ABIEL Property Investment Fund has announced the development of House 223, a collection of 15 self-contained micro-residences in Geylang, Singapore. Scheduled to open in September 2026, the project aims to fill a gap in the housing market for professionals on short-term assignments, offering stays between three to 24 months.
House 223 will be located at 223, 225, and 227 Geylang Road, transforming three adjoining conservation shophouses into a five-level residential complex. Each unit will include a kitchenette, bathroom, laundry facilities, workspace, and sleeping area, with rents ranging from S$2,300 to S$2,700 per month. This initiative aligns with National Development Minister Chee Hong Tat’s emphasis on addressing complex housing challenges beyond mere unit availability.
The development is part of ABIEL’s strategy to extend its shophouse and industrial redevelopment efforts into residential spaces. The firm aims to cater to the growing number of foreign professionals in Singapore, providing an alternative to traditional hotel stays or long-term residential leases. “House 223 is designed for the length of stay these people actually have, so it serves them without taking housing off the market,” said Maureen Li, CEO and Founder of ABIEL.
The project also reflects Geylang’s ongoing transformation from a red-light district to a vibrant residential area. ABIEL’s investment in the area underscores its potential as a desirable location for innovative housing solutions. As Singapore continues to attract global talent, House 223 offers a unique blend of privacy, community, and convenience for its residents.
