The company has a portfolio of eight investment properties in London, including The Scalpel, Ropemaker Place and 1 St Martin’s Le Grand.
Ho Bee Land has recorded higher revenue for FY2023 but no thanks to unrealised fair value losses, it has reported a net loss of $259.8 million for the year ended Dec 2023, versus earnings of $165.9 million in FY2022.
Specifically, Ho Bee booked a hit of $472.2 million on its investment properties in London, due to the "sharp expansion of capitalisation rates."
