HS Optimus (SGX:504) has submitted a planning permit application to Melbourne City Council for its 3,745-square-meter property at 23-31 Lincoln Square South, Carlton, which is being planned to be developed into purpose-built student accommodation, according to a Thursday filing on the Singapore Exchange.
The site, near the University of Melbourne and RMIT, is well-connected by public transport, the company said.
HS Optimus expects strong demand for student housing in the area due to Melbourne's high livability and prominent educational institutions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.