--- title: "Ho Bee Land's net profit in the second half of the year fell by 50% to 50.4 million yuan | Lianhe Zaobao" type: "News" locale: "en" url: "https://longbridge.com/en/news/276750972.md" description: "Ho Bee Land's net profit in the second half of the year fell 50% year-on-year to SGD 50.4 million, with revenue declining 12% to SGD 262.3 million. Sales in the real estate development business dropped 17%, and rental income decreased by 6%. The company will distribute a final dividend of SGD 0.05 per share on May 22, up from SGD 0.04 per share in the same period last year. Full-year net profit decreased by 9% to SGD 102 million, and revenue fell 17% to SGD 440 million, mainly due to the divestment of Elementum and a reduction in rental income" datetime: "2026-02-24T14:32:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276750972.md) - [en](https://longbridge.com/en/news/276750972.md) - [zh-HK](https://longbridge.com/zh-HK/news/276750972.md) --- # Ho Bee Land's net profit in the second half of the year fell by 50% to 50.4 million yuan | Lianhe Zaobao Ho Bee Land's net profit for the second half of the year fell by 50% year-on-year to SGD 50.4 million, while the group's revenue decreased by 12% year-on-year to SGD 262.3 million. The company will distribute a final dividend of SGD 0.05 per share on May 22, up from SGD 0.04 per share a year ago, with the stock registration deadline set for May 13. The performance report released by Ho Bee Land on Tuesday (February 24) showed that in the second half of the year, the group's real estate development sales fell by 17% year-on-year to SGD 139.6 million, mainly due to a decrease in settlement amounts from Australian projects; rental income decreased by 6% year-on-year to SGD 122.7 million, primarily due to the reclassification of Elementum as a joint venture. In the second half of the year, the group's other income and fair value changes plummeted by 96% to SGD 2.9 million (compared to SGD 66.6 million in the same period last year), mainly due to the impact of two gains from the previous year. These two gains were a SGD 34.8 million gain from the sale of a 49% stake in Elementum and a SGD 36.2 million revaluation gain from the joint venture controlling Elementum. For the fiscal year ending December 2025, the group's annual net profit decreased by 9% to SGD 10.02 million, and revenue fell by 17% to SGD 440 million, primarily due to the divestment of Elementum, reduced rental income, and lower settlement amounts in the group's real estate development business. #### Further Reading Ho Bee Land acquires five residential plots in Australia for SGD 96.6 million Ho Bee Land turns a profit in the second half of the year with a net profit of SGD 10.07 million The group's rental income for the fiscal year 2025 fell by 10% to SGD 23.99 million, while sales in the real estate development business dropped by 24% to SGD 26.23 million Management pointed out that although rental income and revenue from real estate development have declined, excluding one-time asset disposal gains for the fiscal year 2024, the group's basic net profit still increased by 37% from HKD 74.9 million in fiscal year 2024 to HKD 102.4 million in fiscal year 2025. This is attributed to the group's proactive capital management measures and lower financing costs. Ho Bee Land's stock price rose 0.81% on Tuesday, closing at HKD 2.50 ### Related Stocks - [H13.SG](https://longbridge.com/en/quote/H13.SG.md) ## Related News & Research - [Marketing Alliance sells Empire Construction assets, related real estate](https://longbridge.com/en/news/286616900.md) - [Investor interest in global proptech solutions surged last year. Here are three emerging opportunities to watch in 2026](https://longbridge.com/en/news/286681577.md) - [DHS Real Estate Investment Management acquires Breda logistics property with Baltisse Real Estate](https://longbridge.com/en/news/287082740.md) - [PGIM Real Estate Fund completes 10th property acquisition, marking $260M in capital deployed](https://longbridge.com/en/news/287075341.md) - [TwentyTwo Real Estate to Acquire Terhills Resort in Belgium from LRM](https://longbridge.com/en/news/286777893.md)