Centurion Accommodation REIT Secures Approval to Retain 664 Additional Beds at Westlite Toh Guan Until 2028
Link: https://links.sgx.com/1.0.0/corporate-announcements/CCQFN13QT03ML2QE/6cfee6f0a5bb5f5f1a0bc8ada87e85ab727adebd7a1e1f52e7dd79dc2dcfeed8
Summary:
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Centurion Accommodation REIT has received regulatory approval to maintain expanded capacity of 664 beds at its Westlite Toh Guan dormitory through December 31, 2028
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The approval allows the REIT to operate at 9,094 total beds instead of the originally mandated cap of 8,430 beds following completion of a new 1,764-bed block
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The additional block has received its Foreign Employee Dormitories Act license and is now operational
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A new FEDA license application will be submitted to cover the expanded capacity arrangement, replacing the license issued for the additional block
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The development enhances revenue potential for the recently listed REIT, which completed its initial public offering in September 2025