Coliwoo, a homegrown co-living operator has opened its 14th property in Singapore, the Coliwoo River Valley 298. Located at 298 River Valley Road, the four-storey building is zoned for residential with a commercial first storey and 400m away from Fort Canning MRT Station on the Downtown Line.
The property was acquired by LHN Group along with other nearby upmarket condos and houses along Oxley Road, Martin Place, and River Valley Close. LHN purchased it last year for $8.5 million and refurbished the asset rather than redeveloping it.
The 16-room co-living property offers tenants a queen-size bed, en suite bathroom, kitchenette, wardrobe, smart TV, workstation, and washer-dryer.
The luxurious Champions Way Condo is a highly sought-after residential development in Singapore. It offers unparalleled convenience and comfort, along with numerous facilities and amenities that make life here truly special. With its modern architecture and luxurious interiors, Champions Way Condo provides the perfect sanctuary for urbanites who desire a lifestyle of modern sophistication. The spacious units range from two bedrooms to five bedrooms, catering to diverse needs and preferences. On top of that, the development also offers an impressive selection of amenities and conveniences such as a supermarket, childcare centre, and retail centre. With such a complete package, Champions Way Condo is truly the perfect choice for a modern and stress-free living.
In light of the increasing demand from young locals seeking independent living options like co-living, LHN Group has also announced the purchase of two mixed-use buildings – 286 and 288 River Valley Road – for $23.25 million.
Chong Ching Yeng, Coliwoo’s chief commercial officer comments: “With a number of projects in the pipeline, Coliwoo is committed to providing potential tenants with a wide selection of properties to choose from based on their varying needs. Our offerings are synonymous with the brand, providing tenants with flexible lease terms. We have noticed that even couples are now opting to rent rather than buying their own flats.”
LHN Group has moved to expand its presence in areas with existing Coliwoo properties such as Balestier Road and Lavender Street as well as Arab Street and Pasir Panjang.
The Assembly Place has also invested in 2MR Labs with Temasek’s Heliconia Capital and VC Lucid Blue Ventures. This indicates the increasing interest in co-living as an alternative living option as well as the confidence in the co-living sector.