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.
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 four workers accommodation in Singapore, namely, Westlite Toh Guan, Westlite Mandai, Westlite Woodlands and Westlite Papan. 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. The current four accommodations operate at high occupancy with a total capacity of c.26,100 beds.
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 of 31 December 2018, the Group owns a portfolio of c.26,100 beds across four operating workers accommodation assets in Singapore and c.23,700 beds across six workers operating accommodation assets in Malaysia. Following the completion of projects currently under development and undergoing asset enhancement works, the Group’s portfolio of workers accommodation assets will grow to 12 assets with c.62,600 beds.
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.