co-living

Co-living startup Commontown eyes growth in Singapore, Indonesia and Malaysia

Co-living startup Commontown aims to double the number of beds it has in Singapore to 80 from 40 by the end of the year, and expand to Indonesia and Malaysia in the first half of 2020. The Singapore-headquartered South Korean firm will open new spaces in the Republic over the next three months, including in Geylang, Novena, Red Hill, River Valley and Tiong Bahru. The company opened its first...

Singapore co-living platform Cove raises over US$2m in seed round, eyes regional growth

Cove, a newcomer in Singapore’s co-living sector, has secured more than US$2 million in seed funding to expand in South-east Asia and build-out its technology. The round was led by investment firms from Asia and Europe – Indonesia’s Venturra; Singapore’s Investigate and Yuj Ventures, which is backed by The Xander Group; and Germany’s Picus Capital. The lead investors were joined by Singapore...

Co-living company Hmlet partners BS Shenton to lease Lumiere condominium units

Co-living company Hmlet has partnered accommodation provider BS Shenton to lease the top 10 floors of luxury condominium Lumiere, in a bid to expand its unit offering in the central business district. This partnership adds 60 beds from Lumiere to Hmlet’s portfolio, bringing its total beds to 1,000 by early June 2019. Yoan Kamalski, CEO and co-founder of Hmlet, said that the company has seen a...

Co-living company Hmlet expanding into Sydney, Australia

Co-living company Hmlet is entering the Australian market. In March, Hmlet will make its debut in Sydney, with the launch of two co-living properties in the inner-city suburbs of Newtown and Marrickville. Plans are underway to expand to Melbourne and Brisbane. Hmlet @ Newtown, which is among the first purpose-built co-living properties in Australia, will accommodate 20 members and will feature a...

Ascott Reit buys land for $62.4 mil to build co-living property

Ascott Residence Trust (Ascott Reit) has purchased a prime site in Singapore’s research and innovation business hub, one-north, for $62.4 million. The 60-year leasehold land, acquired from JTC Corporation, will be used to build a development for co-living, under Ascott’s co-living brand lyf. It will offer an estimated 324 units across two residential blocks and is slated to open by 2021. This...

Young tech professionals co-living in Singapore: What’s the draw?

“You live in your office? Why?” This is the typical response 26 year-old Lim Weiyuan gets when he tells people where his home is. Mr Lim, who is a co-founder at four year-old startup Reactor, has been living and working out of a condominium unit in East Coast with two colleagues for the last six months. A fourth member, Alex Foo, is due to move in permanently in June, while a fifth member, Puah Jing...

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