Coliwoo operator LHN expects to post record profit for FY2024 as co-living demand jumps
Mainboard-listed LHN Group, providers of co-living spaces in Singapore are raking it in as demand picks up among individuals looking for alternative housing options.
LHN making the most of shared spaces
Having built up its co-living business which now anchors earnings, the company aims to recycle capital for its ‘real estate as a service’ model.
Coliwoo Orchard wins people’s vote for best co-living property
At the EdgeProp Singapore Excellence Awards 2024, The People’s Choice Award for the most popular co-living project in Singapore went to Coliwoo Orchard, a 22-storey property at 2 Mount Elizabeth Link managed by mainboard-listed real estate services company LHN Group.
Investors still banking on Singapore co-living as hospitality play
As Singapore’s residential sector continues to evolve, there is a noticeable trend of major players blending traditional hospitality with flexible living arrangements. Coliwoo has been at the forefront of this trend, providing serviced spaces that cater to a diverse range of needs and lengths of stay.
Daily Cuts – Storage solutions for retailers
Tune into CNA938 Work It with Cheryl Goh and Chew Wui Lynn speak to Danny Wong, CEO of Work+Store, to find out how storage spaces are playing a crucial role as retail and e-commerce businesses gear up for the influx of orders.
In space-starved Singapore, LHN Group posits a more sustainable real estate solution than just demolishing and rebuilding
Perspectives shared by Kelvin Lim, the Executive Chairman, Executive Director, and Group Managing Director of LHN Group, on the contributions that space optimisation can make to Singapore’s real estate industry and the economy as a whole.
LHN eyes partnerships to support Coliwoo’s expansion plans
In the five years since the Coliwoo brand entered Singapore’s co-living market, it has grown to be a dominant player. “Over the past five years, revenue from Coliwoo has been increasing and it is now a key contributor to LHN’s overall revenue and profit,” says Kelvin Lim, executive chairman of LHN and founder of Coliwoo.
In Apac’s living sector, Singapore’s co-living gain investor interest: CBRE
Despite a slowdown in global economic growth and elevated interest rates, fundamentals in the living sector have remained robust. It has, in turn, spurred investor interest in multifamily/rental housing and other types of living assets, such as student housing, co-living, serviced apartments and senior living.
Mingtiandi Singapore Forum 2024
At the Mingtiandi Singapore Forum 2024, our Managing Director and Founder of Coliwoo, Mr. Kelvin Lim, along with other residential experts, shed light on demands and operations of co-living sector in the Asia Pacific region.
Stable operations at Coliwoo, Maybank maintains ‘buy’ on LHN
Maybank Securities analysts Li Jialin and Eric Ong are keeping “buy” on LHN Group with a target price of 43 cents following the release of its 3QFY2024 ended June business update.