Centurion Accommodation REIT Obtains Temporary Occupation Permit For Westlite Mandai Expansion

SGX Filings
01/07

Centurion Accommodation REIT said on Jan, 07 2026 that it has received the temporary occupation permit for a new 3,696-bed block at its Westlite Mandai workers’ dormitory.

The permit triggers the release of about 26.35 million Singapore dollars to the vendors of both Westlite Mandai and Westlite Toh Guan. The amount represents 85 per cent of the 31.0 million Singapore dollars previously retained to cover completion risks associated with the two projects.

With the new block in place, Westlite Mandai’s total capacity rises to 9,986 beds, including 1,980 beds that can be kept under the Mandai Expanded Capacity approval until Dec, 31 2030. An application for a Foreign Employee Dormitories Act licence covering the full 9,986 beds has been submitted.

Upon receipt of the licence, the manager will pay an additional 34.0 million Singapore dollars, termed the Mandai Expanded Capacity Consideration, to Lian Beng-Centurion (Mandai) Pte. Ltd.

The Westlite Mandai expansion forms part of the “Relevant Westlite Works” detailed in the trust’s prospectus dated Sep, 18 2025, alongside the 1,764-bed addition at Westlite Toh Guan, which obtained its temporary occupation permit on Oct, 25 2025.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10