Wee Hur Holdings

[$wise]

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[Xiaosaint]

Hi guys, does anyone know the locations of the plots of land Wee Hur just bought in Australia? As in the addresses of the plots of land. I cant seem to find any detailed information on this... I understand that they plan to develop the land for residential and commercial mix development. Would like to know whether the plots of land are at the city fringes or city central area to get a better understanding of how much of an impact to their earnings these deals may be going forward.

Your assistance is greatly appreciated!


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[FortuneSix]

Hi guys, does anyone know the locations of the plots of land Wee Hur just bought in Australia? As in the addresses of the plots of land. I cant seem to find any detailed information on this... I understand that they plan to develop the land for residential and commercial mix development. Would like to know whether the plots of land are at the city fringes or city central area to get a better understanding of how much of an impact to their earnings these deals may be going forward.

Your assistance is greatly appreciated!


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Link : https://brisbanedevelopment.com/internat...anda-site/

Infrastructure around the area looking pretty good to me.

[BlueKelah]

Address is 255 Logan Road, Woolloongabba, Queensland

Location is southern fringe of Brisbane CBD (~5km from CBD)

Site is adjacent to Buranda train station (5 stops from Central CBD train station, 21mins travel time) and also direct bus to city(~10 mins). Direct drive by car only about 6mins. The M3(8 lane Highway) , train, bus and busy Logan arterial road(4 lanes) run around it. Next to a local primary school. In the picture its is surrounded by lotsa old one storey houses and even some acreage (no lack of development land in the area) as well as Norman Creek on right which poses a high-medium flood risk during flood time on the property.

This site was offloaded by Anthony John Group
Anthony John Group is selling its 2ha Buranda site which was earmarked for its The Boulevard project

By the time Wee Hur finish development there will be a flood of apartments in Brisbane, just like in Melbourne now. In addition, Queensland economy is pretty much base on Oil/Gas and mining sector which is getting impacted quite a bit like perth/Western australia (property prices already downtrend in Perth).

How profitable probably depends on how much further Aus central bank cut interest rate to prop up the housing sector (should find out soon next week). There was a big fall in AUD last weekend to SGD and also since last year, so WeeHur on paper already has a small loss in asset value.

Wee Hur is a little too late to the Aussie property game IMHO, but maybe they could flip this site to unsuspecting Chinese developer quickly for a quick 10% profit?

[Xiaosaint]

Wow! 510.9K shares bought by 1 person!?!? Seems like some big player just cleared the $0.380 hurdle! Could it be a share buy back by Wee Hur like in 2012?


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[gzbkel]

Interesting video by BBC regarding Tuas View Dormitory.

http://www.bbc.com/news/business-32297860

[Cheers]

Can Wee Hur be the next delisting target ?

Cheers !

[Xiaosaint]

Just realised today is Wee Hur's Extraordinary General Meeting. Anybody went? Anything interesting to share?

Vested


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[FortuneSix]

Just realised today is Wee Hur's Extraordinary General Meeting. Anybody went? Anything interesting to share?

Vested


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Quite sure it's on the 24th, which is tomorrow.

[Xiaosaint]

Oh! I was thinking today is 24th! Hahaha... If anyone is going, I sure hope he/she can share with us, who cant make it, what went on during the EGM.


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