Coliwoo Prepares Ipo New Co Living Projects Eyes Untapped Markets
Coliwoo, a Singapore-based co-living operator, recently announced the opening of its newest project located at the former Bukit Timah Fire Station. This restored heritage landmark now offers 62 serviced apartments, 10 commercial units, and community event spaces. The property, which is set to open in October, has already booked 60% of its residential units, which include en suite studios, two-bedroom and three-bedroom apartments, with monthly rents starting from $3,500.F&B brands such as ST Ali and Haute Cakes Studio will be among the retail mix, along with activity-based operators like Xplorers.Life, which plans to offer workshops and creative activities for kids, and Sundowner at Fire Station, which will host farm-to-table experiences. Additionally, Aquaducks will provide early-childhood water safety and swimming classes, while Collar BT Club will offer pet-related services such as grooming, daycare, and pet-boarding.Located at 260 Upper Bukit Timah Road, the former Bukit Timah Fire Station was built in 1956 and decommissioned in 2005. After being gazetted for conservation in 2019, the site was tendered for lease in 2023, with a new five-year lease and an option to renew for another four years being secured by LHN Facilities Management, a unit of LHN Group, in April 2024. The company has invested $7.5 million to refurbish the property, increasing the original 45 rooms across seven blocks to 62 serviced apartments.LHN Group plans to continue its growth with the opening of three more properties in the next 12 months. These include the first co-living and chalet development at 159 Jalan Loyang Besar in Pasir Ris, which is expected to open next year. Another property, located at 141 Middle Road, is set to open in 1Q2026, followed by the former Wilmer Place at 50 Armenian Street in 1H2027. Together, these developments will add close to 800-1,000 rooms to Coliwoo’s portfolio annually and bring the total to 10,000 rooms by 2030.Parent company LHN Group plans to spin off Coliwoo through an IPO on the Singapore Exchange, with plans to remain asset-light by leasing approximately 70% of its rooms and divesting smaller properties. With a strong demand for co-living and a clear strategy for growth, Coliwoo is poised to continue its success in the co-living sector in Singapore and potentially beyond.
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