Ho Bee Investment's 2011 net profit slumped 39 percent to S$202.5 million compared to the previous year. The Singapore-listed property firm said revenue fell 43 percent to S$341.5 million for the 12 months to 31 December from a restated S$600.3 the previous year. It attributed the decline to "the higher revenue recognition on the completion of residential projects, Turquoise at Sentosa Cove and The...
Ho Bee Investment
Ho Bee Investment has announced a net profit of S$111.7 million for the six months ended 30 June, a 34 per cent decrease compared to the previous corresponding period. Ho Bee said the decrease in attributable profits was due to the 36 per cent decrease in group turnover from S$366.5 million to S$236.2 million, as a result of higher revenue recognition from development properties in the same period last...
Ho Bee Investment says unit Ho Bee Developments has submitted the highest bid of $410.99 million for the land parcel located at North Buona Vista Drive under a sale of site for commercial development by JTC Corporation. The site with a land area of 17,994.4 sqm, is located next to the Buona Vista MRT station. The total allowable gross floor area is 111,565 sqm, out of which 2,000 sqm is to be set aside...
Yanlord Land Group and Ho Bee Investment have acquired six prime residential development sites for 504.6 million yuan or S$102.9 million in Hebei's Tangshan Nanhu Eco-City in China. This works out to an average purchase price of 1,302 yuan or S$265.6 per square metres. The purchase was made through their new joint venture company Yanlord Ho Bee Investments. In a statement, Yanlord Ho Bee said the sites...