>

International

>

Ucommune merges with Woo Space

Angela Teo

/ EdgeProp

March 14, 2018 7:42 PM SGT

propertyeditor@edgeprop.sg

Light

Dark

Chinese co-working operators Ucommune and Woo Space announced their merger on March 13. This involves Ucommune buying the latter, which has 23 locations in China occupying a total area of 1.08 million sq m, and more than 700 member enterprises.

This will bring Ucommune’s valuation to US$1.7 billion ($2.23 billion), and increase its count of individual members to an estimated 200,000.

Founded in 2015, Woo Space’s investors include US-China venture capital firm Matrixpartners China. Besides integrating the membership systems of both operators, the post-merger strategy will also focus on platform upgrading, according to Ucommune.

Wan Liushuo, founder and CEO of Woo Space and Mao Daqing, founder and CEO of Ucommune (Credit: Ucommune)

Property updates, 24/7.

Subscribe to Newsletter

Market insights, delivered weekly.

Tags

Search

Our Site

Download EdgeProp App

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.