Dormitories

Hong Kong student dorms lure PEs in HK$3.2 billion investment rush

Local developers, universities and global funds are piling in, betting on a steady stream of mainland Chinese students

Founded in 2009, TS Group develops and operates large-scale communities for foreign workers and the elderly, according to its website.

TS Group owners weigh sale of S$500 million controlling stake in Singapore dormitory firm: sources

[SINGAPORE] Shareholders of TS Group, a Singapore-based provider of purpose-built foreign worker dormitories, are considering selling a controlling stake in the business in a deal that could be worth ...

Dormitory rates are likely to stay elevated over the medium to long term, says a report by Knight Frank and Dormitory Association of Singapore Ltd.

Singapore worker dormitory rents up 81.5% since 2019 as demand and costs grow: report

Year on year, rents rise 8.9% in H1 2025 to an average of S$490 per bed per month

Westlite Tampoi is one of the worker dormitories that Centurion manages in Johor.

Centurion unit acquires Johor dorm operator for RM110.8 million, ups bed capacity by 25%

This acquisition expands Centurion’s Malaysian portfolio to 35,610 beds

Centurion's  Q1 FY2025 revenue rose 13% year-on-year to S$69 million, driven by higher rental rates for its Singapore dormitories.  Pictured is the company's chief executive Kong Chee Min.
BROKERS’ TAKE

Centurion seen as small-cap ‘jewel’ amid demand for dormitory spaces, potential Reit listing

The counter has generated total returns that have far surpassed that of the STI so far this year

Tee Up Capital CEO Kelvin Low at the company’s flagship PPT Lodge 1A dormitory in Seletar North.
ENTERPRISE 50

Building better housing for Singapore’s migrant workers

Beyond basic accommodation, Tee Up’s migrant worker dormitories aim to create a welcoming, community-oriented environment

A potential deal could value Avery Lodge at S$750 million.

Investors bet big on worker dormitories amid rising rents and supply crunch

Singapore’s increasing infrastructure projects are driving demand

The deal is the latest in a string of transactions that have seen planned office projects ditched in favour of alternative uses including hotels and student accommodation.

Blackstone’s iQ buys defaulted London office for dorms

BLACKSTONE’s iQ Student Accommodation business has bought a plot of central London land out of receivership after its previous owner defaulted on a loan from the billionaire Reuben Brothers.

A potential deal could value Avery Lodge at S$750 million to S$780 million, says Bloomberg's sources.

Bain nears deal to acquire Blackstone’s Avery Lodge

BAIN Capital is nearing a deal to acquire Blackstone’s Singapore worker dormitory firm Avery Lodge after outbidding other rival private equity firms, according to people familiar with the matter.

Centurion's chief executive Kong Chee Min has been named the Best CEO in the mid-cap category in this year's Singapore Corporate Awards.
BEST CEO (MID CAP)

Leadership takes Centurion from small-cap to mid-cap at the Singapore Corporate Awards

Its CEO – winner of the Best CEO award for the small-cap category in 2016 and for mid-cap today – says the Covid years were about seizing growth opportunities