Wee Hur Holdings Ltd, a Singapore-based construction and property development company, has announced a significant expansion of its order book to approximately S$700 million. This follows the acquisition of two Housing Development Board (HDB) build-to-order projects valued at S$439.4 million in May 2025. The company aims to further increase its order book to S$1 billion within the next year by securing additional projects worth S$200 million to S$300 million.
The company is leveraging its strong legacy in construction and property to develop high-return businesses, including fund management. The opening of its 10,500-bed purpose-built workers accommodation (PBWA) Pioneer Lodge in Singapore by the end of 2025 is expected to increase its PBWA bed inventory by 40% to approximately 26,000 beds. This expansion is projected to boost PBWA revenue by 55% in the financial year 2026.
Wee Hur Holdings is also pursuing higher return on investment (ROI) opportunities, such as fund management and land subdivision developments in Australia. The company has a track record of executing approximately A$2 billion worth of purpose-built student accommodation (PBSA) deals in Australia, which positions it well for future growth.
The company’s current share price does not yet reflect the potential extension of the Tuas View Dormitory lease, which could further enhance its financial outlook. Analysts have initiated coverage with an “Add” recommendation, setting a target price of S$0.91, up from the current price of S$0.70. This reflects a 30.9% potential upside, driven by Singapore’s construction upcycle and strong demand for PBWAs and PBSAs. Future catalysts include new tenders for PBWAs and PBSAs in Singapore and Australia.
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