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Wee Hur
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Wee Hur
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nott1965
Veteran |
01-Dec-2025 11:22
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Precisely the point. Let our highly paid Minister to stop wasting taxpayers money to form committee to waste time and more money to pretend SGX can be saved. Wayang wayang as what they said | ||||
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Caesar
Master |
01-Dec-2025 11:08
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In the first place, I don't think our gov should even spend so much money to support the market. Only those who have extra $oney would invest/play the market. These people don't need gov support. Our gov should spend the $5b in areas where help is truly needed e.g. subsidized health care, more support for low income families, the elderlies and their caregivers, etc ...
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Nippon72
Veteran |
01-Dec-2025 09:45
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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Aiyo Frens, why link market performance or anything to minsters' pay or Gov? They are kinda Damned if they do or Damned if they don' t situation. To be honest, do we prefer those calibre from Up North, Thailand whom change Gov like underwear, Taiwan who fights in parliament & do nothing? Take potshots at our G. My PM led gov while imperfect is the current best. Pump in $5bil we also not happy. No amount of money can rejuvenate the SGX if first we as S' poreans don' t support or participate in our own. Two, as any international funds manager would you invest in such market? Thirdly, if you are MAS or MOF or G official, would you continue to support EQDP initiatives when your own citizens keep throw darts at you? Say encourage to pump in another 5bil? Any investment is caveat emptor principle lah. Everybody is making money off somebody, there is No free lunches. Only whether net net you are better off than not investing? my 2c |
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makehay
Member |
26-Nov-2025 12:23
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you are right, SanLi announce contract, stock upgraded and the same day heavy selling all the way, now we know placement at 26. this the kind of crap.
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nott1965
Veteran |
26-Nov-2025 12:13
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Unlike past few months when any broker upgrade will generate retail quick rush to buy, now it is met with subdued response as many retail investors were burnt as prices came crashing down after upgrades. The whole sgx market is dead, despite what our highly paid ministers and special committee trying to do. Retail investors had learnt their lessons not to believe in broker houses recommendations. Upgrades means they are for them and kakis to sell at the expense of naive retail investors |
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makehay
Member |
26-Nov-2025 11:07
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seller also big, if upgrade so good why must sell big at 71.5, 71.
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kye_lin
Master |
26-Nov-2025 10:57
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Wee Hur Holdings Ltd
Order win momentum continues ■ We estimate WHUR?s recent contract wins will add c.S$450m to its construction orderbook, bringing orderbook to c.S$950m by end-FY25F. ■ Consequently, we raise our orderbook forecast from S$1bn to S$1.3bn for FY26F, implying S$400m-500m more contract wins. ■ Reiterate Add. We believe WHUR is a beneficiary of Singapore?s construction upcycle as well as strong demand for PBWAs and PBSAs. Three more contract wins bring construction orderbook to S$950m Wee Hur Holdings? (WHUR) orderbook has been boosted by the successful tender of Upper Thomson Road Parcel A via government land sale (GLS), a potential contract for the construction of Wycombe Abby School, and potential additions and alterations for DoubleTree by Hilton (formerly Hotel Miramar). We estimate the three projects to add c.S$290m, c.S$150m and S$15m-30m, respectively, to its construction orderbook, bringing its orderbook to c.S$950m as at end-FY25F. We raise our FY26F orderbook forecast from S$1bn to S$1.3bn as we believe WHUR will be able to take on an additional S$400m-500m in contracts in FY26F. Replenishing land bank with discipline won bid by a 2% margin After being outbid in at least four other GLS in the last six months, WHUR and its controlling shareholder GSC Holdings (Unlisted) submitted the top bid of S$1,061.56 psf ppr, or S$613.9m, for the Upper Thomson Road Parcel A GLS on 23 Oct 2025. WHUR?s bid was 2% above the second-highest bid. If WHUR secures ASPs 0-5% higher than Springleaf Residence (S$2,175-2,300 psf), we estimate it could deliver developer margins in the low- 20% range. Assuming WHUR?s stake in the JV is 40%, we estimate the development could add 5.55 Scts per share to our SOP-based TP (valued at NPV of profits). Diversifying recurring income ? hospitality/education segments WHUR is diversifying its revenue with investments in two new businesses ? hospitality and education. It announced its investment in a JV, presumably to undertake the operation of Wycombe Abbey School, as well as its partnership with Aravest (Unlisted) and Hilton (HLT US, Not Rated, CP: US$274.33) to undertake the refurbishment and rebranding of the former Hotel Miramar into Doubletree by Hilton. We believe these will allow WHUR to leverage on its partners? expertise to enter new businesses, while securing contracts for its construction business. Although its student accommodation at 188 Grenfell is slated for completion only in 2H27F, WHUR has initiated/seeded Fund III with this asset, rebuilding its fund management segment and putting in place asset recycling plans. Reiterate Add with a higher SOP TP of S$0.95 Reiterate Add as we believe WHUR is a beneficiary of Singapore?s construction upcycle as well as strong demand for PBWAs and PBSAs. Our SOP TP is raised to S$0.95 to reflect our higher orderbook forecast/its landbank replenishment. Re-rating catalysts: new tenders for PBWAs/PBSAs in Singapore/Australia. Downside risks: non-extension of Tuas View Dormitory land lease, and slow business sentiment impacting construction demand. SOURCES: CGSI RESEARCH ESTIMATES, COMPANY REPORTS |
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finjungle
Veteran |
25-Nov-2025 10:37
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Remember always this is a family business but listed! Almost every relatives is employed. This is provided each carries their weight
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Joelton
Supreme |
25-Nov-2025 10:37
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Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
[SINGAPORE] Property developer Wee Hur : E3B -2.13% on Monday (Nov 24) launched and priced S$30 million worth of fixed-rate notes due in 2030 at 4.8 per cent.
Pursuant to Wee Hur&rsquo s S$500 million multi-currency medium-term note programme established on May 29, the notes are expected to be issued on Dec 1 and to list on the Singapore Exchange on Dec 2.
They will be issued at an issue price of 100.1 per cent of their principal amount, in denominations of S$250,000 or multiples of that amount. The interest from the notes is payable semi-annually in arrear on May 4 and Nov 4 each year, starting from 2026.
The notes will form a series, Series 001, with an earlier tranche issued on Nov 4.
The notes will mature on Nov 4, 2030, unless they have been redeemed or purchased earlier and cancelled.
Wee Hur said net proceeds from the issuance will be used for the group&rsquo s general corporate purposes. This includes refinancing its existing borrowings and financing investments, acquisitions, general working capital and capital expenditure.
The notes are offered outside of the US and in Singapore, to institutional investors and accredited investors.
DBS and UOB have been appointed as joint lead managers and book runners for the issuance.
Of the earlier tranche of notes issued on Nov 4, about 15.3 per cent has been allocated to controlling shareholders and directors of Wee Hur, its chief executive Goh Wee Ping, and associates of these individuals, the group said.
After the issuance of the new tranche, these noteholders will hold about 13.1 per cent of the Series 001 notes.
Wee Hur said that as this is a &ldquo substantial portion of the aggregate principal amount&rdquo of the notes, these noteholders may be able to control the outcome of votes, which will be binding on all noteholders. The group added that this may also reduce liquidity of the notes in the secondary trading market.
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ysh2006
Supreme |
25-Nov-2025 09:54
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No forumer interested only sme analysts from brokering houses said good but price like no good ? borrow money to do business at 4.8% ...
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kye_lin
Master |
24-Nov-2025 10:11
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Drop today.. why ah? | ||||
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ysh2006
Supreme |
06-Nov-2025 11:13
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Borrow money to fund business can payback will be okay loh why after sold many assets in overseas and Singapore still want to borrow at 4.8% ? | ||||
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Joelton
Supreme |
06-Nov-2025 09:13
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Wee Hur awarded land parcel at Upper Thomson Road at sale price of $614 mil
Wee Hur Holdings&rsquo subsidiary has been awarded the tender for the land parcel at Upper Thomson Road by the URA at a sale price of $614 million.
Wee Hur&rsquo s subsidiary, Wee Hur Property, was awarded the tender together with GSC Holdings. The land parcel has a lease term of 99 years.
The two will form joint venture companies in Singapore to acquire and develop the land parcel, which is a development expected to comprise residential units with complementary commercial components.
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morgany
Veteran |
05-Nov-2025 08:55
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Wee HUR today Chiong ahhh! | ||||
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Joelton
Supreme |
04-Nov-2025 09:52
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Aravest, Wee Hur complete S$160 million purchase of former Hotel Miramar Singapore
Price works out to S$465,100 per room property to be rebranded DoubleTree by Hilton after renovation
[SINGAPORE] Wee Hur has taken a stake in a new fund managed by Singapore-based asset management firm Aravest that has bought the former Hotel Miramar Singapore in Havelock Road for S$160 million.
The price works out to about S$465,100 per room.
The transaction marks mainboard-listed Wee Hur&rsquo s maiden hotel investment. Its fully owned subsidiary Wee Hur Property has a &ldquo significant minority stake in the fund and is a development partner of the asset&rdquo , according to a joint statement by Aravest and Wee Hur.
&ldquo The lease is shorter than you&rsquo d normally like, but that&rsquo s accounted for in the pricing.&rdquo
Aravest CEO Moses Song on the site having only 41 years&rsquo balance lease
The 344-room hotel, which ceased operations at the end of October, will undergo a 12-month refurbishment before opening as DoubleTree by Hilton Singapore Robertson Quay in the fourth quarter of 2026.
DoubleTree by Hilton is an upscale full-service brand and the property in Havelock Road will take the number of hotels managed by Hilton in Singapore to six.
&ldquo Ideally, we hope to open in advance of the F1 race next year,&rdquo said Aravest chief executive officer Moses Song. Aravest has a stake in the fund and more investors are expected to participate in due course.
The acquisition &ndash Aravest&rsquo s first foray into the Singapore hospitality market &ndash is part of the group&rsquo s plans to build an Asia-Pacific hospitality portfolio, Song said in an interview with The Business Times.
Aravest &ndash owned by Japan&rsquo s Sumitomo Mitsui Finance and Leasing Co (SMFL) units SMFL Mirai Partners and Kenedix &ndash has a management portfolio in Asia-Pacific with assets under management worth US$9.3 billion, with key investments in office, hospitality and living, logistics, retail and sustainable infrastructure.
Goh Chengyu, CEO of Wee Hur Property, said the group&rsquo s &ldquo track record in development and construction, combined with Hilton&rsquo s operational expertise and Aravest&rsquo s investment vision, ensures that DoubleTree by Hilton Singapore Robertson Quay will set a new benchmark for hospitality in the area&rdquo .
For Hilton, the revamped hotel will be the new flagship for the refreshed Asia-Pacific design &ndash encapsulating the themes of comfort, balance, delight and belonging &ndash for the chain&rsquo s DoubleTree brand.
Pickleball courts, new F& B offerings
The renovation will include refreshing the rooms, meeting spaces, lobby, fitness centre and pool deck. Additional landscaping will be done and new amenities introduced, including pickleball courts that will be open to hotel guests and potentially external users as well. Aravest declined to provide an estimate of the renovation costs.
The hotel will feature the first full-scale iterations in Asia-Pacific of the DoubleTree by Hilton F& B concepts Saus (an all-day dining restaurant serving grilled and steamed local classics) and Brew 33 (serving coffee and craft beer).
The new owners&rsquo intention is for the two existing restaurants in the hotel, Ah Yat Seafood and Ikoi, to remain open while the hotel undergoes refurbishment and to continue operating after the hotel is rebranded. This is subject to further discussions with the restaurants&rsquo operators.
As at Sep 30, 2025, there were 711 DoubleTree by Hilton hotels trading globally (including 116 in Asia-Pacific), and 236 in the pipeline globally (including 92 in Asia-Pacific).
No redevelopment or rooms subdivision
Aravest and Wee Hur have chosen not to embark on a substantial redevelopment of the Havelock Road property that could potentially increase the gross floor area by almost 50 per cent to 351,850 square feet (sq ft).
The owners have also decided against subdividing rooms, despite the average room size of 26 square metres (about 280 sq ft) being considered generous compared with newer hotels.
Putting things in perspective, Hilton&rsquo s senior vice-president of development for Asia-Pacific, Clarence Tan, said: &ldquo There&rsquo s really not a lot more that we require out of this property, for a conversion-friendly brand like DoubleTree.&rdquo
Tan noted that for any hotel investment and conversion opportunity &ndash from one hotel chain&rsquo s brand to another&rsquo s, or from a different use to a hotel &ndash the purchase price is a key consideration.
&ldquo The other is the return, and how quickly you can get the return.&rdquo
DoubleTree has a &ldquo conversion design toolkit&rdquo to provide owners a guiding design philosophy, interior styling and design markers.
Thus, owners can fit up their property into the DoubleTree brand with greater ease, saving time and money.
Tan said the current room sizes in the Havelock Road hotel are a ready-made fit for a DoubleTree. &ldquo An old building with good-sized rooms and views of the Singapore River is a precious opportunity.&rdquo
In a similar vein, Song said: &ldquo From an investor standpoint, it is an efficient conversion. On balance, when we saw this opportunity, it fit nicely with the kind of risk-reward balance that we like.&rdquo
Market watchers told BT that rooms at the former Hotel Miramar Singapore were fetching an average daily rate of about S$170/180 per room. A DoubleTree room would probably fetch S$240 in the current market on a stabilised basis.
Hilton did not comment on the above figures but Tan is upbeat about prospects for the hotel, citing among other factors, the Singapore government adding S$5 billion to a fund that supports Changi Airport&rsquo s expansion. Tourism receipts in Singapore are projected to reach S$47 billion to S$50 billion by 2040, from S$29.8 billion in 2024.
Art of investing in short land-tenure assets
Asked what drew Aravest to the Havelock Road property, on a site with a remaining land tenure of only 41 years out of the original 99-year lease, Song said: &ldquo The income profile that we ultimately underwrote was very compelling. The lease is shorter than you would normally like, but that&rsquo s accounted for in the pricing. We&rsquo re more than comfortable and quite happy to be in this investment.&rdquo
Typically, investors would expect a higher yield when buying assets with shorter land leases to recoup their capital in addition to seeking a return on investment on that capital. &ldquo The biggest challenge is making sure that the income profile offsets the challenges of the short lease and the potential depreciation in capital value when you exit,&rdquo Song added.
Aravest is a carve-out of the private funds business of ARA Asset Management Limited in Korea, Singapore, Australia and the US, which was sold last year by ESR Group to the two SMFL units.
Aravest&rsquo s portfolio includes the 434-room Conrad Seoul, acquired in August last year from Brookfield Asset Management for around 400 billion won (about S$361 million). M& G Real Estate holds a 25.3 per cent stake in the fund that owns the hotel.
Elaborating on the Asia-Pacific hospitality portfolio that Aravest plans to build, Song said the key markets will be Singapore and gateway cities in Korea, Australia and Japan. &ldquo There&rsquo s a long-term secular trend appeal for global hospitality.&rdquo
The four countries will also be Aravest&rsquo s focus for acquisitions of office, living sector and logistics assets.
Hilton currently manages Conrad Singapore Orchard, Conrad Singapore Marina Bay, Hilton Singapore Orchard and Hilton Garden Inn Singapore Serangoon. Hilton will also manage, under its NoMad brand, the new 173-room hotel being developed on the former Faber House site at 230 Orchard Road it is expected to open in Q4 2026.
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Joelton
Supreme |
04-Nov-2025 09:50
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Wee Hur selling Adelaide student accommodation property for S$14.2 million
The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A
[SINGAPORE] Wee Hur Holdings : E3B +2.76% announced that its 80 per cent owned Australian subsidiary had entered into a sale and purchase agreement for the disposal of a property located at 188 Grenfell Street in Adelaide for S$14.2 million on Oct 31.
Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A (WHF3A) constituted on Oct 27, is the buyer of the Australian property from Anchor Urban Development, an indirectly owned Australian unit of Wee Hur, according to the bourse filings made by the property and construction group on Monday (Nov 3).
The property is a purpose built student accommodation (PBSA) with 708 beds and occupying a land area of about 868 square metres. Development works commenced in June 2025, with a targeted completion by the second half of 2027.
Assuming that the disposal had been completed on Jun 30, the estimated gain is approximately S$4.7 million. Wee Hur intends to use the net proceeds from the disposal for new investment opportunities or for other general working capital purposes.
Completion of the proposed disposal is expected to take place on Nov 28.
Wee Hur will retain an indirect 20 per cent stake in the Grenfell property after the sale, with the remaining 36.98 per cent to be held by other investors not named in the announcement, and 33.5 per cent to be held by the Goh directors and their associates.
The proposed disposal is an attempt by Wee Hur to reduce its direct interest in the property from 80 per cent to 20 per cent, with its retained interest to be held indirectly through WHF3A.
This is an initiative to consolidate its PBSA assets under WHF3A, in line with the investment strategy of the fund, said Wee Hur in an earlier filing dated Oct 22. The disposal would also allow the group to mitigate investment risk.
Wee Hur will hold a 22.11 per cent stake in WHF3A, which was established with its wholly owned unit Wee Hur Capital as its fund manager and Wee Hur (Australia) as its sponsor.
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sfw2124
Senior |
04-Nov-2025 08:15
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Impact Analysis: Wee Hur Adelaide Property Disposal on Share PriceThe Adelaide property sale announcement is a moderately positive development that should support the share price in the medium term, though the immediate market reaction will likely be muted. Here' s the detailed analysis: Key Transaction Details Wee Hur Holdings' Australian subsidiary is selling an 868 square-metre purpose-built student accommodation (PBSA) property at 188 Grenfell Street in Adelaide for S$14.2 million. The buyer is Grenfell Trust, an indirect 90.48% sub-trust of the newly created Wee Hur PBSA Fund III A (WHF3A), established on October 27, 2025. The estimated gain from this disposal is approximately S$4.7 million, assuming completion as of June 30, 2025. Positive Factors Supporting Share Price1. Cash Generation and Capital Redeployment The transaction generates significant cash proceeds that strengthen Wee Hur' s balance sheet. With cash and cash equivalents of only S$101.8 million as of end-2024, this disposal improves liquidity for working capital and strategic investments. The company has explicitly stated it will use proceeds for new investment opportunities or general working capital, signalling management' s confidence in deploying capital efficiently. 2. Strategic Asset Consolidation This 708-bed property represents Wee Hur' s ninth PBSA asset and consolidates its Australian student housing portfolio under a unified fund structure (WHF3A). This demonstrates disciplined fund management and aligns with Wee Hur' s successful track record&mdash the group previously sold a 49.9% stake in its PBSA portfolio for A$567.9 million (S$573.6 million), unlocking S$0.35 per share in value. The consolidation under WHF3A positions Wee Hur as a professional fund manager, a high-margin business model. 3. Earnings Accretion The S$4.7 million gain contributes directly to net profit. Given Wee Hur' s current net income profile, this represents a meaningful positive contribution to near-term earnings. With development targeted for completion by the second half of 2027, the property will contribute to future revenue streams through operational lease income once developed. 4. Diversification Momentum Wee Hur is actively expanding beyond traditional construction. Recent developments include equity stakes in hospitality (DoubleTree by Hilton Singapore partnership at Robertson Quay), education (Wycombe Abbey International School opening September 2028 in Hougang), and greenfield residential developments in Queensland. The Adelaide PBSA consolidation fits this broader portfolio expansion strategy. Moderating Factors1. Limited Headline Impact The S$14.2 million sale value is modest relative to Wee Hur' s total assets of S$1,031.8 million (1.4% of assets). Compared to the company' s recent S$319.8 million disposal of its 37.1% stake in the PBSA Fund I portfolio in April 2025, this transaction is relatively small in scale. 2. Long Development Timeline Development commenced in June 2025 with targeted completion in H2 2027, creating a two-year waiting period before significant operational cash flows materialize. This delays value realization for investors. 3. Market Sentiment on PBSA The Australian student housing market has faced regulatory scrutiny and rising interest rates, affecting valuation multiples. While Wee Hur' s flagship PBSA portfolio was successfully exited to institutional investors (Greystar), smaller individual properties may command lower valuations. 4. Share Price Already Responsive to PBSA News When Wee Hur announced the WHF3A establishment in late October 2025, shares rose 3.6% to 73 cents, suggesting the market has partially priced in the PBSA consolidation strategy. The Adelaide disposal is an execution detail of that strategy rather than a surprise catalyst. Historical PrecedentIn April 2022, Wee Hur' s disposal of a 49.9% PBSA stake triggered an 11% surge in share price, with investors recognizing the value unlock and capital redeployment opportunity. However, that transaction was significantly larger (A$567.9 million) and represented a strategic exit. The current Adelaide sale is more of a fund restructuring transaction. Share Price OutlookCurrent Price Level: S$0.745 as of November 3, 2025, represents a modest S$0.02 increase from prior levels. Near-term Expectation (1-3 months): Limited material price movement expected. The market may view this as a routine fund management transaction. Positive sentiment depends on completion execution and details of capital redeployment. Medium-term (3-12 months): If Wee Hur successfully deploys the proceeds into higher-return projects (such as the Wycombe Abbey School partnership or Queensland greenfield developments showing stronger returns), the share price could gain 5-10% as investors re-rate the business earnings power. Key Catalysts to Watch:
The Adelaide disposal is a positive supporting factor for the share price, but not a standalone catalyst. Its impact will be amplified if coupled with announcement of attractive new investment opportunities funded by the proceeds. DYODD
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sfw2124
Senior |
04-Nov-2025 07:48
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Aravest and Wee Hur Complete S$160 Million Hotel Miramar Acquisition Wee Hur Holdings has made its maiden hotel investment through a strategic partnership with Singapore-based asset management firm Aravest, acquiring the former Hotel Miramar Singapore in Havelock Road for S$160 million. This represents approximately S$465,100 per room for the 344-key property. Key Transaction Details:
Strategic Rationale: The partnership combines Wee Hur' s construction and development expertise with Aravest' s hospitality investment strategy and Hilton' s global brand recognition. The property offers significant value-add potential with approximately 100,000 sq ft of unutilized gross floor area, though owners chose not to pursue major redevelopment. Assessment: Will This Benefit Wee Hur and Uplift Share Price?Positive Factors Supporting Share Price Growth1. Strategic Diversification into High-Growth Hospitality Sector Singapore' s hospitality market is experiencing robust recovery with tourism receipts projected to reach S$47-50 billion by 2040, up from S$29.8 billion in 2024. The sector shows strong fundamentals with RevPAR recovering to S$226 in 2024, surpassing pre-pandemic levels. 2. Strong Market Position and Timing
3. Premium Brand Partnership The DoubleTree by Hilton brand commands premium pricing, with market expectations of S$240 average daily rates compared to the previous S$170-180 at Hotel Miramar. This represents potential revenue uplift of 30-40%. 4. Analyst Confidence in Wee Hur Multiple research houses maintain positive ratings with target prices ranging from S$0.80-0.91:
5. Strong Financial Foundation Wee Hur demonstrates solid fundamentals with a S$629 million construction order book (record high), strong balance sheet (debt-to-equity 0.33), and improved gross margins (38.8% in recent periods). Risk Factors and Challenges1. Market Normalization Concerns Recent data shows RevPAR declining 4.3% year-over-year in Q1 2025 to S$220.2, indicating normalization from pandemic recovery highs. Hotel occupancy also softened to 80.6% (-1.1 percentage points). 2. Lease Tenure Limitation The 41-year remaining lease tenure is shorter than typical hotel investments, though this was factored into the pricing. This may limit long-term value appreciation potential. 3. High Valuation Concerns Wee Hur' s current P/S ratio of 2.8x significantly exceeds the industry median of 0.8x, with analysts expressing concern about elevated valuations relative to forecast growth of 15% versus industry average of 22%. 4. Economic Headwinds Global macroeconomic uncertainty, tariff tensions, and cautious consumer spending may impact tourism recovery momentum. Investment Verdict: POSITIVE OUTLOOKExpected Benefits for Wee Hur:
Share Price Impact Assessment: This strategic move should be moderately positive for Wee Hur' s share price over the 12-24 month horizon. The combination of:
Suggests the investment will enhance Wee Hur' s investment thesis and support analyst target prices in the S$0.80-0.91 range, representing 8-24% upside from current levels. Key Catalysts to Watch:
The Hotel Miramar acquisition represents a well-timed strategic diversification that should contribute positively to Wee Hur' s long-term value proposition, particularly given Singapore' s favorable hospitality investment landscape and the company' s strong execution capabilities. News from BT and Analysis by Perplexity AI. DYODD
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Joelton
Supreme |
31-Oct-2025 08:53
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Wee Hur, Wycombe Abbey and BE Education to develop new international school in Singapore
Wee Hur Holdings, Wycombe Abbey and BE Education have partnered together to establish a new international school, Wycombe Abbey School (Singapore).
Wycombe Abbey is one of the UK&rsquo s most prestigious independent schools. The landmark initiative marks the brand&rsquo s expansion into Southeast Asia.
The school, which is slated to open in September 2028, will be a K-12 co-educational day school, that combines &ldquo academic rigour with holistic development and a future-proof approach to learning&rdquo . Though Wycombe Abbey&rsquo s Singapore school will be a day school, it will embody the key elements of a traditional British boarding school such as a House System, pastoral care framework and an extended school day. Students will also be able to take part in weekend and holiday activities.
The campus will be located on a prime site along Hougang Ave 3, or a 20-minute drive from the Central Business District (CBD) and Changi Airport.
The initiative builds on Wee Hur&rsquo s track record in deploying capital into alternative real estate assets, and builds on BE Education&rsquo s track record of launching and operating Wycombe Abbey schools in Asia.
" Wycombe Abbey is honoured to have been selected by the Singapore government through a competitive Request-for-Interest exercise to establish our first campus in Southeast Asia,&rdquo says Patrick Sherrington, chair of Wycombe Abbey International.
&ldquo This milestone marks a significant step in extending our proud tradition to Singapore. Building on the success of our five international schools, we are committed to creating the most future-ready Wycombe Abbey School to date&mdash equipped with cutting-edge technologies and guided by an innovative educational ethos designed to prepare students for the opportunities and challenges of tomorrow,&rdquo he adds.
William Vanbergen, founder of BE Education, says the new school represents a &ldquo unique opportunity to contribute meaningfully to the nation&rsquo s continued development as a world-class education hub&rdquo .
&ldquo Through this endeavour, we are committed to building bridges through education and inspiring the next generation of leaders for the world,&rdquo he adds.
Wee Hur Holdings&rsquo chief investment officer, Goh Wee Ping, notes that education is &ldquo one of the most enduring investments a nation can make. &ldquo It shapes the country&rsquo s workforce and leadership, and serves families and communities,&rdquo he says. &ldquo In partnering with Wycombe Abbey and BE Education, we are proud to support a model of learning that is both academically rigorous and globally relevant. This project reflects Wee Hur&rsquo s belief that longterm value comes from investments that uplift both people and places.&rdquo
&ldquo Delivering education infrastructure demands precision, foresight and respect for how learning environments shape outcomes,&rdquo says Goh Chengyu, CEO of Wee Hur Property.
&ldquo As a trusted local partner with deep understanding of Singapore&rsquo s built environment and a proven track record in quality project delivery, Wee Hur is committed to realising Wycombe Abbey School (Singapore) as a best-in-class education facility,&rdquo he adds. &ldquo Leveraging our local knowledge and strong relationships, we can ensure smooth operations and enduring success. This project reflects our disciplined approach to identifying demand-led asset classes and building them with prudence and purpose.&rdquo
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Joelton
Supreme |
30-Oct-2025 09:02
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Wee Hur prices S$175 million fixed rate notes due 2030 at 4.8%
They will be issued on Nov 4 and listed on the Singapore Exchange on Nov 5
[SINGAPORE] Property developer Wee Hur : E3B 0% on Tuesday (Oct 28) launched and priced its inaugural offering of S$175 million worth of fixed rate notes due in 2030 at 4.8 per cent.
Pursuant to Wee Hur&rsquo s S$500 million multicurrency medium-term note programme established on May 29, the notes are expected to be issued on Nov 4 and to list on the Singapore Exchange on Nov 5.
They will be issued at an issue price of 100 per cent of their principal amount, in denominations of S$250,000 or multiples of this sum. The interest from the notes is payable semi-annually in arrears on May 4 and Nov 4 each year, starting from 2026.
The notes will mature on Nov 4, 2030, unless they have been redeemed or purchased earlier and cancelled.
Net proceeds from the issuance will be used for the group&rsquo s general corporate purposes. This includes refinancing its existing borrowings and financing investments, acquisitions, general working capital and capital expenditure.
The notes are offered outside of the US and in Singapore, to institutional investors and accredited investors.
Some 15.3 per cent of the notes have been allocated to controlling shareholders and directors of Wee Hur, its chief executive, and associates of these individuals, the group said.
As this is a &ldquo substantial portion of the aggregate principle amount&rdquo of the notes, these noteholders may be able to control the outcome of votes, which will be binding to all noteholders, the group said. It added that this may also reduce liquidity of the notes in the secondary trading market.
DBS and UOB have been appointed as joint lead managers and book runners for the issuance. The Singapore branch of Shanghai Pudong Development Bank has been appointed as a co-manager for the notes.
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