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Ho Bee Land unit in JV for residential development in Melbourne

Stanislaus Jude Chan Published on Wed, Dec 20, 2017 / 5:31 PM GMT+8

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SINGAPORE (Dec 20): Ho Bee Land’s wholly-owned subsidiary, HB Oracle, has entered into a joint venture agreement with Villa World Wollert for a residential development in Wollert, Melbourne, Australia.

The partners have set up a new joint venture company, Wollert JV, to undertake the project.

Villa World will hold a majority 51% stake in the JV, with HB Oracle holding the remaining 49%.