Coliwoo eyes 10,000 rooms by 2030 as it gears up for SGX listing
The co-living space’s popularity has significantly contributed to its parent LHN’s net profit of S$14.1 million for the first half of FY2025 and was the primary revenue driver for the group in FY2024
When his housemate at his Housing & Development Board (HDB) rental unit returned to Vietnam in 2021, Simon Nguyen, also Vietnamese, began searching for a new place to live.
The 35-year-old software engineer decided to try Coliwoo, drawn by its all-inclusive rentals and fully fitted rooms.
“I realised if I rent a whole HDB unit, it is a bit expensive and... hard to maintain. So I decided to try Coliwoo out because the concept was new,” said Nguyen, referring to how the rental cost covers utilities, maintenance and Internet in a single payment.
