Heeton Holdings (5DP) said on Jan, 28 2026 that its wholly-owned unit Heeton Homes Pte. Ltd. has entered into a joint venture agreement with Astra Horizon Ventures Pte. Ltd. and Hong Heng Company Private Limited to acquire a collective 5% equity interest in two entities—Wee Hur Thomson (Residential) Pte. Ltd. and Wee Hur Thomson (Commercial) Pte. Ltd.—which are developing an integrated residential-cum-commercial project at Upper Thomson Road (Parcel A).

The new vehicle, Thomson Invesco Pte. Ltd., has been incorporated for the investment. Heeton Homes will hold 65% of the joint-venture company, while Astra and Hong Heng will own 10% and 25% respectively.

Total funding from shareholders will comprise about 13.5 million Singapore dollars in proportionate shareholder loans and associated guarantees for external bank financing. Heeton’s share of these commitments is approximately 33.10 million Singapore dollars, equal to about 7.85% of the group’s audited net tangible assets as of Dec, 31 2024.

Astra and Hong Heng are deemed interested persons as they are associated with Heeton’s executive chairman and controlling shareholder, Mr Toh Giap Eng. The transactions fall under Singapore Exchange Mainboard Rule 916 exemptions, with the company’s audit committee affirming that the terms are on normal commercial footing and not prejudicial to minority shareholders.

Heeton said the venture aligns with its strategy to broaden its investment portfolio, generate new income streams and leverage partners’ expertise.