---
title: "Centurion Accommodation REIT Secures Provisional Approval to Expand Westlite Ubi"
description: "Centurion Accommodation REIT has received provisional approval to expand its Westlite Ubi accommodation asset by adding a new 6-storey block and modifying the existing 8-storey block, increasing bed c"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275473855.md"
published_at: "2026-02-10T14:14:08.000Z"
---

# Centurion Accommodation REIT Secures Provisional Approval to Expand Westlite Ubi

> Centurion Accommodation REIT has received provisional approval to expand its Westlite Ubi accommodation asset by adding a new 6-storey block and modifying the existing 8-storey block, increasing bed capacity from 1,650 to 2,190. The project, costing approximately S$13.9 million, will be funded through debt facilities and is expected to start in Q2 2026, lasting about 1.5 years. The expansion is not anticipated to significantly impact the REIT’s net asset value or distribution for the financial year ending December 2026. The current analyst rating for the stock is a Buy with a target price of S$1.30.

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An update from Centurion Accommodation REIT ( (SG:8C8U) ) is now available.

Centurion Accommodation REIT has obtained provisional permission to expand its Westlite Ubi accommodation asset, adding a new 6-storey block and altering the existing 8-storey block. This development will increase bed capacity at the Ubi property by 540 beds, from 1,650 to 2,190, with the land premium of about S$13.9 million to be funded through committed debt facilities.

The works are expected to commence by the second quarter of 2026 and take roughly 1.5 years, while the current 8-storey block remains operational and income-generating throughout the construction period. The manager does not expect the project to have a material impact on the REIT’s net asset value per unit or distribution per unit for the financial year ending 31 December 2026, suggesting a measured capacity expansion with limited near-term financial dilution for unitholders.

The most recent analyst rating on (SG:8C8U) stock is a Buy with a S$1.30 price target. To see the full list of analyst forecasts on Centurion Accommodation REIT stock, see the SG:8C8U Stock Forecast page.

**More about Centurion Accommodation REIT**

Centurion Accommodation REIT is a real estate investment trust focused on accommodation assets, including purpose-built worker dormitories such as Westlite Ubi in Singapore. Managed by Centurion Asset Management Pte. Ltd., the REIT targets income-generating lodging facilities, positioning itself within the specialized accommodation and worker housing segment of the real estate market.

**Average Trading Volume:** 3,481,766

**Technical Sentiment Signal:** Strong Buy

See more data about 8C8U stock on TipRanks’ Stock Analysis page.

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- [8C8U.SG - Cent Accom REIT](https://longbridge.com/en/quote/8C8U.SG.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.