WEAVE LIVING Expands into Singapore with Latest Acquisition

• Published date: 14 March 2022
• Publication title: Xinhua Finance Agency

The Hong Kong-headquartered rental accommodation specialist will soon introduce its fully integrated rental accommodation concept to Singapore, following the USD 56 million acquisition of Hotel Clover J. Sultan!--StartFragment-- HONG KONG - Media OutReach - 14 March 2022 - Asia's leading owner, developer and operator of lifestyle rental accommodation WEAVE LIVING today announces its expansion to Singapore.

Through its successful acquisition of Hotel Clover J. Sultan located at 33 Jalan Sultan for a value of USD 56 million, WEAVE LIVING will introduce its fully integrated rental housing concept to the Lion City.

WEAVE LIVING's debut property in the city is expected to welcome its first residents in the first quarter of 2023, and will see the company's aggregate assets under management rise to over USD 850 million across its portfolio in Hong Kong and Singapore. This latest acquisition marks a new milestone for the Company and signifies WEAVE LIVING's expansion plan into more APAC markets, leveraging on its solid foundations in Hong Kong since 2017. style="display: block; width: 100%; margin: 0px; padding: 10px 0px; text-align: center;" " class=" data-display="block" ; font-size: 16px; line-height: 24px; display: block; margin: 0px; width: 100%;" class=" High-res image link: a !--StartFragment-- !--EndFragment-- Located in the heart of the vibrant Kampong Glam neighbourhood, WEAVE LIVING's first Singapore property will boast a gross floor area of approximately 35,000 square feet.

Coupled with WEAVE LIVING's dedication to providing lifestyle-centric, hassle-free living, this upcoming property will provide an exceptional new choice for rental accommodation in the active Singapore market. Targeting global citizens and professionals, the expansion will also create a strong synergy effect and strengthen WEAVE LIVING's offer across Asia's gateway cities.

Sachin Doshi, Founder and Chief Executive Officer of WEAVE LIVING, said: "We are thrilled to have successfully acquired this premium site. We have been following with interest the booming rental accommodation market in Singapore and are optimistic about developments in this key Asian commercial centre over the coming years.

A new generation of Singaporeans are now looking for a place to live independently, especially with the recent growth of working from home and other flexible working arrangements. We are also confident that the city will see an influx of global talent thanks to its status as an international...