News
January 2010
Auskor Australasia Predicts Change In The Student Accommodation Market In 2010
The student accommodation market has changes considerably over the last twelve months due to the global financial crisis and increasing pressure on education providers in Australia and across Asia to take a more proactive approach to providing more safe, quality and affordable student accommodation options to students. Prior to the GFC there were an abundance of financiers and commercial property developers eager to provide educational institutions with " arms length " student housing solutions.
Development partners are no longer in plentiful supply yet the demand for student accommodation continues to grow at a rapid rate across the region. As a result, more education providers, driven by increasing demand for student housing and the pressure of increased accountability, are considering student accommodation as core business, allocating capital funds to develop student housing projects with the intention to manage the facilities to protect against reputational risk, have greater control of the residential environments provided to students and generate additional income through the successful operation of the student accommodation business.
Mr Denison, Director said " Auskor Australasia is perfectly positioned to provided education providers with practical insight into operating and developing student accommodation and experienced teams of consultants to assist educational clients to recruit, train and establish in house management teams. Auskor Australasia provides an excellent alternative to the out sourced student accommodation project development and management model."
Meanwhile, Auskor Australasia expect to be in a position to announce the company's involvement in two student accommodation projects over the coming months, one in Australia and the other in Asia.
For more information about Auskor Australasia's specialist student accommodation management and project development consultancy services
December 2009
Hong Kong Continues Push To Develop Education Services
The Hong Kong Education Bureau submitted a paper for the consideration of the Legislative Council of Hong Kong on 14 December 2009, outlining a proposed action plan for the further development of education services required to enhance Hong Kong's status as a regional education hub .
The paper states that the Hong Kong Education Bureau will achieve its objective by " stepping up efforts to further internationalise and diversify the sector for the benefit of local students and Hong Kong as a whole".
The Hong Kong Education Bureau said " internationalisation brings tremendous benefits to Hong Kong by attracting quality non-local students to study in Hong Kong and stay and stay and work here upon graduation, we will enlarge our talent pool and improve the quality of our population., and in turn support various sectors of the economy and thereby increasing the competiveness of our economy. Admitting non - local students is also beneficial to our local students by creating a multi-lingual and multi - cultural environment and bringing in new ideas and perspectives. Through this process, it will also further internationalise our higher education sector and broaden the horizons of our local students so they are better prepared for increasing globalised and competitive environment" .
In terns of student accommodation the Education Bureau said, " We appreciate that provision of hostels or suitable accommodation is conducive to the admission of non-local students. We will continue our existing by encouraging institutions to identify suitable sites within campus for hostel development or redevelop existing campus buildings / facilities into hostels so as to maximise the development and utilization of their own campus sites, and identifying more land outside existing campuses for construction of joint hostels.
We have also encouraged tertiary institutions to explore all possible options, both interim and long term, to meet the increasing demand for student hostels. Indeed, we understand that some institutions have adopted innovative means to tackle this matter. For example, some institutions are renting spaces from organisations which run accommodation facilities, while others are providing subsidies and assistance to students to rent from the private rental market. In the view of the limited land supply for the construction of hostels, particularly for institutions in urban areas, and the time required to build hostels, such measures will go a long way to resolving this issue.
For more information about Auskor Australasia's specialist student accommodation project development consultancy services
November 2009
Management Development Institute Of Singapore To Develop An Integrated Student Hostel
MDIS will be investing up to S$100 million of its own cash reserves in its Stirling Road UniCampus; S$80 million will be used to build the integrated 15-storey hostel and teaching facilities and the remaining S$20 million will be used for the development of its new 6-storey administrative wing.
We plan to develop the hostel within the premises and this project is part of our overall development plan to create a self-contained integrated campus for our international students. The new hostel will have 782 rooms and up to 14 suites, a 495-seat lecture theatre and an 11-stall cafeteria with a seating capacity of up to 600. The integrated hostel will be ready by 2010.
The MDIS website says " Accommodation is an important consideration while you are living away from home. International students should make the accommodation arrangement before they leave the homeland. There is a wide variety of accommodation options in Singapore and the type of accommodation you choose will depend on your personal budget. International students can approach MDIS for assistance on the accommodation arrangement. "
For more information about Auskor Australasia's specialist student accommodation project development consultancy services
October 2009
Another World Class Education Campus In Asia
EduCity at Nusajaya, Malaysia is positioned to be a regional education hub and a destination for quality world class education within a 6 - hour flight radius of major Asian cities.
The 600 acres education enclave is envisioned as " A community of Best Practices In Academia" and is adopting the best -of-breed approach in bringing world class education to Malaysia. It is aligned with the Ninth Malaysia Plan objective to promote Malaysia as a centre of educational excellence. It is conceptualized to be an academic hub comprising the whole ecology of education; encompassing pre-school, primary, lower secondary school, upper secondary, pre-university and tertiary education with a view towards bringing world-class education to Malaysia.
EduCity will be a fully integrated knowledge-based hub comprising world class universities, knowledge-based industry leaders, industry centric R & D clusters, Academia-industry action centre, international schools & colleges, living and recreational facilities and conference and exhibition amenities of world standing.
For more information about Auskor Australasia's specialist student accommodation project development consultancy services
September 2009
nterest in The Development of Student Accommodation Projects Returns To Market
Interest in the development of large scale purpose built student accommodation projects has returned to the market after many months of consolidation generated by the global financial crisis.
The month of October saw Auskor Australasia became actively engaged in discussion in regards to potential involvement through the provision of student accommodation project development consultancy services on three large scale, purpose built student accommodation projects across in three different states of Australia.
Mr Denison, Director, Auskor Australasia said " there has been a sudden and definite increase in genuine enquiry this month which reflects a return of commitment to student accommodation projects from all sectors of the market, driven by international student enrolment numbers being maintained in 2009 despite the GFC and the recent media attention focused on the international student experience of which accommodation plans an important role."
For more information about Auskor Australasia's specialist student accommodation project development consultancy services or to arrange a meeting with a consultant in Asia
August 2009
Auskor Australasia Awarded Student Accommodation Consultancy Project In Vietnam
Auskor Australasia have been engaged by RMIT University to provide specialist student accommodation consultancy services in the development of purpose built student accommodation at its South Saigon campus in Vietnam.
Auskor Australasia have been selected to provide expert advice on the operational aspects of the facility including how to manage. The building will provide 240 beds in a mix of accessible, single and twin rooms and three and five bedroom apartments.
Mr Denison, Director, Auskor Australasia said " we are delighted to have been selected by RMIT to assist with this exciting project and look forward to making a significant contribution. The opportunity to continue our work in the Asian regional fits nicely with our strategic plan."
Work on the project will begin at the end of the month and will require a small team of senior consultants to be in Asia from 25 August 2009.
For more information about Auskor Australasia's specialist student accommodation project development consultancy services or to arrange a meeting with a consultant in Asia
July 2009
Vietnam To Build More Student Accommodation
The Hanoi's People's Committee announced last month plans to zone off a six hectare site in two urban centres to build houses for students as dormitories in the city have become overcrowded. The decision aims to realise the Vietnamese governments policy, which encourages the building of rented accommodation for students. The projects are scheduled to begin in the third quarter of this year.
According to the Ministry of Construction, Vietnam now has 400 universities and colleges, and 300 technical secondary schools, with 3 million students. However, just 20 percent of these students live in dormitories and the remainder have to lease their own accommodation.
As part of Auskor Australasia's strategic goal to establish representation in the Asian region we are looking to identify a suitably qualified partner in Vietnam to explore opportunities associated with this development plan and identify others in the region.
For more information or to express interest
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Address: Auskor Australasia Pty Ltd; P.O. Box 3379, Rundle Mall, South Australia, 5000, Australia;
Office: + 61 (08) 8337 1660; Mobile: + 61 (0) 421 319 711
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Email: info@auskor.net ; ACN: 132 946 608; Skype: auskor.australasia
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