Tag Archives: Ho Bee

Ho Bee again looks abroad for growth

Posted on 10 Oct 2009 | Comments Off on Ho Bee again looks abroad for growth

Developer sniffing for opportunities in China and London

HARD pressed to find land in Singapore, developer Ho Bee Investment again plans to beat a path overseas to places such as China and London to grow.

‘Looking for our raw material is the big challenge in Singapore. Every site that comes up (at state tenders) now attracts 12-15 tenderers. The pricing is also very competitive.’
— Mr Chua (above) at one of Ho Bee’s projects at Sentosa Cove

‘We are still sniffing for opportunities, but our next phase of growth will definitely not just be in Singapore but outside of Singapore,’ Ho Bee chairman and CEO Chua Thian Poh told BT in a recent interview.

Under a joint-venture agreement Ho Bee signed with high-end China residential developer Yanlord last month, the two Singapore-listed developers will join forces for a feasibility study on a project in China.

Ho Bee and Yanlord are also eyeing large sites in China’s second and third-tier cities to build mid and upmarket condos for locals.

Additionally, Ho Bee is scouting for residential development opportunities in Central London. ‘London was badly hurt during the financial turmoil, and the pound has also come down substantially,’ said Mr Chua. ‘Maybe it’s time for us to re-look at London again.’ Continue reading →

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Posted in Developers, Overseas Property

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Ho Bee prices Trilight at $1,650 psf

Posted on 7 Oct 2009 | Comments Off on Ho Bee prices Trilight at $1,650 psf

Far East sells 12 units at Alba in Cairnhill at average $2,300 psf

HO Bee Investment will preview its Trilight condo at Newton Road this week at an average price of about $1,650 per sq ft, the group’s chairman and CEO Chua Thian Poh told BT yesterday.

Ho Bee will not offer an interest absorption scheme (IAS) for the 30-storey freehold condominium project, located on the highest point in the Newton area.

The $1,650 psf average price will be for an initial batch of 60 units. The condo will have a total 205 units, up from 152 planned initially. The increase results from Ho Bee’s decision to introduce two-bedroom units and reduce the number of four-bedders. Previously Trilight had only three- and four-bedroom apartments.

The latest scheme comprises 104 two-bedroom units ranging from 1,109 to 1,227 sq ft; 74 three-bedders in two sizes (2,099 and 2,110 sq ft) and 24 four-bedroom apartments of 2,336 sq ft. Trilight will have three penthouses – two units of 5,200 sq ft and one of 5,800 sq ft.

The typical two-bedder will cost under $2 million. CB Richard Ellis and DTZ will market the project. Continue reading →

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Posted in Developers, New Launches, Property Market / Real Estate, Property Price

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