Active asset management and enhancement
In line with our continual commitment to providing quality accommodation in a safe and conducive living environment, we maintain a regular upgrading and expansion programme to meet the space and living needs of our residents. Providing high quality facilities ensures we stay competitive in this market and allow us to anticipate and meet our customers’ requirements in providing quality accommodation for their employees.
As part of our asset enhancement initiatives, the Group has recently undertaken upgrading works to increase Westlite Toh Guan’s bed capacity and expand its existing recreation and commercial facilities. These asset enhancement works were completed in January 2014, and the site now comprises an additional 18 storey block as well as the existing seven 5-storey blocks. Total bed capacity has increased to approximately 8,600 beds, complemented by indoor and outdoor recreational areas.
At Westlite Tuas, the Group’s largest workers accommodation facility with a bed capacity of 8,600 beds, we have continued to upgrade and enhance services provided. The sprawling accommodation facility offers a wide range of amenities, as well as the opportunity to host a variety of events and activities which are attended and enjoyed by all our residents.
Having recently upgraded the security and access system from biometric fingerprint to biometric facial scan technology, residents entering and leaving Westlite Tuas are able to do so more quickly, safely and conveniently. In a bid to promote social interaction among the residents, a piece of unused land, measuring 4,375 sq m, was converted into a garden, at the same time improving the overall landscape.
Acquisitions and developments in Singapore and the region
We are constantly on the lookout for opportunities to acquire additional accommodation assets to grow our portfolio in Singapore and overseas, including existing accommodation assets and suitable land sites.
Leveraging the strong network of our controlling shareholder, we will focus on expanding in key manufacturing hubs in Asia where the demand for foreign workers accommodation is strong. The Group’s expansion and growth will include investments in and management of accommodation assets and related businesses. We will undertake such acquisitions and investments, either on our own or through strategic relationships or joint ventures with suitable partners.
Provision of third party property management
We have a strong team of professionals who have years of experience and track record in effectively managing accommodation assets which accommodate various nationalities, customs and cultures, as well as the ability to provide design, construction and management-related consultancy services. Leveraging our deep management expertise and experience, the Group will constantly look for opportunities to manage accommodation assets owned by private companies, developers and institutional or financial investors. We may also enter into strategic partnerships or ventures with suitable partners to carry out management of accommodation assets that are owned by third parties.