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Ho Bee Land Limited ( (SG:H13) ) has shared an update.
Ho Bee Land Limited has announced the acquisition of five residential development sites in Australia through its subsidiaries, HB QLD Pty Ltd and HBL VIC Pty Ltd, for approximately A$96.6 million. These projects, located in Queensland and Victoria, are expected to yield around 1,079 residential lots, enhancing the company’s portfolio and positioning in the Australian real estate market. The acquisitions align with government initiatives for infrastructure development, potentially benefiting stakeholders through increased property value and improved community amenities.
The most recent analyst rating on (SG:H13) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on Ho Bee Land Limited stock, see the SG:H13 Stock Forecast page.
More about Ho Bee Land Limited
Ho Bee Land Limited is a real estate company involved in property development and investment. The company focuses on acquiring and developing residential and commercial properties, with a market presence in various regions including Australia.
Average Trading Volume: 187,059
Technical Sentiment Signal: Buy
Current Market Cap: S$1.47B
See more insights into H13 stock on TipRanks’ Stock Analysis page.