A major Singaporean real estate group has recently completed a significant land purchase in the Moreton Bay region, close to the proposed Infinity Planet development site.
Ho Bee Land Acquisition in Moreton Bay
- Ho Bee Land Ltd, a Singapore-based developer controlled by billionaire Chua Thian Poh, has acquired a 181.36-hectare (1.8 km²) site in Elimbah, Moreton Bay (Queensland) for approximately A$318.5 million (~US$220 million).
- The site is planned for a master-planned community with around 1,400 residential lots and a mix of business and industrial parcels.
- This purchase represents one of Ho Bee Land’s largest acquisitions in Australia, significantly expanding its presence in the country.
Location Relative to Infinity Planet
- The newly acquired site is located on East Elimbah, less than one kilometre from the proposed Infinity Planet project in North Elimbah, City of Moreton Bay, north of Brisbane. Both locations sit within the same public growth corridor.
- While Ho Bee Land’s development focuses on residential and industrial areas with public amenities such as schools, the Infinity Planet development is part of a broader Elimbah / Moreton Bay vision, featuring a tourism and entertainment district.
- In addition to this major Singaporean developer, several Australian developers are actively seeking urban and residential development approvals near the Infinity Planet project. Notable among them are the Dennis Family and Mr.Mr. macadamia development both of whom are pursuing projects in North Elimbah much closer to the Infinity Planet site.
For details on the Moreton Bay site, see the DA section of the official City of Moreton Bay website:
Context — Moreton Bay Growth
- Moreton Bay is a rapidly growing region in Southeast Queensland, attracting both residential and tourism-oriented development.
- Foreign investors, particularly Singaporean developers like Ho Bee Land, are showing increasing interest in large-scale Australian land assets, highlighting momentum in the regional development pipeline.
Summary
- Ho Bee Land, a Singapore-based developer, has purchased a ~181 ha site in Elimbah, Moreton Bay for A$318.5 million.
- The land is planned for a major residential and mixed-use community, separate from Infinity Planet but within the same regional corridor.
- The acquisition reflects strong foreign investment interest in Moreton Bay.
- This purchase is one of the largest recent land deals in the area, strategically positioned for future housing, business, and community development.
