Wee Hur

Wee Hur wins tender for Punggol Central site

Wee Hur Development Pte Ltd has won the tender for a land parcel at Punggol Central / Punggol Place at a price of $206.2m. The Housing & Development Board (HDB) launched the condo site for tender on 27 October 2011, attracting 13 bids. The parcel has a total area of 18,019.4 sq m and a maximum gross floor area (GFA) of 54,058.2 sq m. It is zoned for condominium development, which can yield some 540...

Wee Hur Holdings’ H1 net profit up 19% to S$10.4m

onstruction firm Wee Hur Holdings on Friday said its first-half net profit rose 19 per cent on-year to S$10.4 million. This is despite revenue for the period falling 41 per cent to S$63.4 million. Wee Hur said revenue declined as new major construction projects are still in their early stages of work in progress and hence have lower revenue recognition. The firm said its newly-acquired subsidiary...

Wee Hur exercises option to buy MacPherson Rd property

Mainboard-listed construction firm Wee Hur Holdings has exercised its option to purchase a property at No.459, MacPherson Road for S$3.85 million. The firm says the purchase price and costs of redevelopment will be financed by internal funds and bank borrowings. Subject to obtaining all the necessary approvals from the relevant authorities, the firm intends to redevelop the property for investment...

Wee Hur exercises option to buy Upper Paya Lebar property for S$15.2m

Mainboard-listed Wee Hur Holdings on Tuesday said its wholly-owned subsidiary Wee Hur Paya Lebar has exercised the option to buy a property for S$15.2 million. The transaction of the property, located at 422 Upper Paya Lebar Road, is still pending approval from the relevant authorities. The construction service provider intends to redevelop the property. It will finance the acquisition with internal...

Wee Hur secures maiden project from CapitaMall Trust

Wee Hur, through its subsidiary Wee Hur Construction, has secured a S$103.6 million project from CapitaMall Trust. This is Wee Hur's first project with CapitaMall Trust. The project involves the enhancement of the Jurong Entertainment Centre. Mr Goh Yeow Lian, Executive Chairman of Wee Hur, said the contract with CapitaMall Trust enlarges the company's portfolio of wide range projects. The contract...

Wee Hur Holdings to buy 70% stake in [email protected] development

Wee Hur Holdings said it plans to buy a 70 per cent stake in the [email protected] development for S$9 million. It said the proposed acquisition is in line with its growth strategy to diversify into the property development business. [email protected] is a residential property project at Gilstead Road, near Novena MRT station. It is a strata housing development comprising 10 semi-detached houses, 6 terrace...

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