HBL subsidiaries acquire Australian residential sites for $82.5m
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Ho Bee Land Limited (HBL) has announced the acquisition of five residential development sites in Queensland and Victoria, Australia, for approximately $82.5 million. The projects are expected to yield around 1,079 residential lots. The acquisitions include sites on Binnies Road, Bayliss Road, and Green Road in Queensland, and Norman Road and Ballan Road in Victoria. Financing will come from internal funds and bank borrowings, with no material impact on HBL's earnings for the financial year ending December 31, 2025.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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