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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.

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.


"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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