# Wee Hur makes student housing foray in Singapore with 1,398 new beds at NTU

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-16T13:24:11.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/wee-hur-makes-student-housing-foray-singapore-1398-new-beds-ntu
- **Topics:** Regional Markets

## Featured rationale

The project signals confidence in postgraduate accommodation demand and could expand institutional housing supply while giving Wee Hur a long-term recurring income stream in Singapore.

## AI summary

Wee Hur will develop a 1,398-bed PBSA at NTU, targeting construction from the third quarter of 2027 and operations by the 2029/2030 academic year.

## Original article

Wee Hur Holdings Ltd is entering Singapore’s purpose-built student accommodation (PBSA) scene — building on its experience in the segment across Australia and Hong Kong.

It will design, build, finance, operate and maintain a new property with about 1,398-beds at Nanyang Technology University's (NTU) main campus in the west of Singapore.

The property will house mainly postgraduate students, with a limited number of beds for undergraduates. It will be the first asset in Singapore managed under Y Suites, Wee Hur’s PBSA brand.

Read also: DoubleTree by Hilton Singapore Robertson Quay debuts at former Hotel Miramar

NTU has issued a letter of award for the project in respect of the Singapore-listed company’s proposal submitted on Sept 13, after an expression-of-interest and request-for-proposal process.

The award is subject to terms and conditions, and the parties are working towards finalising the definitive agreement for the project, Wee Hur said in an Oct 16 release.

Construction is targeted to begin in the third quarter of 2027, before operations are expected to commence by the start of the 2029/2030 academic year. That is subject to the relevant NTU and regulatory approvals.

When completed, the PBSA is expected to be Singapore’s largest privately developed and operated student accommodation facility within an autonomous university campus.

It will sit next to 30 Nanyang Link, the university’s former Hall of Residence 7, which is temporarily housing students from Hall of Residence 1 while the latter undergoes renovation.

The greenfield site for the new PBSA measures about 6,000 sq m (64,583 sq ft).

An initial 20-year land lease will be granted, with an option to extend for two five-year terms, subject to the terms and conditions of the definitive agreement.

Read also: New $30.4 mil research programme to develop sustainable construction technologies

Wee Hur has experience across the PBSA lifecycle, spanning greenfield development, construction, investment and operations.

Goh Chengyu, CEO, Wee Hur Property, noted that the NTU project adds to the group's development pipeline, provides further visibility to its construction activities and, when completed, will contribute a long-term recurring income stream.

Goh Wee Ping, Wee Hur Holdings chief investment officer and Wee Hur Capital CEO, said: "Having established our PBSA platform in Australia and expanded into Hong Kong, bringing Y Suites home to Singapore marks an important step in our ambition to build a regional PBSA platform across Asia Pacific."

## Chinese translation

> Translation model: grok_cli

### 伟业进军新加坡学生宿舍市场，将在南洋理工大学新增1398个床位

该专用学生宿舍物业将主要供研究生入住，并为本科生提供有限床位

伟业控股有限公司（Wee Hur Holdings Ltd）正进军新加坡专用学生宿舍（PBSA）市场——该公司将依托其在澳大利亚和香港该领域的经验。

该公司将在位于新加坡西部的南洋理工大学（NTU）主校区，设计、建造、融资、运营并维护一处约1398个床位的新物业。

该物业将主要供研究生入住，并为本科生提供有限床位。这将是伟业PBSA品牌Y Suites在新加坡管理的首个资产。

另读：新加坡罗伯逊码头希尔顿逸林酒店在原美马酒店（Hotel Miramar）原址开业

在完成意向征询和提案征集流程后，南洋理工大学已就这家新加坡上市公司于9月13日提交的方案发出项目授标函。

伟业在10月16日的公告中表示，此次授标须遵守条款与条件，双方正推进敲定该项目的最终协议。

建设目标于2027年第三季度开工，运营预计于2029/2030学年开始时启动。上述安排须获得南洋理工大学及监管机构的相关批准。

竣工后，该PBSA预计将成为新加坡在自治大学校园内由私人开发并运营的最大学生住宿设施。

该项目毗邻南洋路连30号（30 Nanyang Link），即该校前第七宿舍（Hall of Residence 7）。目前该宿舍正临时安置第一宿舍（Hall of Residence 1）的学生，因后者正在翻新。

新建PBSA的未开发地块面积约6000平方米（64583平方英尺）。

项目将获批初始20年土地租约，并可选择延长两个五年期，须遵守最终协议的条款与条件。

另读：新币3040万元新研究计划将开发可持续建筑技术

伟业在PBSA全周期拥有经验，涵盖未开发地块开发、建设、投资和运营。

伟业地产（Wee Hur Property）首席执行官Goh Chengyu指出，南洋理工大学项目将充实集团的开发项目储备，进一步提升其建筑业务的可见度，并在竣工后贡献长期经常性收入来源。

伟业控股首席投资官兼伟业资本（Wee Hur Capital）首席执行官Goh Wee Ping表示：“我们已在澳大利亚建立PBSA平台，并拓展至香港。将Y Suites带回新加坡，标志着我们打造亚太区域PBSA平台这一目标迈出重要一步。”