Coliwoo has announced a significant 17% increase in revenue for the first half of the financial year 2026, reaching S$26.9m. This growth is attributed to a robust average occupancy rate of 97% across its portfolio of 3,568 rooms in 28 properties. The company’s adjusted profit after tax and minority interests (PATMI) also rose by 14% to S$8.6m, following fair value changes and other adjustments.
The company is advancing its asset-light strategy by launching a S$218.5m portfolio sale of seven freehold living assets. This move aims to unlock liquidity for higher-yielding opportunities, allowing Coliwoo to focus on master leases and management contracts. Executive Chairman and CEO Kelvin Lim stated, “Our stellar 1HFY2026 operational performance validates the resilience of our co-living model.”
Coliwoo’s strategy is part of its broader goal to expand to 10,000 rooms by 2030. The company plans to reinvest proceeds from the asset sale into opportunities in Singapore and key regional markets where renting is prevalent. This approach is designed to keep the company agile and capital-efficient.
In addition to its financial performance, Coliwoo has declared an interim dividend of 1.0 Singapore cent. The company will present further insights into its performance and future direction at the upcoming results briefing on 22 May 2026 at the Ocean Financial Centre in Singapore.
