The Business Times

Dormitories

Property

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

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%

Centurion's Q1 FY2025 revenue rose 13 per cent 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. PHOTO: BT FILE
Companies & Markets
BROKERS’ TAKE

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

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

Bain Capital is said to be nearing a deal to buy Blackstone Singapore's worker dorm firm Avery Lodge (above) for S$750 million.
Property

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

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

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

Bain nears deal to acquire Blackstone’s Avery Lodge

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.
Singapore Corporate Awards 2024Singapore Corporate Awards
BEST CEO (MID CAP)

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

Centurion's revenue for H1 rose 27 per cent to S$124.4 million, from S$97.9 million a year earlier.
Companies & Markets

Centurion H1 profit jumps 209% to S$118.2 million on fair-value gains

Student accommodation has emerged as one of the few remaining bright spots in Hong Kong’s prolonged property downturn.
Property

Hong Kong builds dorms, sees rent hikes on influx of Chinese students

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