This demand will remain very robust in 2023, underpinning Centurion’s results for at least the next 12 to 18 months, he adds.
UOB Kay Hian analyst Adrian Loh has kept “buy” on Centurion Corp (SGX:OU8
) following better-than-expected demand for purpose-built workers accommodation (PBWA), the company’s largest profit contributor.
Centurion is experiencing healthy demand for its PBWA assets in Singapore as rents in the private residential sector have increased materially in the 12 months. Companies that did not previously require accommodation for its workers are now a new source of demand as they assist their workers in more affordable housing options, notes Loh.
