LHN announced the eligibility to list its subsidiary Coliwoo Holdings on the Mainboard of the Singapore Exchange. LHN will hold no more than 70% of Coliwoo post listing.
- Read this at SGinvestors.io -
There were limited financials in LHN's 3Q25 update, but occupancy remains healthy, around 97% for Coliwoo and industrial space. The pipeline of rooms for Coliwoo remains strong. There are 776 rooms (or 35% growth) under construction, excluding new healthcare worker accommodation contracts.
Key Highlights
Coliwoo franchise is growing.
- Read this at SGinvestors.io -
In the pipeline are healthcare worker accommodation contracts pending an award this year. With more hospitals being built in Singapore, it will ensure that the demand for healthcare worker accommodation remains healthy.
Other opportunities include the conversion of business park spaces into co-living units. Some of the new sites will be available at rents of around S$3,000 per month. Rents are currently stable with high occupancy rates.
Work+Store to resume its expansion.
Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research. Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
