Ho Bee Land Company profile
About Ho Bee Land Ltd
Ho Bee Land Limited is a Singapore-based company that is engaged in property development, property investment and investment holding. The Company has property investments and developments in Singapore, Australia, China, United Kingdom and Germany. The Company operates through two segments: Property investment and Property development. The Property investment segment includes investment in properties. The Property development segment is engaged in the development and trading in properties. Its Other segments include investing in equity securities, private equity and European property funds. The Company is a developer of luxury homes in the residential enclave of Sentosa Cove, and its portfolio of investment properties includes the commercial landmark in the one-north precinct, The Metropolis. Its other investment properties include 1 St Martin’s Le Grand, 60 St Martin’s Lane, 39 Victoria Street, 110 Park Street, Apollo & Lunar House, 67 Lombard Street and Ropemaker Place in London.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Ho Bee Land Ltd revenues increased 61% to SP$347.7M. Net income increased from SP$137.1M to SP$330.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Fair value (loss)/gain on investment pro decrease from SP$32.8M (expense) to SP$53.1M (income).
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