SGX:H13Real Estate
Did Ho Bee’s A$318.5 Million Queensland Land Bank Move Just Shift Ho Bee Land's (SGX:H13) Investment Narrative?
Ho Bee Land’s board recently announced that wholly owned subsidiary Elimbah Land Pty Ltd has agreed to acquire a 181.36-hectare master-planned development site in Queensland’s City of Moreton Bay for A$318.5 million, funded through internal resources and bank borrowings.
The project, expected to yield about 1,400 residential lots and 64 mixed business and industrial lots, underlines Ho Bee Land’s push to build a large-scale, long-term land bank in its core Australian markets without...