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Ho Bee's FY17 profit up 15% on back of China JV project

More than 200 units of the yet to be launched 302-unit Cape Royale have been leased out.


BUOYED by a surge in contributions from a Shanghai joint venture project, Ho Bee Land's net profit for the full-year ended Dec 31, 2017 rose 15 per cent to S$249.26 million.

This joint venture project led a 235 per cent surge in the share of profits from associates to S$...