• Ho Bee Land formed a 50:50 joint venture with Satterley Property Group for its Elimbah project in Queensland for FY2026 development.
• The Elimbah site spans 181.36 hectares, targeting about 1,400 residential lots, 64 mixed business and industrial lots.
• A separate jointly controlled entity with Satterley acquired a 12.1-hectare Dianella site in Western Australia for A$ 48.5 million.
• The group holds an effective 48.6% interest in the Dianella venture, planned for about 180 residential lots near Perth CBD.
• Funding expected from internal cash, bank borrowings; no material impact expected on FY2026 earnings or net tangible assets per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ho Bee Land Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: XIAWB5SVTQKMMVPD) on August 04, 2026, and is solely responsible for the information contained therein.