Rethinking Centurion’s role in housing workers
There is a case for shrinking the private sector’s involvement in areas such as their accommodation and healthcare
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REAL estate investment trust (Reit) investors here are already spoilt for choice in terms of property asset classes. Soon, they may also get exposure to workers accommodation assets.
Think of the stable demand for housing the army of foreign workers in construction and other sectors that translates into steady recurrent income for Reit investors.
Centurion Corporation’s potential listing of a Reit comprising workers accommodation and student accommodation properties on the local bourse will be much welcomed by supporters of Singapore’s Reit sector and the broader listed equities market.
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