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Singapore: Singapore’s coliving sector has seen room inventory grow by 17 per cent between 2023 and 2025, according to new research from JLL.
Since 2022, the sector has recorded $1.4 billion (US$1.1 billion) in transaction volumes. The dominant strategy is acquiring hotels, offices and hostels for conversion to coliving. Occupancy rates have normalised from pandemic highs to between 85 and 95 per cent market-wide.
The top five operators — Coliwoo, Cove, lyf, HABYT, and The Assembly Place — have a market share of 65.3 per cent of the total stock between them, due to operating leverage from shared services such as housekeeping and maintenance.
Highlights:
• Singapore’s coliving sector has seen room inventory grow by 17 per cent between 2023 and 2025, according to new research from JLL
• Since 2022, the sector has recorded $1.4 billion (US$1.1 billion) in transaction volumes
• The top five operators — Coliwoo, Cove, lyf, HABYT, and The Assembly Place — have a market share of 65.3 per cent of the total stock between them
