Huationg Global Limited announced on May, 7 2026 that its wholly owned subsidiary, One Changi Private Limited, has signed a sale-and-purchase agreement to acquire a 4,385-square-metre leasehold site at Lot 8244M of Mukim 27, Singapore, for a 45-year term.

The group plans to develop the land into a purpose-built dormitory with an estimated gross floor area of about 7,000 square metres. The combined land purchase and construction outlay is projected at roughly 58.0 million Singapore dollars, equal to about 35.4% of the company’s market capitalisation of 163.9 million Singapore dollars as of May, 6 2026.

Construction is slated to begin in the second half of 2026, with completion targeted for the second half of 2028 and operations expected to commence in the first half of 2029.

Huationg Global said the project will be financed through a mix of internal resources and bank borrowings and is not expected to have a material impact on the group’s financial results for the year ending Dec, 31 2026.