Weave Living, a leading provider of urban rental accommodation in the Asia Pacific, has announced the acquisition of a new property at 12 Shan Road, Singapore, in partnership with BlackRock and Lian Beng Group. This acquisition, valued at over $100m, marks Weave Living’s fourth property in Singapore and is set to transform into Weave Suites – Novena by 2026.
The new Weave Suites – Novena will feature 99 units, offering a range of layouts from open-plan to two-bedroom flats. The property will include modern amenities such as a lap pool, a communal courtyard, and a sheltered play area for children. It will also provide services like housekeeping and on-site maintenance, catering to families, corporate travellers, and long-term residents.
Sachin Doshi, Founder and Group CEO of Weave Living, highlighted the strategic importance of the location, stating, “The strategic location of Weave Suites – Novena opens up a unique opportunity to cater to Singapore’s growing strength as a regional corporate, medical, and wellness hub.”
This development is Weave Living’s second collaboration with BlackRock, reinforcing their commitment to Singapore as a key growth market. Andrew Lee, Head of Investments, Singapore Real Estate at BlackRock, expressed confidence in the project, noting, “We remain highly confident in Singapore’s living and lodging sector and have been actively investing in the last 18 months.”
With this latest acquisition, Weave Living’s portfolio in Singapore will expand to approximately 500 units, valued at over $500m, further solidifying its presence in the city-state.
“`
