Wee Hur (SGX:E3B) began as a construction company in 1980 and has since transformed into an investment holding company with diversified operations in construction, property development, workers’ accommodation and purpose-built student accommodation (PBSA).
Diversifying from its roots in construction.
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Wee Hur’s property development arm focuses on residential, industrial, and mixed-use projects in both Singapore and Australia. The Group also earns revenue from fund management services and PBSA such as sales, marketing and student dormitory management.
Capitalising on strong performance of workers’ dormitories.
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Building on strong demand, Wee Hur developed another large-scale 10,500-bed dormitory at Pioneer Lodge, which obtained TOP in 4Q25. Committed leases currently account for 67% of occupancy, and management expects the dormitory to reach full occupancy by year-end. Pioneer Lodge is expected to drive more than S$30-40mil in revenue uplift in FY26, bringing the dormitory segment to its highest revenue run rate.
Diversified fund management platform with a strong PBSA portfolio; proven track record of delivering returns.
Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research. Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
