Dormitories

Rental rates at Centurion's Westlite Ubi dormitory are 5% to 10% higher, one analyst estimates.

Property

Singapore worker dorm rents could rise 5% in 2026 after a H2 2025 dip, as mandated upgrades roll out

Post-upgrades, rents may be raised to reflect the higher quality and costs of maintaining the facilities

The proposed works will add 540 beds to the Westlite Ubi dorm.

Companies & Markets

Centurion Accommodation Reit gets in-principle approval for Westlite Ubi dorm expansion

The proposed works should start by Q2, and will be completed in about 1.5 years

Investor enthusiasm is being fuelled by Hong Kong’s push to position itself as a higher-education hub for mainland Chinese students.

Property

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.

Property

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.

Property

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.

Companies & Markets

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.

Companies & Markets

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.

Singapore

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.

Property

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.

Property

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.

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