rhonda Wong paid a service fee of S$1,199 (US$896) to the Group.

 

Ms. Rhonda Wong engaged the Group to perform aircon cleaning for her house and the project was completed during the year ended December 31, 2023, and Ms. Rhonda Wong paid a service fee of S$288 (US$218) to the Group.

 

Ms. Rhonda Wong engaged the Group to perform curtain cleaning for her house and the project was completed during the year ended December 31, 2024, and Ms. Rhonda Wong paid a service fee of S$250 (US$183) to the Group.

   
(4) Ms. Rhonda Wong engaged the Group to look for tenant for a property in March 2022 and April 2024. The respective project was completed during year ended December 31, 2022 and 2024, and Ms. Rhonda Wong paid the rental commission to the Group, being S$2,900 and S$2,100 (US$1,537) respectively.
   
(5) Ms. Race Wong engaged the Group to perform cleaning services multiple times for the year ended December 31, 2024, and Ms. Race Wong paid a total of service fees of S$4,770 (US$3,491) to the Group.