This helped push Singapore's IPO fundraising to US$1.4 billion this year, a six-year high and a sign of a market recovery.[Allin][Allin][Allin]
🍾 𝐂𝐞𝐧𝐭𝐮𝐫𝐢𝐨𝐧 𝐀𝐜𝐜𝐨𝐦𝐦𝐨𝐝𝐚𝐭𝐢𝐨𝐧 𝐑𝐄𝐈𝐓 𝐈𝐏𝐎 𝐃𝐞𝐛𝐮𝐭 𝐚𝐭 𝐒𝐆𝐗
@Kenny_Loh：
Honored to be invited as a guest for the Centurion Accommodation REIT (CAREIT) IPO ceremony at the SGX IPO Arena today. CAREIT marks a milestone as Singapore’s first pure-play purpose-built living accommodation REIT, debuting strongly with an opening price of S$0.98—11.4% above its IPO price of S$0.88. The offering raised an impressive S$771 million, making it the city’s second-largest IPO this year and drawing overwhelming investor interest with total demand oversubscribed by 16.6 times. $Cent Accom REIT(8C8U.SI)$ $Centurion(OU8.SI)$ This new REIT features a resilient portfolio of 14 high-quality assets with a combined value of S$1.8 billion, including: 🏠 Five purpose-built workers’ accommodation properties in Singapore, 🏠 Eight purpose-built student accommodation assets in the UK, 🏠 One student housing property in Australia, with expansion plans in the pipeline. 💹 CAREIT offers a projected yield of 7.5% for 2026 and up to 8.1% for 2027, underpinned by high occupancy rates and prudent financial management. The strong IPO performance demonstrates investor confidence in essential accommodation assets, which remain in demand regardless of market conditions. Kenny Loh is a distinguished Wealth Advisory Director with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring. In addition to his advisory role, Kenny is an esteemed SGX Academy trainer specializing in S-REIT investing and regularly shares his insights on MoneyFM 89.3. He holds the titles of Certified Estate & Legacy Planning Consultant and CERTIFIED FINANCIAL PLANNER (CFP). With over a decade of experience in holistic estate planning, Kenny employs a unique “3-in-1 Will, LPA, and Standby Trust” solution to address clients’ social considerations, legal obligations, emotional needs, and family harmony. He holds double master’s degrees in Business Administration and Electrical Engineering, and is an Associate Estate Planning Practitioner (AEPP), a designation jointly awarded by The Society of Will Writers & Estate Planning Practitioners (SWWEPP) of the United Kingdom and Estate Planning Practitioner Limited (EPPL), the accreditation body for Asia. You can join his Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement 👉Follow Kenny Loh
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