Coliwoo has reported a robust occupancy rate of 93.7% across its 3,568-room portfolio for the third quarter of FY2026. The company, which operates 28 properties in Singapore, has also announced the commencement of operations at its first resort-style co-living property, Coliwoo Resort Changi, located at 159 Jalan Loyang Besar. In a strategic move, Coliwoo has proposed a sale and leaseback of its 212-room Coliwoo Midtown development to CapitaLand Ascott Trust for S$134m.
The Executive Chairman and CEO of Coliwoo, Kelvin Lim, highlighted the resilience of the company’s co-living model and the sustained demand for flexible living solutions in Singapore. He stated, “Our performance in the third quarter of FY2026 reflects the resilience of our co-living model and the sustained demand for flexible living solutions in Singapore.”
The proposed sale and leaseback of Coliwoo Midtown, subject to shareholder approval and conditions outlined in the Put and Call Option Agreement, is part of Coliwoo’s capital recycling and growth strategy. This initiative aims to enhance capital efficiency and operational flexibility, ultimately supporting long-term value creation for shareholders.
As Coliwoo moves into the final quarter of 2026, the company remains focused on driving operational performance and optimising portfolio returns. The launch of Coliwoo Resort Changi and the proposed transaction with CapitaLand Ascott Trust mark significant milestones in Coliwoo’s ongoing efforts to strengthen its market position and deliver value to its stakeholders.
