LHN Limited reports 63.3% y-o-y surge in FY2022’s earnings of $45.8 mil
Real estate management services group LHN Limited has reported earnings of $45.8 million for the FY2022 ended Sept 30, 63.3% higher than the earnings of $28.1 million in the year before.
The earnings surge was mainly attributed to higher profitability in the group’s space optimisation business – commercial properties and residential co-living properties.
Space Optimisation to Mitigate Land Scarcity in Singapore-LHN Group
Expertise in Space Optimisation, LHN Group maximises the efficiency of unused, old and underutilised properties through thoughtful space-saving designs, facilities and value-added services. As such, the Group is able to provide green and just-right space options for tenants while reducing carbon footprints and the wastage of space resources.
Singapore’s Co-living Spaces in High Demand; Rental Prices Heating up
“I think we are able to control the pricing so definitely there will be high demand for people to come in and try the co-living experience,” said Ms Chong Ching Yeng, Coliwoo’s chief commercial officer. “With the affordable pricing rate compared to the open markets, there will really be a high demand for (our space),” she added.
Resort with rooms made out of upcycled public buses to open at Changi Village in April 2023
The resort is the brainchild of travel company WTS Travel, which partnered with LHN Group, a real estate management service provide, and Sky Win Holding, an investments holding group, in this initiative.
LHN Group’s co-living brand Coliwoo to continue breakneck expansion
Mainboard-listed real estate management firm LHN Group has spent about $90.5 million over the past three years to acquire properties in Singapore for its co-living Coliwoo brand.
LHN Group sets Green Mark target and $1 mil investment for EV charging stations
LHN Group has unveiled several sustainability commitments that will be gradually rolled out across its…
LHN Group to launch mixed-use development with communal living experiences
Real estate management services group LHN Limited says it will be launching a mixed-use development at 1557 Keppel Road. The integrated space will comprise three blocks spanning over 96,299.05 sqft. It will be utilised for both commercial and residential purposes.