Centurion wins JTC tender for Singapore worker dormitory site at S$221.7 million

• Centurion won a JTC tender for a 30-year state lease at Lok Yang Way for SGD 221.7 million.
• Site planned for a 5,000-bed purpose-built foreign worker dormitory, lifting Singapore bed capacity about 12% from 41,898.
• Completion targeted for 2Q 2028, with operational readiness expected in 3Q 2028.
• Funding to come from external financing and internal resources; Centurion plans a 90%-owned joint venture, subject to JTC consent.
• Transaction not expected to materially affect FY 2026 net tangible assets per share or earnings per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centurion Corporation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 4L274FPA17Z6XS4V) on August 30, 2026, and is solely responsible for the information contained therein.