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Singapore property developer and investor known for the Sentosa Cove luxury residential enclave and commercial offices in Singapore and London.
Singapore property developer and investor known for the Sentosa Cove luxury residential enclave and commercial offices in Singapore and London.
Earns from selling homes it develops, mainly at Sentosa Cove where it is a long-standing developer, and from rent on office buildings it keeps, so development sales bring lumpy income while rents provide a steadier base. Founder Chua Thian Poh is the controlling shareholder.
In one line: A Singapore luxury residential and office property developer/investor.
Moat: narrow (installed base, brand). Established luxury residential brand at Sentosa Cove and a diversified office investment portfolio.
Headquarters: Singapore · Founded: 1987
Size Ho Bee Land (H13.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $978M, the 67th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$1.88 on 6 Nov 2026.
Performance Over six months the shares fell 13.0%, against -14.3% for the median peer and -1.2% for the Singapore market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +0.9%); the operating margin is 52.3% (peer median 43.8%).
Valuation It trades at 11.4× forward earnings against a peer median of 15.9× (4th cheapest of 17).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$509M | S$449M | S$535M | S$451M | S$439M |
| Revenue growth | — | -16% | +19% | +3% | — |
| Gross profit | S$306M | S$269M | S$294M | S$290M | S$291M |
| EBITDA | S$268M | S$234M | S$260M | S$263M | S$269M |
| Net income | S$102M | S$100M | S$110M | -S$260M | S$166M |
| Free cash flow | S$147M | S$88.4M | S$120M | S$276M | S$211M |
| Capital expenditure | S$1.14M | S$1.16M | S$1.88M | S$3.58M | S$10.1M |
| Total debt | n/a | S$2.53B | S$2.62B | S$3.06B | S$3.42B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ho Bee Land H13.SI | $978M | -13% | +5% | 52% | 11.4× | n/a |
| City Developments C09.SI | $5.13B | -11% | +36% | 14% | 14.1× | n/a |
| UOL U14.SI | $5.23B | -23% | +2% | 25% | 13.8× | n/a |
| Great Eagle 0041.HK | $1.37B | -24% | +75% | 12% | n/a | -0.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | H13.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -0.7% | 10th lowest of 21 |
| 6-month return | -13.0% | -14.3% | 10th highest of 21 |
| Distance from 52-week high | -25.7% | -21.3% | 8th lowest of 21 |
| Revenue growth (TTM) | +5.3% | +0.9% | 10th highest of 21 |
| Operating margin | 52.3% | 43.8% | 7th highest of 21 |
| Forward P/E | 11.4× | 15.9× | 4th cheapest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 52% | 11.4× | n/a | n/a |
| Centerspace CSR | United States | $963M | -15% | +15% | 42% | n/a | n/a | n/a |
| Wereldhave WHA.AS | Netherlands | $956M | -15% | +10% | 64% | 10.1× | n/a | n/a |
| Ntt Dc REIT NTDU.SI | Singapore | $955M | -9% | -8% | 9% | 166.0× | n/a | n/a |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 62% | n/a | n/a | n/a |
| Orchid Island Capital ORC | United States | $953M | -30% | +83% | 64% | 4.9× | n/a | n/a |
| Mitsubishi Estate Logistics REIT Investment 3481.T | Japan | $952M | -17% | -4% | 46% | 18.6× | n/a | n/a |
| Digico Infrastructure REIT DGT.AX | Australia | $941M | -10% | +90% | -4% | 16.1× | n/a | n/a |
| CapitaLand India Trust CY6U.SI | Singapore | $1.03B | -15% | -2% | 43% | 9.4× | n/a | n/a |
| Fukuoka Reit 8968.T | Japan | $929M | -7% | -3% | 40% | 18.6× | n/a | n/a |
| Japan Excellent 8987.T | Japan | $1.04B | -13% | -18% | 32% | 16.0× | n/a | n/a |
| Empire State Realty Trust ESRT | United States | $919M | -7% | +2% | 16% | n/a | n/a | n/a |
| SK REIT 395400.KS | South Korea | $1.04B | -30% | +15% | 89% | 14.8× | n/a | n/a |
| Workspace WKP.L | United Kingdom | $913M | +8% | -2% | 51% | 15.1× | n/a | n/a |
| Storage King SKG.AX | Australia | $1.05B | -17% | 0% | 45% | 20.9× | n/a | n/a |
| Waypoint REIT WPR.AX | Australia | $1.05B | -2% | -1% | 100% | 12.9× | n/a | n/a |
| Aims Apac REIT O5RU.SI | Singapore | $904M | -10% | +6% | 65% | 12.6× | n/a | n/a |
| Heiwa Real Estate REIT 8966.T | Japan | $1.06B | -15% | +24% | 45% | 15.8× | n/a | n/a |
| Altareit AREIT.PA | France | $1.06B | -9% | -20% | -2% | n/a | n/a | n/a |
| NTT UD REIT Investment 8956.T | Japan | $1.06B | -16% | +14% | 29% | 33.1× | n/a | n/a |
| Easterly Government Properties DEA | United States | $1.06B | -4% | +11% | 24% | 44.1× | n/a | n/a |