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Ho Bee Land acquires three residential development sites in Australia for A$115 million

Khairani Afifi Noordin
Khairani Afifi Noordin10/28/2021 6:31 PM GMT+08  • 2 min read
Ho Bee Land acquires three residential development sites in Australia for A$115 million
The sites are located in Victoria and Queensland.
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Ho Bee Land’s subsidiaries, HB QLD and HBL VIC have separately acquired three residential development sites in Australia for an aggregate acquisition price of approximately A$115 million.

HLB VIC has acquired a 45.61 hectare site located in Mickleham, Victoria. The site is located 25km north of the Melbourne CBD within the Craigieburn West Precinct Structure Plan area. Close to the Craigieburn Town Centre, it is well served by schools and train lines and is 10km away from the Melbourne Airport.

The site is expected to yield approximately 609 residential lots, a regional sports field and a government school.

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