For strong performing properties, we are able to further increase rental yield without compromising on occupancy rate with Asset Enhancement Initiatives as well as Flexible Pricing strategies.
By adopting the above strategies, we maintained an average rental uplift of 13% over the past three years in the UK.
We enter strategic partnerships with institutions which provided us with long-term tenancy agreements, and enabled us to achieve more than 85% occupancy from 0% in less than 12 months.
We implement multi value-add asset enhancement programmes to drive rent uplifts, which contributes to a 6% rent increase.
These initiatives also allowed us to maintain high demand for rooms and achieve more than 95% occupancy despite strong competition from new developments.