Ho Bee Land reports near-doubling of 2Q earnings to $71.5 mil

By Stanislaus Jude Chan / The Edge Singapore | August 13, 2018 10:42 AM SGT
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.