Worker Accommodation

The Group diversified into the Workers Accommodation Business in 2011 after their successful reverse acquisition exercise and is now one of the largest providers of workers accommodation in Singapore and Malaysia.

SINGAPORE

The Group’s Workers Accommodation Business in Singapore is presently managed under the WESTLITE brand which is one of the largest providers of workers accommodation in Singapore. The Group currently operates five workers accommodation in Singapore, namely, Westlite Toh Guan, Westlite Mandai, Westlite Woodlands, Westlite Papan and Westlite Juniper. Both Westlite Toh Guan and Westlite Woodlands are 100% owned while Westlite Mandai and Westlite Papan (both joint ventures with Lian Beng Group) are 45% and 51% owned respectively. For Westlite Juniper, the Group secured a 10-year lease, with an option to renew for another five years. This lease commenced in September 2019. The current five accommodations operate at high occupancy with a total capacity of c.28,000 beds.

MALAYSIA

The Group’s Workers Accommodation Business in Malaysia is one of the largest providers of purpose-built workers accommodation in Malaysia.

As one of the pioneers in purpose-built workers accommodation in Malaysia, the Group’s workers accommodation and services are gaining recognition and acceptance by MNCs, local companies and their workers.

Centurion’s established portfolio of workers accommodation assets are managed under the WESTLITE brand. As at 30 June 2019, the Group owns a portfolio of c.30,700 beds across seven operating accommodation assets in Malaysia. In 2Q 2019, the Group has commenced development of an eighth asset at Tampoi II, Johor. The development is expected to complete in 3Q 2020, and add 3,600 more beds to the Group’s purpose built workers accommodation portfolio in Malaysia.

The Group has been making good progress in building its customer base in Malaysia and attracting the manufacturers to house their workers in its workers accommodation portfolio. Amongst its existing customers are reputable multinational electronic contract manufacturers and manufacturing companies who care for their workers’ well-being by putting them in proper accommodation. As part of their manufacturing requirement to meet the Electronic Industry Citizenship Coalition standards, certain companies would prefer to house their workers in proper accommodation. The Group has managed to achieve high occupancy rate for its Malaysia portfolio.

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