Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Under the Radar: Conversation with CCO of one of Singapore’s largest co-living accommodation operators; Demand of co-living solutions with residential prices expected to rise 10-15% in 2023; Coliwoo’s aggressive expansion; Launch of largest co-living residence in Orchard; En bloc purchase of GSM building; Shophouse go-living lifestyle hub concept
We’re going to talk all about housing - and in particular about co-living solutions on the segment today.
According to a quarterly survey by the University of Singapore Real Estate, which was released just a couple of weeks ago, industry players expect the co-living market to continue growing with skyrocketing housing costs and growing inflationary pressure.
The results also follow a strong year for the co-living market, with operators seeing high occupancy rates of over 95 per cent throughout 2022. But what does that mean for prices of co-living solutions? How are operators co-living properties tapping the rise in home prices? And what are some of their expansion plans?
Let’s pose this question to Coliwoo, which is one of the largest co-living accommodation operators in Singapore.
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Chong Ching Yeng, Chief Commercial Officer, Coliwoo. They also talked about the company’s aggressive expansion plans, having announced last year plans to launch over 10 properties.
