Raffles Education Corp

What Raffles Education Corp does

Raffles Education Limited (SGX: NR7), trading as RafflesEducation, is a Singapore-headquartered, publicly listed private education group founded in 1990 by Mr. Chew Hua Seng. The Group operates a network of 16 educational institutions across 9 countries spanning Asia Pacific and Europe — Cambodia, India, Indonesia, Italy, Malaysia, Saudi Arabia, Singapore, Thailand, and the People's Republic of China — enrolling more than 24,840 students in its own programmes and serving an additional ~12,000 students through facilities leased by its HKEX-listed subsidiary Oriental University City Holdings (H.K.) Ltd. Programmes span Diploma to Postgraduate levels in creative arts and design (animation, digital media, fashion, graphic, interior, jewellery, photography, product, video games, visual communication), business (accountancy, business administration, commerce, entrepreneurship, marketing, supply chain, tourism and hospitality), technology, psychology, education, foundation studies, and English language, with four annual intakes and an inter-college credit transfer system.

The Group's underlying technology is an integrated education services platform delivering vocational and technical curricula through owned-and-operated colleges and partner institutions, supported by the Raffles Education Network (REN) of representative offices across Asia Pacific (China, India, Indonesia, Malaysia, Myanmar, Singapore) that provide prospective-student counselling and recruitment. Revenue is generated primarily through recurring tuition and fees from enrolled students across the Group's 16 institutions, supplemented by facility-leasing income from the Hong Kong-listed subsidiary. The Group employs 1,001–5,000 staff and is led by founder and CEO Chew Hua Seng.

Recent corporate actions in early 2026 — disposal of the 51 Merchant Road (Raffles Education Square) Singapore property for S$121.8 million to a joint venture between Elevate Capital and LaSalle Investment Management, sale of wholly-owned China subsidiary Hefei Yuren Education Management for RMB426.4 million (~S$75.9 million), and the government acquisition of Langfang Hezhong Education Consulting land in Hebei — indicate an active deleveraging programme that is monetising non-core China real estate and Singapore property holdings to repay external borrowings and reduce intra-group liabilities.

Name

Raffles Education Corp

Legal name

Raffles Education Limited

Website

https://raffles.education

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Raffles Education Limited (SGX: NR7) is a Singapore-based, publicly listed private education group operating 16 institutions across 9 countries in Asia Pacific and Europe, offering diploma-to-postgraduate programmes in design, business, technology, and related disciplines to more than 24,840 enrolled students.

Ownership category

akta.pro rank

Product category

Private Higher Education

NAICS

Colleges, Universities, and Professional Schools (61131), Colleges, Universities, and Professional Schools (611310), Educational Support Services (611710)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Undergraduate Business Schools (BBA/BSBA Programs) (EDAHAHAA)

akta.pro secondary industry

Technical Universities with Entrepreneurship & Incubation Focus (EDAHAEAH)

Keywords

• Private higher education
• International education
• Design education
• Business education
• Technology education

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Education Services and Tuition: Revenue is generated through tuition and fees from students enrolled in the Group's various educational programs across its network of 16 institutions in 9 countries. The Hong Kong listed subsidiary Oriental University City Holdings leases education facilities to 12 educational institutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Raffles Education Corp operates as a premier education group running 16 educational institutions across 9 countries, enrolling more than 24,840 students. The group delivers tertiary-level programs in Design, Business, Technology, Psychology, Education, Foundation Studies and English Language, and operates an education-city real-estate subsidiary, Oriental University City Holdings (H.K.) Ltd., that is itself listed on the Hong Kong Stock Exchange.

Product overview

RafflesEducation is a premier private education group providing a full spectrum of education services through a network of 16 educational institutions across 9 countries in Asia Pacific and Europe. The group offers programmes in Design (Animation Design, Digital Media Design, Fashion Design, Graphic Design, Interior Design, Jewellery Design, Photography, Product Design, Video Games Design, Visual Communication Design), Business (Accountancy, Business Administration, Commerce, Entrepreneurship, Marketing, Supply Chain and Logistic Operations, Tourism and Hospitality Management), Technology (Applied Electronics, Cloud Computing and IT Security, Computer Science and Engineering, Electrical Engineering, Information Technology), Psychology, Education (K-12 and Master of Education), Foundation Studies, and English Language. The group operates through its Hong Kong Stock Exchange listed subsidiary Oriental University City Holdings (H.K.) Ltd., which leases education facilities to 12 institutions serving 12,000 students, and maintains a Raffles Education Network (REN) of representative offices across Asia Pacific.

Differentiator

Problem solved

Functional benefit

Brands

• Raffles Education Network (REN): Representative offices providing support and counselling to prospective students across Asia Pacific region
• Raffles Education Square
• Chew Hua Seng Foundation

Products and services

• Design Programs
• Business Programs
• Technology Programs
• Psychology Programs
• Education Programs
• Foundation Studies
• English Language Programs

Quantifiable outcome

• More than 24,840 students enrolled in Raffles Education's programmes
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Ambrosia CommunicationsminorStrategic or Co-development PartnerIndustry collaboration partner providing students with practical industry experience and insights through seminars and workshops.
• J. Walter ThompsonminorStrategic or Co-development PartnerAdvertising agency collaboration for student industry projects and internship opportunities.
• Leo Burnett Pte. Ltd.minorStrategic or Co-development PartnerAdvertising agency partnership for student industry exposure and projects.
• M&C SaatchiminorStrategic or Co-development PartnerAdvertising agency collaboration for industry projects and student opportunities.
• McCann-EricksonminorStrategic or Co-development PartnerIndustry partnership for student industry projects and workshops.
• Ogilvy & Mather AdvertisingminorStrategic or Co-development PartnerAdvertising agency partnership providing industry exposure for students.
• Saatchi & SaatchiminorStrategic or Co-development PartnerAdvertising agency collaboration for student industry projects.
• Singapore Arts MuseumminorStrategic or Co-development PartnerCultural institution partnership for student exposure to arts and design.
• Singapore Tourism BoardminorStrategic or Co-development PartnerGovernment tourism board collaboration for hospitality and tourism students.
• L'OrealminorStrategic or Co-development PartnerBeauty brand partnership providing student industry exposure and workshops.
• Singapore AirlinesminorStrategic or Co-development PartnerAviation and hospitality industry collaboration for student training and internship.
• Oriental University City Holdings (H.K.) Ltd.coreStrategic or Co-development PartnerHong Kong Stock Exchange listed subsidiary that leases education facilities to 12 educational institutions, serving 12,000 students.

Scale indicators5 records

Recent moves10 records

Expansion highlights4 records

Emerging players

• IDP Education: International student placement and education-services firm (IELTS co-owner); adjacent rather than direct, but operates in the same international student-recruitment funnel Raffles relies on.
• Ascensus Education (Careergasm): Singapore-based private education operator across business, technology and design programmes; smaller scale but directly overlapping with Raffles in the Singapore diploma/degree market.

Direct peers

• SEGi University: Malaysian private higher-education group with diploma-to-postgraduate programmes in business, design, IT and allied health, serving a similar Asian student demographic.
• INTI International University: Malaysian private education group (Heducation Group / INTI) operating multiple colleges with business, design, technology and hospitality programmes — directly comparable to Raffles' Malaysian institutions.
• Management Development Institute of Singapore (MDIS): Singapore private education institution offering diploma, undergraduate and postgraduate programmes, including business and design-related majors, serving a similar domestic and regional student base.
• Kaplan Inc. Major Singapore-headquartered private higher-education provider offering diploma-to-degree programmes across Asia-Pacific; directly overlaps Raffles in business, design, technology and professional paths.
• Sunway Education Group: Malaysian education group running Sunway University and college-level institutions across business, design, hospitality and technology — comparable multi-campus private higher-education platform.

Broad incumbents

• Laureate Education: Global network of for-profit universities offering business, design, hospitality and professional programmes; broader incumbent with overlapping disciplines but larger scale and geographic mix.
• Navitas: Global education provider running pathway programmes, colleges and partnerships — overlapping with Raffles in international student recruitment and private higher-education delivery.
• GEMS Education: Large international K–12 and higher-education operator; comparable only at a broad portfolio level since Raffles is centred on higher education and design/business.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raffles Education Corp