Wee Hur Secures Tuas View Dormitory Lease Extension to June 2029
Bitget2026/10/27 14:09- Wee Hur secured a two-year, eight-month land lease extension for Tuas View Dormitory from November 1, 2026, through June 30, 2029.
- The 15,744-bed property is held through a joint venture in which the group has a 60% effective interest.
- Tuas View’s average occupancy reached 92% in the first half of 2026, with rental rates holding steady.
- Workers’ dormitory revenue rose 50.7% year over year to S$ 63.3 million, supported by Pioneer Lodge’s first full half-year contribution.
- The portfolio totals 26,244 beds across Tuas View and the 10,500-bed Pioneer Lodge, among Singapore’s largest workers’ dormitory portfolios.
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