SINGAPORE (Aug 12): Ho Bee Land saw its earnings jump to $71.5 million for the 2Q ended June, nearly doubling from earnings of $36.1 million a year ago.

This was mainly attributed to the sale of a 30-year leasehold interest in a petrol station site located along Bukit Timah Road, which saw a fair value gain on investment property amounting to $28.3 million.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook