Singapore PBWA still screens as the strongest earnings engine.
The latest data as at end-Jun 25 showed that work-permit holders in the construction, marine and processing (CMP) industries rose to 460,300 from 456,800 in Dec 24. Meanwhile on the supply side, tougher dormitory standards, zoning restrictions and operator exits have curbed effective capacity. Thus, even with an additional 25,000 beds coming online over the next few years, demand is expected to exceed supply.
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UK PBSA outlook remains favourable.
The UK Purpose-Built Students’ Accommodation (PBSA) demand and supply outlook remains favourable, albeit less acute than Singapore’s PBWA. In academic year (AY) 2025/26, university and international acceptances rose 2.3% and 6.8% respectively vs a supply increase of only 1.0% to 762,041 beds.
As a result, CAREIT’s UK PBSA portfolio registered a 98.9% occupancy in 2025 and will likely remain tight in 2026 and 2027.
Structural undersupply in Australia PBSA but the smallest in NPI.
Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
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