Executive pastor Aries Zulkarnain said that the church had increased its effective interest from 20 per cent in 2010 by 19.2 per cent in 2011.
He was speaking to a cheering 6,000 strong congregation during the church's Saturday evening service in Suntec.
Mr Zulkarnain said that the church had purchased the additional interest in the Suntec Singapore International Convention and Exhibition Centre for $54 million in 2011.
According to The Straits Times, they had previously purchased their initial 20 per cent stake in 2010 at just under $44 million.
He also announced that 96 per cent of the $23.6 million pledged by church-goers for the church's building fund in 2010 had already been collected.
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