SINGAPORE (Aug 12): Ho Bee Land saw its earnings jump to $71.5 million for the 2Q ended June, nearly doubling from earnings of $36.1 million a year ago.

This was mainly attributed to the sale of a 30-year leasehold interest in a petrol station site located along Bukit Timah Road, which saw a fair value gain on investment property amounting to $28.3 million.

Read more on The Edge Singapore.