LHN Limited has announced a significant 29.4% increase in revenue for the first half of 2025, reaching $51.5m (S$70.6m), compared to $39.8m (S$54.5m) in the same period last year. The company’s net profit also saw an 8.8% rise, totalling $10.3m (S$14.1m), driven by its Space Optimisation and Property Development businesses, including contributions from its co-living subsidiary, Coliwoo.
The company attributes its robust financial performance to high occupancy rates across its properties and strategic expansions. A notable development is the launch of Coliwoo Hotel Kampong Glam, a co-living hotel located at 48 Arab Street, which aims to meet the growing rental demand in Singapore. This new venture offers a unique blend of cultural immersion and modern conveniences, appealing to solo travellers, digital nomads, and young professionals.
Kelvin Lim, Executive Chairman of LHN Limited and Founder of Coliwoo, highlighted the strategic importance of the new hotel, stating, “The launch of Coliwoo Hotel Kampong Glam represents a strategic milestone for Coliwoo, enhancing our presence within one of Singapore’s most vibrant and culturally significant districts.”
The hotel features 24 rooms designed with a nod to the area’s rich heritage, offering guests a blend of comfort and cultural experience. Additionally, the hotel provides smart technology solutions, including a self-check-in system and a mobile app for managing bookings and community events.
Looking ahead, LHN Limited plans to continue its expansion with the upcoming opening of another property at 453 Balestier Road in mid-June 2025, further cementing its position in Singapore’s co-living and hospitality sector.
“`
