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Singapore: Developer Wee Hur Holdings will deliver a PBSA project comprising almost 1,400 beds at Nanyang Technological University (NTU).
NTU has awarded Wee Hut the project following a competitive expression-of-interest and request-for-proposal process.
The award covers the facility’s design, construction, financing, operation and maintenance. Both parties are working to finalise an agreement.
Once completed, the development is expected to be Singapore’s largest privately developed and operated student accommodation facility on an autonomous university campus,.
The facility will primarily accommodate postgraduate students, with a limited number of beds reserved for undergraduates.
Construction is set to begin in Q3 2027, with operations scheduled to commence by the start of the 2029/2030 academic year, subject to approval from NTU and regulatory authorities.
The development will be carried out through a special-purpose vehicle.
Wee Hur Property CEO Goh Chengyu said: “By developing the PBSA from the ground up and operating it over the long term, we can apply our experience across the full real estate life cycle – from design and construction through to operations.”
The project will also take Wee Hur’s student accommodation business into a third market, following Australia and Hong Kong, as the group expands its platform across the Asia-Pacific region.
Goh Wee Ping, chief investment officer of Wee Hur Holdings and CEO of Wee Hur Capital, said: “Working with NTU allows us to bring our experience to our home market while further scaling a platform that we believe can create long-term value for the group.”
Highlights:
- Developer Wee Hur Holdings will deliver a PBSA project comprising almost 1,400 beds at Nanyang Technological University (NTU) in Singapore
- Wee Hur will design, construct, finance, operate and mainten the scheme on behalf of NTU
- Construction is set to begin in Q3 2027, with operations scheduled to commence by the start of the 2029/2030 academic year
