SPONSORED: Wee Hur Capital — Australian PBSA attracting institutional interest

The Australian PBSA market saw a strong recovery in 2022 and is poised for an active 2023, given significant growth projected in the international student population globally and a storage of residential stock to house them, according to a report by Goh Wee Ping, CEO of Wee Hur Capital, “The strong recovery of Australian PBSA

Where to from here?,” which was published in the April issue of Institutional Real Estate Asia Pacific. Higher interest rates, increasingly construction costs and high demand for rental residences have caused Australia’s national residential vacancy rate to contract to 0.8 percent. Wee Ping suggests investors consider entering the market with an opportunistic strategy. “There are risks to development and construction; however, we opine the worst is over, and capital allocators should work with partners with a good track record in delivering PBSA projects to mitigate such risk. The current challenge involves buying land, as th