Parc Centros Developer – Wee Hur Development Pte Ltd.
Wee Hur Holdings Ltd is a holding company with core business in construction and property development. The construction arm of the holding company, Wee Hur Construction Pte Ltd, is an award-winning BCA Grade A1 builder that provides construction services such as new construction, additions and alternations, refurbishment and upgrading, and restoration and conservation of heritage buildings. It handles projects of various types ranging from residential, commercial, industrial, institutional to religious and heritage buildings.
The property development arm of the holding company, Wee Hur Development Pte Ltd, engages in property investment and property development activities such as property related investments, the holding of investments in property related assets, trading in and the development of property. The history of the Group date back to 1980 when Mr Goh Yeow Lian and his brothers and brothers-in-law established a partnership, Wee Hur Construction Company. The company was subsequently incorporated as “Wee Hur Construction Pte Ltd” in 1988 to cater to its growing business.
Through the years, the company grew from strength to strength, handling construction projects of higher values and greater diversity and complexity. In mid January 2008, the company underwent a restructuring, whereby Wee Hur Construction Pte Ltd was included as a subsidiary of Wee Hur Holdings Ltd, which was later listed on SGX-Mainboard on 30 January 2008.
Wee Hur (Paya Lebar) Pte Ltd has constructed several projects such as D’Elias, Trilight and Villa @ Gilstead, DBSS(Design, Build and Sell Scheme) Projects, Upgrading of HDB flats, Compassvale Pearl, Parkview Eclat, Boon Lay Grove.
Wee Hur secured land parcel at Punggol Central/Punggol Place for S$206.2 million
In December 2011, Wee Hur Development Pte Ltd won the tender for a 99-year lease land parcel located at Punggol Central/Punggol Place for S$206.2 million. Ideally located adjacent to Punggol Town’s transport hub comprising Punggol MRT & LRT stations and bus interchange, this land parcel is surrounded by other amenities such as schools and a future shopping mall. Measuring about 18,000 sq m, this land parcel comes with a maximum gross floor area (GFA) of about 54,000 sq m, which can yield between 550 and 600 condominium units. The Group intends to launch this property development in second half of 2012. This is Wee Hur’s first successful tender of land for residential property development. The costs of this acquisition and development will be financed by internal funds and bank borrowings.