Ho Bee Land announced, on Nov 3, that it has acquired a residential development site in Melbourne, Australia for A$142 million ($142.9 million).

The sale and purchase agreement was signed by Ho Bee Land’s wholly-owned subsidiary, HBL VIC.

The site measures 68.52 hectares and is located 22km north of Melbourne’s central business district (CBD) within the Craigieburn West Precinct Structure Plan area.

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