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HOCK LOCK SIEW

Ho Bee's recurring income strategy reaping dividends

Group also keeps an eye on crystallising capital gains

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Market talk is that Ho Bee is sussing out interest from potential buyers for Rose Court, an office building in London. If it doesn't get its price, the alternative is to carry out asset enhancement, an artist's impression of which is shown above.

THE most noteworthy feature of Ho Bee Land's financial results for the year ended Dec 31, 2015, is the surge in rental income, which attests to the group's success in building a business model with a strong base of recurring income.

The group used to be a very different animal. Ho Bee...

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