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Centurion Secures Tender for Singapore Purpose-Built Dormitory Project

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Centurion (SGX:OU8) was awarded a tender by the Building and Construction Authority for a purpose-built dormitory site in Singapore, held on a 30-year lease, according to a Wednesday filing.

The site covers an area of around 22,079 square meters and an allowable development capacity of 7,000 beds at a gross plot ratio of 3.0.

The developer and manager of specialized living sector accommodation assets had made a bid of SG$343 million for the project.

The company will develop the asset via a joint venture, with operational readiness targeted for the third quarter of 2028.

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