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Fresh prospects in Australian student housing for Wee Hur

Flexible and nimble property group turns crisis into opportunity, finding a new growth avenue thanks to its close-knit extended family.

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Mr Goh Yeow Lian (with son Mr Goh Wee Ping), says the new PBSA business arm adds a source of recurring income for the group, which entered the market at an early stage and is now well on its way to developing an A$1.1 billion (S$1.06 billion) portfolio of six PBSA properties comprising 5,000 beds.

Singapore

"A CRISIS is also an opportunity." So goes the Chinese proverb that local property group Wee Hur Holdings took to heart when a dip in the market here threatened its business in 2014.

Rather than digging its heels in amid the downturn, the mainboard-listed group chose to...

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