Ho Bee Land Strengthens Australia Bet With $220 Million Queensland Property Deal

Singapore-based real estate firm Ho Bee Land, controlled by billionaire entrepreneur Chua Thian Poh, is further expanding its footprint in Australia with a major land acquisition in Queensland valued at approximately $220 million.

The newly acquired property spans over 181 hectares in the City of Moreton Bay, located north of Greater Brisbane. According to the company, the site has the potential to be developed into a large-scale mixed-use community, including up to 1,400 residential plots alongside dozens of commercial and industrial units.

Strategic Location in a High-Growth Corridor

Ho Bee Land described the Queensland site as part of a rapidly developing growth corridor, offering strong connectivity and long-term value. The land benefits from direct access to the Bruce Highway, a key transport route linking Brisbane to northern Australia, and is surrounded by established residential neighborhoods, logistics hubs, and employment centers.

Following the announcement, Ho Bee Land’s shares rose modestly during afternoon trading in Singapore, reflecting investor confidence in the company’s Australian expansion strategy.

Expanding Presence Across Australia

This acquisition marks the company’s latest move in Australia’s increasingly competitive property market. Just months earlier, Ho Bee Land purchased five development sites for nearly A$100 million, which are expected to deliver more than 1,000 residential lots upon completion. Most of those earlier purchases were also concentrated in Queensland, with additional projects in Victoria.

Australia has become an attractive destination for global property investors amid strong population growth driven by rising migration. According to market data, national home prices reached record levels last year, underscoring sustained demand for housing across the country.

From Humble Beginnings to Global Real Estate Player

Chua Thian Poh’s journey to becoming one of Singapore’s wealthiest tycoons is marked by persistence and vision. A school dropout in his early years, Chua began his career supplying metal components to the logging industry before founding Ho Bee Land in 1987.

The company later gained prominence for its luxury residential developments on Sentosa Island, one of Singapore’s most exclusive addresses. Today, Ho Bee Land manages a diversified international portfolio spanning more than 35 projects across four countries.

Its assets include landmark office buildings in major European cities such as London and Munich, while total assets under management exceed $7 billion.

Long-Term Confidence in Australia’s Property Market

With this latest Queensland purchase, Ho Bee Land is signaling strong confidence in Australia’s long-term housing demand and infrastructure-led growth. As urban expansion continues around major cities like Brisbane, developers with access to large, well-located land parcels are well positioned to benefit.

For Chua Thian Poh and Ho Bee Land, the deal reinforces a broader strategy: investing early in high-growth markets while building large-scale communities designed to meet future demand.