Singaporean real estate developer Ho Bee Land Ltd. declared a first and final one-tier tax exempt dividend worth 8 Singaporean cents per share, as well as a special dividend of 2 cents per share, for the year ended Dec. 31, 2017.

The figure marks an increase to the prior year's annual dividend of 6 cents.

The dividend will be paid May 31 to shareholders on record May 18.

As of March 28, US$1 was equivalent to S$1.31.