Coliwoo posts 93.7% occupancy in 3QFY2026 as portfolio holds at 28 properties with 3,568 rooms
High occupancy alongside continued expansion signals resilient co-living demand and may support further room supply, including asset-light growth and new hospitality formats.
Coliwoo recorded 93.7% average occupancy across 3,568 rooms in 3QFY2026 and remains on track to reach about 4,000 Singapore rooms by end-2026.
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Coliwoo Holdings reported an average portfolio occupancy rate of 93.7% for its third quarter ended June 30, 2026 (3QFY2026), with its Singapore portfolio unchanged at 3,568 rooms across 28 properties.
As at June 30, the co-living operator had 12 owned, 11 leased and five managed properties, unchanged from March 31. Its room inventory comprised 1,907 leased rooms, 1,136 owned rooms and 525 managed rooms. The total includes 1,021 rooms under renovation.
Occupancy at its leased properties averaged 95% during the quarter, while its managed portfolio recorded 99.6%. The owned portfolio had a lower occupancy rate of 80.8%, partly reflecting the ramp-up of the 212-room Coliwoo Midtown at 141 Middle Road, which opened in March.
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By July, average occupancy at Coliwoo Midtown had risen to nearly 90%. Excluding the property, Coliwoo's overall portfolio occupancy would have been 96% in 3QFY2026.
In early August, Coliwoo agreed to sell Coliwoo Midtown to CapitaLand Ascott Trust for $134 million and lease the property back for 10 years. The transaction, which is subject to shareholders’ approval and other conditions, is expected to be completed in 4Q2026.
The group also commenced operations at the 380-room Coliwoo Resort Changi at 159 Jalan Loyang Besar in July, after the quarter ended. It is Coliwoo's first resort-style co-living property.
Coliwoo is also expanding the room count at Coliwoo Hotel Changi Expo at 2 Changi Business Park Avenue 1 from 251 to 368 rooms, ahead of its expected opening in 1QFY2027.
Other projects in the pipeline include the mixed-use co-living conversion at 1 King George's Avenue and the repositioning of 50 Armenian Street as a boutique hospitality property.
Coliwoo said it remains on track to reach about 4,000 rooms in Singapore by the end of 2026 and is targeting 10,000 rooms by 2030.
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The group is also exploring opportunities in high-growth gateway cities outside Singapore, focusing on asset-light structures such as master leases, management contracts and joint ventures.
“These initiatives are expected to enhance capital efficiency, strengthen operational flexibility and support the creation of long-term value for shareholders,” says Kelvin Lim, executive chairman and CEO of Coliwoo.