Wee Hur submitted the highest bid of S$76.9 million for the site, which has a 30-year lease term and a maximum gross plot ratio of 2.5.

Source : Channel NewsAsia – 4 Jul 2014

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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 housing units.

The highest bid came from Wee Hur which offered S$206.20 million, or S$3,814.41 psm of GFA.

This is 12.8 percent lower than the price that Sim Lian paid to clinch the tender for a nearby site in December last year.

Source : Channel NewsAsia – 20 Dec 2011

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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 Villas@Gilstead contributed S$13.4 million to revenue in the first half, marking the first revenue from the Group’s core business of property development.

Despite the decline in revenue, Wee Hur said it improved its profitability from the higher margin earned on both construction contracts and property development.

With the outlook for both the construction and property sectors remaining positive, the Group is cautiously optimistic in maintaining its profitability in the coming quarters.

Source : Channel NewsAsia – 13 Aug 2010

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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 purposes.

Source : Channel NewsAsia – 21 Jul 2010

The post Wee Hur exercises option to buy MacPherson Rd property appeared first on LushHomeMedia.

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 funds and bank borrowing.

Wee Hur said that the transaction is not expected to have a material impact on its earnings for the current financial year ending December 31.

Source : Channel NewsAsia – 1 Jun 2010

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The project involves constructing a five-storey entertainment and shopping complex with a three-level basement.

The crown jewel of the complex will be an Olympic-size ice-skating rink in the centre of the building. It will be Singapore’s first Olympic-size rink, replacing a smaller one located at the previous Jurong Entertainment Centre.

That rink, operated by Fuji Ice Palace, was one of only two in Singapore. It was the venue for ice-hockey tournaments and the Singapore National Figure Skating Championships.

The previous Jurong Entertainment Centre was closed for redevelopment in February 2008.

Besides the Olympic ice rink, the new complex will house a supermarket, restaurants, retail shops and a multi-screen cinema.

The gross floor area of the building will be 29,433 sq m.

This is Wee Hur’s first project for CapitaMall Trust.

It was secured through subsidiary Wee Hur Construction from HSBC Institutional Trust Services (Singapore), as trustee of CapitaMall Trust.

Wee Hur executive chairman Goh Yeow Lian said: ‘Our ability to be selected by leading property developers demonstrates our established reputation in the industry.’

Construction work starts on March 31 and is expected to be completed by November next year.

Source : Business Times – 24 Mar 2010

The post Wee Hur awarded CMT project worth $103.6m appeared first on LushHomeMedia.

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 involves the construction of a five-storey shopping and entertainment complex with three levels of basement.

The new mall will also boast an Olympic-sized ice skating ring in the centre of the building.

The construction works will commence at the end of this month, and is expected to be completed by November next year.

Source : Channel NewsAsia – 23 Mar 2010

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It said the proposed acquisition is in line with its growth strategy to diversify into the property development business.

Villas@Gilstead 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 houses and 2 bungalows.

It is around 50 per cent sold and is expected to obtain Temporary Occupation Permit (TOP) in the third quarter of 2011.

Source : Channel NewsAsia – 29 Sep 2009

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