Student accommodation prized for defensive play in uncertain economy

Investment in purpose-built student accommodation (PBSA) has been growing; and notwithstanding the challenging market conditions, it is still considered an attractive defensive asset class, according to analysts and industry players.

Global investment into the PBSA sector for the fourth quarter of 2019 topped US$7.6 billion, more than double that of the same period in 2018, according to data from Knight Frank. As at March 2020, the sector had seen some US$7.8 billion worth of investments, with volumes expected to surpass that of previous years.

“The search for relatively low risk investments with good returns is drawing more investors to the sector,” said Knight Frank Asia-Pacific capital markets director Emily Relf …

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