TA Corporation Ltd. provided earning guidance for the third quarter ended September 30, 2015 and the full year ending December 31, 2015. The Group expects to report a loss for third quarter and full year of 2015. The negative trend in Singapore private residential property market has been challenging for the Group's property development business segment.

In addition to provision for impairment loss of SGD 5.0 million on its development properties as disclosed in the Group's 2014 financial results announcement, the Group expects further impairment loss provision on these development properties in the light of continuing negative trend for the local private residential property market.