The way Maybank’s Eric Ong sees it, Singapore’s safe-haven status as a regional business, medical and educational hub makes co-living a preferred option for many young professionals and students given flexible lease terms and unique value propositions.
Maybank Securities and Tickers Financial are both initiating “buy” calls on recently listed co-living operator Coliwoo Holdings with target prices of 74 cents and 70 cents respectively.
Coliwoo is one of the largest co-living players in Singapore, with about 2,933 rooms spread across 25 strategic locations in Singapore, including 714 rooms that are undergoing renovation and are not yet operational.
