Singapore eDevelopment Limited provided group earnings guidance for the financial year ended 31 December 2017. The board of directors of the company announced that the group expects to report a net loss in its unaudited financial statements for the financial year ended 31 December 2017, principally due to the following factors: the group's property development project in Houston, Texas (Black Oak) has not commenced revenue contribution; the group's major property development project near Washington D.C., in Frederick County, Maryland (Ballenger Run) has started generating revenue in fiscal year 2017, however the initial sales in accordance with the lot purchase agreements are small; the operating and marketing expenses incurred are higher than the revenue generated from the network marketing platform; the group's biomedical business incurred research and development expenses; and operating expenses were incurred with respect to the Group's information technology business as well as the group's investment business.