LHN: A disruptor on the residential property scene
Over the past week, the shares of LHN have soared around 20 per cent amid concerted efforts by the company to engage the market. Its founder and executive chairman Kelvin Lim has been explaining LHN’s business model, strategy, value proposition and outlook to analysts and investors.
Creating a sustainable real estate market through space optimisation
LHN intends to drive organic growth through continued in-depth market research and cost-effective renovation. techniques to maximise its leasable units and rental yield. Plus, besides “recycling” buildings, LHN is keen to enhance its solar energy and EV charging solutions profile with its brand LHN Energy.
LHN looking at options to enhance shareholder value
Space-optimisation and serviced-apartment specialist LHN Group is looking at options to enhance shareholder value, including boosting its dividend payouts and putting in place a firm dividend policy.
LHN confident about outlook as it rides co-living boom
LHN first entered the co-living space when it developed a co-living property jointly with Hmlet in Cantonment, which was launched in November 2019. LHN has further expanded since then, acquiring properties all around Singapore, refurbishing them and turning them into its Coliwoo brand of co-living spaces.
Firms turn to lower-cost storage alternatives as office, shop, rentals rise
CNA reports that there is an increasing number of businesses turning to low-cost storage alternatives as office and shop rentals rise. This trend is evident in a 20% surge in enquiries for Work + Store storage facilities over the past few years, according to Mr. Danny Wong, CEO of Work+Store.
How Singapore businesses are tapping into new green opportunities
Beyond designing and installing PV systems for properties, LHN Energy Resources also offers EV charging stations across Singapore. Each is equipped with AC 7.4 kW/22kW chargers, which can be upgraded to a DC system. “Sustainability has become a critical element in both life and business, so we must broaden our offerings for clients and tenants,” says Lim.
Competition in Singapore co-living sector cranking up
A wave of demand originated from Singaporeans turning to co-living as a more affordable solution when residential rents surged in 2021 and 2022. Operators also saw local renters who were waiting for their flats to be completed, and young professionals driven to look for space to work from home.
New cross-border EV charging network has more than 300 points in Malaysia
Those driving into Singapore from Malaysia can also access the chargers here on the same platform. The platform is provided through a partnership between Yinson Green Technologies, a Malaysian company that is the majority shareholder of chargEV, and a subsidiary of LHN, a Singapore real-estate management services group.
LHN Launches Flagship Co-living Complex Along Singapore’s Orchard Road
Coliwoo has launched a 411-unit shared accommodation facility near the city-state’s swanky Orchard Road, as the co-living unit of Singapore-listed LHN Group continues its expansion streak after Singapore residential rents jumped by nearly a third over the past 12 months.
LHN unit Coliwoo buys GSM Building for S$80 million, matching valuation
Coliwoo, an indirect wholly owned subsidiary of Singapore-listed LHN, will acquire GSM Building at Middle Road for S$80 million excluding the goods and services tax (GST). This acquisition will expand its portfolio of residential and commercial properties under its space optimisation business in Singapore.