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Ho Bee Land acquires two new sites in Queensland, Australia for a total of $22.8 mil

Felicia Tan
Felicia Tan6/8/2020 06:02 PM GMT+08  • 1 min read
Ho Bee Land acquires two new sites in Queensland, Australia for a total of $22.8 mil
Ho Bee Land’s wholly-owned subsidiaries, HB Doncaster (HBD), and HB QLD have separately acquired a total of two residential development sites in Queensland, Australia, for a total of A$23.5 million (S$22.8 million).
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SINGAPORE (June 8): Ho Bee Land’s wholly-owned subsidiaries, HB Doncaster (HBD), and HB QLD have separately acquired a total of two residential development sites in Queensland, Australia, for a total of A$23.5 million (S$22.8 million).

HB Doncaster has acquired a 47.41ha site for A$14.5 million. The site is located within the Ripley Valley Priority Development Area in Ripley, Queensland. Ripley is situated approximately 42km from Brisbane’s Central Business District. The site is expected to yield some 570 residential lots, a regional sports facility and associated community facilities.

HB QLD has purchased an 8.98ha site in Queensland’s Sunshine Coast for A$9 million. The site is in the final two stages of the award-winning Parklakes 2 development. The site has received all the required development permits and will yield 95 residential lots.

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