---
title: "Singaporean billionaire Chua Thian Poh’s Ho Bee Land buys Australia property for $220M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274061478.md"
description: "Ho Bee Land, led by Singaporean billionaire Chua Thian Poh, is acquiring a 181.36-hectare site in Queensland, Australia, for A$318.5 million (US$220.3 million). The site will be developed into approximately 1,400 residential lots and 64 mixed-use lots. This purchase is part of Ho Bee Land's strategy to expand its land bank in Australia, following previous acquisitions totaling A$96.6 million. The Australian property market is experiencing growth, with median home prices reaching A$1.3 million due to rising migration."
datetime: "2026-01-29T00:01:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274061478.md)
  - [en](https://longbridge.com/en/news/274061478.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274061478.md)
---

# Singaporean billionaire Chua Thian Poh’s Ho Bee Land buys Australia property for $220M

The 181.36-hectare (1.81-million-square-meter) site, located in Elimbah, part of the City of Moreton Bay, is earmarked for the development of about 1,400 residential and 64 mixed business and industrial lots, The Business Times reported, citing a company statement on Monday.

The deal was carried out through Ho Bee Land’s fully owned subsidiary, Elimbah Land, which paid A$10 million upon the execution of the sale contract. The outstanding sum is to be paid in stages based on agreed settlement milestones.

Ho Bee Land said the purchase aligns with its plans to shore up its long-term land bank in major Australian markets.

It bought five properties in the country for A$96.6 million last November, including three sites in Queensland and another two in the southeastern state of Victoria, according to _The Edge Singapore_.

The acquisitions come as the national median home price in Australia climbed to a new peak of A$1.3 million last year, driven by strong population growth amid rising migration, as per property portal Domain Australia.

Chua Thian Poh, founder of Ho Bee Land. Photo from NUS Chua Thian Poh Community Leadership Center's website

Chua founded Ho Bee Land in 1987, initially gaining prominence for developing luxury condominiums on Singapore’s Sentosa resort island.

Ho Bee Land’s website says the group has assets valued at about S$7 billion (US$5.52 billion) and a portfolio comprising 35 developments across four countries, including nine prime office properties.

Its properties in the city-state include The Metropolis, a pair of office towers completed in November 2013 with a combined gross floor area of 1.2 million square feet (111,480 square meters).

_Forbes_ previously ranked Chua 40th on its list of the richest people in Singapore. His net worth is estimated at US$1.5 billion as of Jan. 27, 2026.

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