diff --git a/gradle.properties b/gradle.properties
index c62b7ac..17c06ae 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=0.5.1-SNAPSHOT
+version=0.5.2-SNAPSHOT
 
 checkstylePluginVersion=10.12.0
 spotbugsPluginVersion=5.0.14
@@ -19,5 +19,5 @@ stdlibOsVersion=1.8.0
 
 #stdlib transitive dependencies
 stdlibTimeVersion=2.4.0
-observeVersion=1.2.0-20230911-133500-b3d8db3
-observeInternalVersion=1.2.0-20230911-141700-4c0454a
+observeVersion=1.2.0
+observeInternalVersion=1.2.0