Student Accommodation

Singapore’s Wee Hur Holdings continues its aggressive expansion into the booming student accommodation market with a $700 million plan to develop 3250 beds across Melbourne, Adelaide and Brisbane. 

Developers of the latest student accommodation in Brisbane expect to have the 753 rooms filled by the end of the year, with some renting for $549 a week.

A proposed apartment tower in Melbourne is being reimagined as student accommodation as developers see better opportunities elsewhere. 

Local and international lenders are backing the growth of the student accommodation facilities around Australia as they look to keep pace with rising demand, despite concerns about oversupply in some areas.

Real estate fund manager Elanor Investors Group is putting Bell City, a landmark hotel, student accommodation and office complex in Melbourne’s northern suburbs, on the block with expectations of more than $180 million. This article originally appeared on theaustralian.com.au/property.

Singapore-listed developer Wee Hur has created a specific trust to fund and build 5000 student accommodation beds in Australia’s major cities, using its existing Brisbane and Adelaide sites as the first tranche. This article originally appeared on theaustralian.com.au/property.

Melbourne’s eastern suburbs are set to get a $1 billion residential, retail and office development, with private developers Schiavello and The Saraceno Group teaming up for a new project near Monash University.

Specialist accommodation group Scape Student Living has refined its plans for a tower opposite Melbourne’s RMIT University and flagged that it will introduce its City Living ownership model at the site. This article originally appeared on theaustralian.com.au/property.

The WA government has called in two major developers, Brisbane-based joint venture Cedar Pacific and Hong Kong’s Far East Consortium, to deliver the student accommodation and retail space at Perth City Link. This article originally appeared on theaustralian.com.au/property.