Emerging Towns & Cities Singapore Ltd. provided earnings guidance for the six months ended June 30, 2022. For the period, the group is expected to report a loss, based on a preliminary review of the unaudited financial results of the Group for first half 2022. The expected loss is mainly attributable to the following: write-down of the Group's development properties at the Golden City project in first half 2022, which is non-cash in nature; and lower revenue from the rental of investment properties at the Golden City project in first half 2022.