diff --git a/gradle.properties b/gradle.properties
index 4f538534..081c7a66 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,5 +1,5 @@
 group=io.ballerina.stdlib
-version=1.12.0
+version=1.12.1-SNAPSHOT
 
 puppycrawlCheckstyleVersion=10.12.1
 checkstyleToolVersion=10.12.1