LHN posts 85-100% occupancy rates for 3 co-living sites in Singapore

LHN Limited reported occupancy rates of 85 per cent to 100 per cent for three of its co-living locations in Singapore as at Sep 7, with average rental rates across the Singapore co-living business ranging from S$2,200 to S$3,500.
LHN (Coli)-woos investors with more rooms, divestments as it seeks transfer to big board

LHN executive chairman and group managing director Kelvin Lim is gunning for Coliwoo to have 10,000 rooms by 2030, which he says can be achieved through market consolidation or overseas acquisitions.
LHN expects limited potential for co-working amid WeWork collapse

LHN’s approach is to offer co-working facilities as a part of value-added shared amenities – a strategy it has adopted for space concepts and yielded positive results, as seen at its communal lounge at Coliwoo Orchard.
LHN to acquire River Valley assets for S$23.3 million

LHN has entered into options to purchase a portfolio of units across two properties at River Valley Road for a total consideration of S$23.3 million, with plans to convert them into serviced residences or a hotel under the Coliwoo brand.
Brokers’ take: Maybank expects LHN to gain from co-living boom, initiates ‘buy’

MAYBANK Securities has initiated coverage on real estate management company LHN with a “buy” call and 12-month target price of S$0.54.
Brokers’ take: Lim & Tan expects LHN to benefit from co-living boom; initiates ‘buy’

LIM & Tan Securities has initiated a “buy” call on LHN with a target price of S$0.50. It believes the company will stand to gain the most from the growth in the co-living sector.
LHN to get S$32 million cash infusion if LHN Logistics offer goes through

REAL estate management services provider LHN said the Shanghai-listed company’s offer to buy over its indirect 84.05 per cent stake in LHN Logistics at S$0.2266 per share aligns with the group’s long-term goal of enhancing shareholder value. If the deal goes through, the transaction is expected to generate S$32 million in cash proceeds for LHN.
LHN Logistics says China’s Milkyway Chemical keen to make an offer for it

A chemical supply chain service provider in China, Milkyway Chemical, intends to make a voluntary general offer for all the issued and paid-up ordinary shares in Catalist-listed LHN Logistics : GIH 0% at an offer price of S$0.2266 per share in cash.
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.
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.