Ho Bee Land's stock price soared 3.36% during intraday trading on Tuesday, following the company's announcement of a significant land acquisition in Australia.

The surge comes after Ho Bee Land's board announced that its wholly owned subsidiary has agreed to acquire a 181.36-hectare master-planned development site in Queensland's City of Moreton Bay for A$318.5 million. The acquisition, funded through internal resources and bank borrowings, is expected to yield approximately 1,400 residential lots and 64 mixed business and industrial lots, expanding the company's long-term land bank in its core Australian markets.

While management indicates the acquisition won't materially affect 2026 earnings or net tangible assets per share, investors appear to be responding positively to the company's strategic move to build scale in a key growth corridor, reinforcing Ho Bee Land's identity as a long-horizon, Australia-focused real estate developer.