student accommodation

Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030

Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core assets

Alan Tang, Far East Orchard's group CEO, says the Covid-19 pandemic helped the company to firm up its resolve to diversify and strengthen recurring income beyond hotels.
TOPLINE

Beyond hospitality: Far East Orchard leans on student accommodation for recurring income

It aims to expand the segment and build up fund management capabilities 

Rendezvous Hotel Melbourne, a Far East Orchard property. Contributions from the group's hospitality joint ventures in Australia and Europe fell, mainly due to softer performance in Europe as well as the impact of a cyber incident.

Far East Orchard’s 9M profit more than doubles to S$37.6 million

The sharp increase is mainly driven by one-off gains of S$24.9 million

The 32-storey building is expected to offer rooms of different sizes, from single-bedders to five-bedder units.

Mapletree enters Australia student housing market with Perth acquisition

The student accommodation market in the country remains significantly undersupplied

Traditionally, immigration is estimated to add to both demand and supply reasonably evenly, suggesting they cancel each other out in terms of economic impact.

RBA finds foreign students add to Australia’s housing demand

The research comes as the country’s centre-left government has tightened visa rules for foreign students, in response to a once-in-a-generation housing affordability crisis

The move is part of Macquarie’s strategy of growing its private markets unit overseas after offloading its international public assets to Nomura.

Macquarie to buy 12,000 student beds in Europe real estate push

Student housing has become a hot market within real estate

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

Benson Yard was opened in February 2023, and will continue to be managed by the existing operator after the transaction is completed.

CDL Hospitality Trusts ventures into student accommodation with £37.3 million UK deal

The purchase also includes vacant land that is adjacent to the student accommodation asset