Singaporean billionaire Chua Thian Poh’s Ho Bee Land buys Australia property for $220M
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Ho Bee Land, led by Singaporean billionaire Chua Thian Poh, is acquiring a 181.36-hectare site in Queensland, Australia, for A$318.5 million (US$220.3 million). The site will be developed into approximately 1,400 residential lots and 64 mixed-use lots. This purchase is part of Ho Bee Land's strategy to expand its land bank in Australia, following previous acquisitions totaling A$96.6 million. The Australian property market is experiencing growth, with median home prices reaching A$1.3 million due to rising migration.
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