HO Bee Investment Ltd. (SGX:H13) acquired residential site located at 180-184 Ferny Avenue, Surfers Paradise, Gold Coast for AUD 1.8 million in cash on December 31, 2012. The transaction was financed by internal funds. The transaction is not expected to have any material impact on the consolidated earnings per share and net tangible assets per share of the HO Bee Investment group for the financial year ended December 31, 2012. Scott Zahner and Darrell Irwin of Colliers International - Gold Coast brokered the sale.

HO Bee Investment Ltd. (SGX:H13) completed the acquisition of residential site located at 180-184 Ferny Avenue, Surfers Paradise, Gold Coast on December 31, 2012.