Centurion Accommodation REIT sees 16.6× subscription surge in IPO

The public offer was 30.9 times subscribed.

Centurion Accommodation REIT (CAREIT) has successfully completed its IPO, offering 262.2 million units at $0.88 each, ahead of its listing on the Singapore Exchange (SGX) Main Board.

The IPO included an international placement of 248.96 million units and a public offer of 13.2 million units.

The public offer was 30.9 times subscribed, whilst the placement tranche was 16 times subscribed. UBS AG, Singapore Branch, as stabilising manager, over-allotted 51.1 million units to meet demand. Total subscriptions reached approximately $3.82b.

CAREIT secured 16 cornerstone investors, including DBS Bank, FIL Investment Management (Hong Kong), abrdn Asia, and UBS AG, who collectively took 614 million units, or 35.7% of total units post-IPO.

CAREIT is projected to deliver distribution yields of 7.47% in FY2026 and 8.11% in FY2027. Trading of CAREIT units will begin at 2:00 p.m. on 25 September 2025. Allotment details will be published in The Business Times and on SGXNET.

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia