Commontown seeks growth and expansion in Singapore, Malaysia and Indonesia
The startup will put up new spaces in the country over the next three months, including in Tiong Bahru, Geylang, River Valley, Red Hill and Novena.
Co-living startup Commontown wants to double the number of beds it has in Singapore from 40 to 80 by year’s end and expand to Malaysia and Indonesia in the first half of 2020, reported The Business Times.
The firm will put up new spaces in the country over the next three months, including in Tiong Bahru, Geylang, River Valley, Red Hill and Novena.
Commontown said it has reached 100 percent occupancy for its first four co-living spaces within the first four months of their launch. Two of the spaces are in River Valley, while the rest are in Paya Lebar and Tiong Bahru.
Its room rates begin at S$1,600 per month for a membership fee that includes access to community activities, weekly cleaning of both private bedrooms and shared spaces, maintenance, basic bedding and amenities, rent, Wi-Fi and utilities.
The company was founded in Seoul in January 2017 and later moved its headquarters to Singapore in 2018.
In April, it opened its first co-living space in Singapore and launched a new space at Sixth Avenue in Bukit Timah and installed a new unit to its Paya Lebar space in September.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
