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.
BT PHOTO: KELVIN CHNG
"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...