# CapitaLand Ascott Trust to acquire Coliwoo Midtown for $134 mil - **Source:** EdgeProp Singapore - **Published:** 2026-08-06T03:20:55.000Z - **Author:** Deepa Chevi - **Original:** https://www.edgeprop.sg/property-news/capitaland-ascott-trust-acquire-coliwoo-midtown-134-mil - **Topics:** Private Residential, Transactions & Deals, Investment & Capital Markets ## Featured rationale The property’s close-to-90% July occupancy signals strong flexible-accommodation demand and could encourage further institutional investment and co-living supply in Singapore’s living sector. ## AI summary CapitaLand Ascott Trust will acquire the 212-room Coliwoo Midtown for $134 million in 4Q2026 and lease it to Coliwoo for 10 years. ## Original article CapitaLand Ascott Trust (CLAS) is acquiring Coliwoo Midtown, a newly refurbished co-living property at 141 Middle Road, for $134 million. The transaction is expected to be completed in 4Q2026, CLAS announced on August 6. Following the acquisition, CLAS will enter into a 10-year triple-net master lease with Coliwoo, under which the operator will bear most property-related expenses while paying CLAS fixed rent with annual increases. The six-storey property comprises 212 rooms across eight unit types, including two- to five-bedroom apartments. It reopened in March following a major refurbishment. Read also: CapitaLand Ascott Trust sharpens portfolio, delivers DPS of 2.53 cents for 1H2026 Coliwoo Midtown achieved an average occupancy rate of close to 90% in July, about four months after reopening. Once operations stabilise, the average length of stay is expected to range from six to nine months. Located in the Bugis-Bras Basah precinct, the property is within a five- to 10-minute walk of four MRT stations. Its facilities include a gym, co-working lounge, two cafes, an ice bath and sauna facilities. The property caters to corporate professionals, expatriates, international students and local residents. Serena Teo, CEO of CLAS Management and CapitaLand Ascott Business Trust Management, says the acquisition will expand the trust’s living-sector portfolio. Following the transaction, living assets will account for 19.5% of CLAS’s total portfolio value, bringing the trust closer to its medium-term target allocation of 25% to 30%. Singapore’s contribution to CLAS’s portfolio value will also rise to 17%, from 15.4% currently. The trust will own five properties in Singapore: Ascott Orchard Singapore, lyf one-north Singapore, lyf Funan Singapore, Coliwoo Midtown and Somerset Clarke Quay Singapore. Somerset Clarke Quay is undergoing redevelopment and is expected to begin contributing income from early 2027. Read also: CapitaLand Ascott Trust to sell luxury Robertson Quay hotel for $360 mil or about $1.1 mil per key According to CLAS, the acquisition will allow the trust to tap demand for flexible accommodation from foreign professionals and students. It estimates that existing co-living properties account for about 6% of Singapore’s public and private rental housing stock, with market-wide occupancy rates ranging from 85% to 95%. Coliwoo Midtown has a remaining leasehold tenure of about 51 years. CLAS says there is potential to top up the lease to a fresh 99-year tenure, which could enhance the property’s long-term value. Beyond Singapore, CLAS is carrying out asset enhancement works at Citadines Place d’Italie Paris in France, The Cavendish London in the UK and Sotetsu Grand Fresa Osaka-Namba in Japan. For Coliwoo, the transaction is part of its sale-and-leaseback strategy, under which the operator sells completed properties to institutional investors while continuing to manage them. Kelvin Lim, executive chairman and CEO of Coliwoo, says the model allows the company to recycle capital into new acquisitions while retaining operational control of its properties. The deal was handled by Knight Frank Singapore. “This transaction reflects the continued depth of investor interest in Singapore's living sector, particularly for well-located, institutional-quality assets,” says Melvin Chay, senior director, capital markets, Knight Frank Singapore. Read also: CapitaLand Ascott Trust acquires three rental housing properties in Japan for JPY4.6 bil ## Chinese translation > Translation model: openai_codex_cli ### CapitaLand Ascott Trust将以新币1.34亿元收购Coliwoo Midtown 此次收购扩大了CLAS对新加坡增长中的居住领域的敞口，同时提供长期租金收入。 CapitaLand Ascott Trust（CLAS）将以新币1.34亿元收购Coliwoo Midtown，这是一处位于Middle Road 141号、刚翻新的共居物业。 CLAS于8月6日宣布，该交易预计将在2026年第4季度完成。收购完成后，CLAS将与Coliwoo签订一份为期10年的三重净租赁总租约，运营商将承担大部分与物业相关的开支，同时向CLAS支付带有年度递增的固定租金。 这栋六层物业共有212间客房，涵盖八种单位类型，包括二至五卧室公寓。该物业在完成重大翻新后，于3月重新开业。 另读：CapitaLand Ascott Trust优化投资组合，2026年上半年每单位派息2.53分 Coliwoo Midtown在7月实现接近90%的平均入住率，距重新开业约四个月。一旦运营趋于稳定，平均入住期预计将介于六至九个月。 该物业位于Bugis-Bras Basah区，步行五至10分钟内可抵达四个地铁站。其设施包括健身房、共创办公休息室、两家咖啡馆、冰浴和桑拿设施。 该物业面向企业专业人士、外籍人士、国际学生和本地居民。 CLAS Management和CapitaLand Ascott Business Trust Management首席执行官Serena Teo表示，此次收购将扩大该信托的居住领域投资组合。 交易完成后，居住资产将占CLAS总投资组合价值的19.5%，使该信托更接近其25%至30%的中期目标配置。 新加坡对CLAS投资组合价值的贡献也将从目前的15.4%升至17%。 该信托将在新加坡拥有五处物业：Ascott Orchard Singapore、lyf one-north Singapore、lyf Funan Singapore、Coliwoo Midtown和Somerset Clarke Quay Singapore。Somerset Clarke Quay正在进行重建，预计将从2027年初开始贡献收入。 另读：CapitaLand Ascott Trust将以新币3.6亿元或每间客房约新币110万元出售Robertson Quay豪华酒店 据CLAS称，此次收购将使该信托能够把握外籍专业人士和学生对灵活住宿的需求。该信托估计，现有共居物业约占新加坡公共和私人租赁住房存量的6%，全市场入住率介于85%至95%。 Coliwoo Midtown剩余租赁年限约为51年。CLAS表示，该物业有潜力补足租约至全新的99年租期，这可能提升物业的长期价值。 在新加坡以外，CLAS正在法国Citadines Place d’Italie Paris、英国The Cavendish London和日本Sotetsu Grand Fresa Osaka-Namba开展资产提升工程。 对Coliwoo而言，该交易是其售后回租策略的一部分；根据该策略，运营商将已完工物业出售给机构投资者，同时继续管理这些物业。Coliwoo执行主席兼首席执行官Kelvin Lim表示，该模式使公司能够将资本循环投入新的收购，同时保留对物业的运营控制权。 该交易由Knight Frank Singapore负责处理。Knight Frank Singapore资本市场高级董事Melvin Chay表示：“这项交易反映出投资者对新加坡居住领域持续且深厚的兴趣，尤其是对地段优越、机构级品质资产的兴趣。” 另读：CapitaLand Ascott Trust以46亿日元收购日本三处租赁住房物业