LHN focuses on Coliwoo growth roadmap; inks new facilities management contracts

EdgeProp Singapore

/ EdgeProp Singapore

March 5, 2026 11:30 AM SGT

propertyeditor@edgeprop.sg

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Coliwoo Midtown, with 212 rooms, is expected to launch in March 2026. (Image: Coliwoo)

Singapore-listed real estate management services group LHN continues to grow its position in the co-living market through new launches and strategic acquisitions, building on a robust performance across its business segments in its first financial quarter ended Dec 31, 2025 (1QFY2026).

The group remains focused on executing its Coliwoo growth roadmap, including the upcoming launches of hospitality-led Coliwoo Midtown and wellness-centric resort chalet 159 Jalan Loyang Besar, alongside disciplined capital recycling to optimise returns for shareholders, LHN executive chairman Kelvin Lim said in a bourse filing.

Coliwoo Midtown, comprising 212 rooms, is expected to launch in March 2026. This would be followed by 159 Loyang Besar, offering 380 rooms, slated to launch in 3QFY2026. Looking further ahead, 50 Armenian Street will be converted into a 120-room upscale boutique hotel, likely to be operational in 2028.

Since the close of 1QFY2026 at the end of 2025, portfolio momentum has continued. The completed joint venture (JV) acquisition of 1 King George’s Avenue is expected to add about 153 rooms.

In addition, on Jan 30, 2026, Coliwoo entered into a put and call option agreement to acquire a hotel strata lot at 2 Changi Business Park Avenue 1, currently comprising more than 250 rooms with ground-floor retail space, for $101 million.

In line with its capital recycling strategy, Coliwoo completed the sale-and-leaseback of the Coliwoo Hotel Pasir Panjang property for $43.9 million in January 2026. The property transitioned from owned to leased within the portfolio.

Meanwhile, Coliwoo on March 5 launched a portfolio of seven freehold hospitality and living assets for sale with a combined price tag of $218.5 million. The divestment will allow the company to redeploy capital into new acquisition opportunities and scale efficiently, said Lim, who is also CEO of Coliwoo, in an interview with EdgeProp Singapore.

Firm occupancy rates; new and renewed contracts

The space optimisation business continues to be the LHN group’s core revenue driver. For the first quarter of FY2026, it reported occupancy rates of 95.6% for its co-living properties under Coliwoo, 95.3% for industrial space, 93.1% for Work+Store space, and 86% for its commercial properties.

As for the facilities management business, the group’s subsidiary in 1QFY2026 secured 14 new contracts and renewed 100 contracts for services including integrated facilities management, cleaning, pest control services, and air-conditioning maintenance.

The division has also begun offering air-conditioning maintenance services to external clients, creating an additional revenue stream.

In the property development business segment, LHN continues to expand its development pipeline to diversify its income streams.

In October 2025, the group’s subsidiary entered into a JV agreement with several partners to subscribe for a 5% interest in Thomson Gem, which successfully tendered for the collective purchase of an industrial property at 680 Upper Thomson Road in Singapore. The JV company plans to redevelop the site.

LHN said this venture allows it to participate in larger-scale developments while distributing development risk and leverage the expertise of its JV partners.

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