Tag Archives: Ho Bee Investment

Ho Bee Q1 net profit up 230%

Ho Bee Investment’s first quarter net profit more than tripled to S$52.1 million, clocking a 230 per cent increase.

The property developer attributed the jump to the disposal of its long term investment in Chongbang Holdings (International).

Group turnover for the first quarter rose 68 per cent to S$60.8 million, due mainly to the higher recognition of revenue from property development.

Revenue from the group’s property development increased 75 per cent to S$58.1 million.

This was attributed to higher revenue recognition from its residential project, Trilight, and industrial project, One Pemimpin.

Ho Bee expects the group’s earnings for 2013 to be positive and added that the firm continues to look for investment and development opportunities, especially overseas.

Source – CNA – 23 Apr 2013

Ho Bee director, family buy 2 units at ‘Parvis’

Property group, Ho Bee Investment Ltd, on Thursday said its independent director and his family have been granted options to buy two units in the ‘Parvis‘ condominium project at Holland Hill.

Tan Keng Boon, an independent director of Ho Bee, and his wife, Tan Yin See, along with his daughter and son-in-law were granted an additional 2 per cent discount over the normal selling price offered to the public.

Mr Tan and his wife bought a 1,701 sq ft unit on the 9th floor for S$2.554 million.

His daughter and son-in-law got a separate 1,701 sq ft unit on the 8th floor for S$2.546 million.

Source : Business Times – 19 Nov 2009