# Coliwoo sells two River Valley properties for $45.5 mil in three-year leaseback deal

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-01T07:44:36.000Z
- **Author:** Cecilia Chow
- **Original:** https://www.edgeprop.sg/property-news/coliwoo-sells-two-river-valley-properties-qing-feng-455-mil-three-year-leaseback-deal
- **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals

## Featured rationale

The sale-and-leaseback signals investor interest in established living-sector assets and may help Coliwoo reduce debt while funding higher-yielding projects without disrupting operations.

## AI summary

Coliwoo agreed to sell two freehold River Valley properties to Qing Feng Construction for $45.5 million and lease them back for three years.

## Original article

Singapore-listed co-living operator Coliwoo Holdings has agreed to sell two freehold properties in River Valley to Qing Feng Construction for a total of $45.5 million, while continuing to operate them under a three-year leaseback arrangement, the company said in an Oct 1 SGX announcement.

The properties are located at 298 and 288 River Valley Road, respectively. Qing Feng will acquire the companies holding the two properties for $14 million and $31.5 million, respectively.

Qing Feng Construction is a Singapore construction company whose projects span the residential, commercial and industrial sectors. The company has operated in Singapore for more than two decades and undertakes general building, design-and-build and civil engineering works.

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Upon completion of the transaction, a Coliwoo subsidiary will lease both properties from the new owner for three years, allowing the group to continue operating them under the Coliwoo brand without disruption.

The transaction follows Coliwoo's move in March to put seven freehold hospitality and living properties on the market for a combined $218.5 million as part of its capital recycling strategy.

The portfolio included three properties at 268, 288 and 298 River Valley Road, which together comprise 73 keys and were marketed at a combined guide price of $78.5 million.

Coliwoo said the latest disposal will similarly allow it to unlock value from the two properties, recycle capital into higher-yielding growth opportunities and strengthen its balance sheet through debt reduction.

After repaying borrowings secured on the properties, transaction-related expenses, and other completion adjustments, Coliwoo expects to receive net proceeds of about $18.7 million. The proceeds will be used for general corporate and working capital purposes, including funding existing and future projects and reducing debt

As the $45.5 million consideration represents 21.7% of Coliwoo's market capitalisation under SGX listing rules, the disposal is considered a major transaction and requires shareholder approval at an extraordinary general meeting.

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Sophia Lim, director of capital markets at Cushman & Wakefield, brokered the sale. "The sale of these River Valley serviced apartments reflects the continued strength of investor interest in Singapore's living sector, particularly for well-located and operationally established accommodation assets," she says.

Check out the latest listings for Coliwoo River Valley 288 properties

## Chinese translation

> Translation model: grok_cli

### Coliwoo以新元4,550万元出售里峇峇利两处房产，并达成三年回租交易

Coliwoo的轻资产策略正随着里峇峇利一笔新元4,550万元的售后回租交易而成形。

新加坡上市共居运营商Coliwoo Holdings已同意以总计新元4,550万元，将里峇峇利（River Valley）两处永久地契房产出售给Qing Feng Construction，并按三年回租安排继续运营这两处房产。该公司在10月1日的新加坡交易所（SGX）公告中作上述表示。

这两处房产分别位于里峇峇利路（River Valley Road）298号及288号。Qing Feng将分别以新元1,400万元及新元3,150万元，收购持有这两处房产的公司。

Qing Feng Construction是一家新加坡建筑公司，其项目涵盖住宅、商业及工业领域。该公司在新加坡经营超过二十年，承接一般建筑工程、设计与施工以及土木工程。

另请阅读：莫哈末苏丹路（Mohamed Sultan Rd）商业及服务式公寓楼标价新元3,800万元

交易完成后，Coliwoo的一家子公司将向新业主承租这两处房产，租期三年，使集团能够继续以Coliwoo品牌运营，且业务不受中断。

此次交易之前，Coliwoo已于3月将七处永久地契款待及居住类房产挂牌出售，合计要价新元2.185亿元，作为其资本循环策略的一部分。

该组合包括里峇峇利路268号、288号及298号的三处房产，合计73个钥匙（keys），合并指导价为新元7,850万元。

Coliwoo表示，最新出售同样将使其从这两处房产释放价值，把资本循环投入回报更高的增长机会，并通过减债强化资产负债表。

在偿还以这些房产作抵押的借款、交易相关费用及其他交割调整后，Coliwoo预计将获得约新元1,870万元的所得净额。所得款项将用于一般企业及营运资金用途，包括为现有和未来项目提供资金以及减少债务。

由于新元4,550万元的对价按新加坡交易所上市规则占Coliwoo市值的21.7%，此次出售被视为重大交易，须在特别股东大会上获得股东批准。

另请阅读：Lyf Chinatown Singapore将社交式居住与市中心历史风貌相结合——入住可期待什么

高纬环球（Cushman & Wakefield）资本市场董事Sophia Lim促成了此次出售。她表示：“这些里峇峇利服务式公寓的出售，反映出投资者对新加坡居住领域的兴趣持续强劲，尤其是对地段优良、运营已经成熟的住宿资产。”

查看Coliwoo River Valley 288房产的最新房源