The average financial occupancy for Singapore PBWAs fell by three percentage points y-o-y to 95% in 1QFY2026, which reflects the ongoing ramp-up of the new beds.
Centurion Corporation has reported revenue of $89.4 million for the 1QFY2026 ended March 31, 30% higher y-o-y, driven by portfolio growth in Singapore, Malaysia and Australia, as well as positive rental reversions.
Revenue for the group’s purpose-built workers’ accommodation (PBWA) segment grew by 30% y-o-y to $69.2 million mainly due to revenue from Westlite Mandai, which became a wholly-owned subsidiary in September 2025. The growth was also attributed to the addition of 5,460 newly operational beds from the completed asset enhancement initiatives (AEIs) at Westlite Toh Guan and Westlite Mandai as well as contributions from the Harum Megah portfolio in Malaysia that was acquired in 3Q2025.
