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Ho Bee's profit drop masks strong rental income growth

Fourth-quarter and full-year earnings hit by lower fair-value gains and an impairment on Cape Royale


HO Bee Land posted lower net earnings for the fourth quarter and full year - due to lower fair-value gains on investment properties and an impairment loss on the group's stake in the completed Cape Royale condo on Sentosa.

What was more important perhaps is the...

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