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Singapore's Ho Bee gets Sentosa site for $769 mln

Tue Jan 8, 2008 11:50pm EST

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SINGAPORE, Jan 9 (Reuters) - Ho Bee Investment (HBEE.SI) said on Wednesday that together with joint venture partner IOI Properties IOIP.KL it has won a tender for a condominium site on Singapore's Sentosa island for S$1.1 billion ($768.7 million).

The 99-year leasehold site has a total area of 231,676 square feet and is designated for a 357-unit condominium development with a maximum height limit of 20 storeys. (Reporting by Kevin Lim) (kevin.lim@reuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net) ($1=1.431 Singapore Dollar)


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