The Business Times
business-time-50
TOPLINE

Wee Hur gears up for growth with bigger ambitions

Group’s chiefs consider its workers’ dormitory and construction businesses as key drivers of future growth

Summarise
google-preferred-sourceAdd BT as a preferred source
Ranamita Chakraborty

Ranamita Chakraborty

Published Mon, Oct 20, 2025 · 07:00 AM
阅读简体中文版 (beta)
    • Goh Yeow Lian, Wee Hur’s executive chairman and managing director (left) and Goh Wee Ping, chief executive officer of Wee Hur’s fund management arm Wee Hur Capital, are steering the mainboard-listed property developer through headwinds across its business segments.
    • Goh Yeow Lian, Wee Hur’s executive chairman and managing director (left) and Goh Wee Ping, chief executive officer of Wee Hur’s fund management arm Wee Hur Capital, are steering the mainboard-listed property developer through headwinds across its business segments. PHOTO: WEE HUR

    [SINGAPORE] Property developer Wee Hur is planning to launch another student housing strategy in Australia, with planning underway for a potential rollout in the third or fourth quarter of 2026.

    The move follows the Singapore-listed company’s divestment of seven purpose-built student accommodation (PBSA) properties under its first PBSA Master Trust (Fund I) for A$1.6 billion (S$1.3 billion) to global investor Greystar in April 2025.

    Wee Hur was able to monetise a substantial portion of its investment and re-allocate capital to new opportunities, while retaining a 13 per cent stake in the portfolio.

    ToplineWee HurConstruction

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore is ranked as the world’s most expensive city for cars and placed third globally for residential property, according to Julius Baer.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More