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Centurion Accommodation REIT: Provisional Permission Received In Relation To Westlite Ubi.

11 Feb 2026 10:34

Centurion Accommodation REIT is pleased to announce the receipt of provisional permission to develop an additional 6-storey block and to alter the existing 8-storey block in Westlite Ubi. The Proposed Ubi Works will increase the number of beds in Ubi by an additional 540 beds, from 1,650 beds to 2,190 beds upon completion of the works. The land premium payable to the JTC Corporation in relation to the Proposed Ubi Works is approximately S$13.9 million. Centurion Asset Management Pte. Ltd., the Manager, intends to fund the Proposed Ubi Works with committed debt facilities...

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Source: ShareInvestor Express