Ho Bee Land Limited Announces A\$96.6 Million Australian Residential Site Acquisitions

Key Highlights

• Total Acquisition Price: Approximately A\$96.6 million
• Number of Projects: Five residential development sites in Queensland and Victoria
• Expected Yield: About 1,079 residential lots across all sites
• Strategic Locations: Sites are located in prominent growth corridors with government-backed infrastructure initiatives
• Financing: Funded by internal resources and bank borrowings
• Impact on Financials: No material impact expected on FY2025 consolidated earnings or net tangible assets per share

Detailed Project Breakdown

Queensland Projects

1. Binnies Road, Ripley (7.69 hectares)
   • Strategically positioned between Springfield and Ipswich, in one of Australia’s largest priority development areas.
   • Offers a mix of residential, retail, business, and recreational spaces.
   • Expected to yield approximately 127 residential lots.
2. Bayliss Road, South Ripley (21.99 hectares)
   • Located near Ripley Town Center, benefitting from government-led infrastructure upgrades, particularly road improvements.
   • Projected yield: about 372 residential lots and a central park reserve.
3. Green Road, Park Ridge (5.56 hectares)
   • Situated less than 40km from Brisbane CBD in a popular, well-serviced area.
   • Close proximity to schools, shopping centres, parks, and recreational facilities.
   • Expected yield: approximately 95 residential lots.

Victoria Projects

1. Norman Road, Donnybrook (15.75 hectares)
   • Located in a reputable neighbourhood with excellent amenities and connectivity.
   • Access to parks, recreational areas, retail shops, and cafes.
   • Projected yield: approximately 111 residential lots.
2. Ballan Road, Batesford (23.59 hectares)
   • Located in an Urban Growth Zone, part of the Creamery Road Precinct Structure Plan (PSP), first of its kind for Northern and Western Geelong Growth Areas.
   • PSP expected to be finalised in 2026, with government support for major infrastructure developments as part of the Greater Geelong Planning Scheme.
   • Includes plans for a primary school, community facilities, park land, and approximately 374 residential lots.

Strategic Rationale

• These acquisitions are in line with Ho Bee Land’s long-term strategy to focus on developing master-planned communities in Queensland and Victoria.
• The locations chosen are in rapidly growing corridors with strong government support for infrastructure, which is likely to enhance the long-term value of these projects.

Financial Effects & Shareholder Impact

• The projects will be financed through a combination of internal funds and bank borrowings, indicating a balanced approach to leveraging the company’s financial strength.
• Management does not expect any material impact on the Group’s consolidated earnings or net tangible assets per share for the financial year ending 31 December 2025.
• No directors or controlling shareholders have any direct or indirect interest in the projects, ensuring transparency and alignment with minority shareholders’ interests.

Potential Share Price Sensitivity

• The significant scale of the acquisitions (A\$96.6 million for five development sites) and the potential yield of over a thousand residential lots position Ho Bee Land for substantial future earnings growth, particularly as the Australian residential market continues to expand.
• The company’s strategic focus on high-growth regions with government-backed infrastructure could attract investor interest due to the potential for capital appreciation and enhanced portfolio value.
• Investors should note that while the financial impact is not expected to be material in FY2025, the longer-term potential for earnings growth and asset value enhancement could be significant, particularly as the projects come to fruition post-2025.

Important Dates

• Announcement Date: 12 November 2025

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should exercise their own independent judgment and consult their financial advisors before making any investment decisions. The information has been prepared based on the company’s announcement and may be subject to change.

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