<div id="readability-page-1"><div><p>[SINGAPORE]  Ho Bee Land  has acquired five residential development sites in Australia for A$96.6 million (S$82.3 million), in line with its aim to develop master-planned communities in Queensland and Victoria.</p><p>The sites are expected to yield around 1,079 residential lots, the mainboard-listed property player said in a bourse filing on Wednesday (Nov 12).</p><p>Three of the sites are in Queensland. One of them is a 7.69-hectare (ha) site in Ripley, between the economic hubs of Springfield and Ipswich. </p><p>“Ripley Valley is one of Australia’s largest priority development areas, with the evolving satellite city offering a mix of residential, retail, business, and recreational spaces,” Ho Bee said in its filing.</p><p>The others are a 21.99-ha site at South Ripley, earmarked for infrastructure enhancements, and a 5.56-ha site at Park Ridge, less than 40 km from Brisbane’s central business district. </p><p>The Victoria sites are a 15.75-ha one in Donnybrook, and a 23.59-ha one in Batesford. The latter will yield 374 residential lots, together with a primary school, community facilities and park land.</p><p>The developments will be financed by Ho Bee’s internal funds and bank borrowings. They are not expected to have any material impact on earnings for the financial year ending Dec 31. </p><p>Ho Bee shares ended Wednesday flat at S$2.23.</p></div></div>

和美置地

<p>和美置地在澳大利亞收購了五個住宅開發用地，交易金額為 9660 萬澳元，旨在開發昆士蘭州和維多利亞州的總體規劃社區。這些用地預計將產生約 1079 個住宅地塊。其中三個用地位於昆士蘭州，包括一個位於 Ripley 的 7.69 公頃的重要用地。該開發項目將通過內部資金和銀行借款進行融資，對截至 12 月 31 日的財年收益沒有重大影響。和美置地的股票收盤持平，報 2.23 新元</p>

和美置地以 9660 萬澳元收購了五個澳大利亞住宅用地