Shares of Ho Bee Investment rose as much as 5.2 per cent to $1.42 with 1.3 million shares traded, after the property firm won a tender for a condominiun site on Singapore's Sentosa Island for $1.1 billion (US$768.7 million).The 99-year leasehold site has a total area of 231,676 square feet and is designated for 357-unit condominium with a maximum height limit of 20 storeys.
Ho Bee's partner in the bid was Malaysia's IOI Properties. -- REUTERS
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