The Business Times
business-time-50
TOPLINE
·
SUBSCRIBERS

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

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    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