AU – Under-supplied PBSA as International Students Return
As borders re-opened and international students are welcomed back into the country, international students are steadily returning to Australia, but face a severe shortage of accommodations. Growth in student population and demand for PBSA are expected to continue, following China’s move to end recognition of online degrees.
USA – Portfolio Assets Continue to Deliver Healthy and Stable Occupancy
In 2022, our US portfolio remains strong with year-on-year growth in financial occupancy and rental rates, supported mainly by strong domestic demand.
UK – Ability to Attract Growing Domestic Demand
The UK maintains as one of the top tertiary education markets in the world. However, with the pandemic throttling travel and face-to-face teaching, demand from international students is relatively uncertain compared to domestic demand. Our UK assets will continue to attract demand from growing domestic student population, as well as continued pent-up demand from multiple international student source countries.
Our Parent Company
Centurion Corporation Limited is an SGX-listed company offering investors exposure to the attractive workers and student accommodation sector. Centurion was listed on the SGX in 1995, and dual primary listed the SEHK on 12 December 2017. Since 2014, Centurion’s diversified portfolio now comprises of 67,316 beds across 35 quality, purpose built student and workers accommodation assets located in six geographic markets across the world.
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