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Ho Bee profits hit by drop in value of London properties

Kalpana Rashiwala
Published Mon, Feb 27, 2017 · 09:50 PM

Singapore

LOWER fair value gains on its investment properties caused Ho Bee Land to post declines in fourth-quarter and full-year net earnings.

Five of the group's six London investment properties suffered declines in valuations as at the end of last year - in the aftermath of Brexit.

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