Coliwoo posts 96.5% occupancy and sets 800-room annual growth target in 1QFY2026 business update
Summary:
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Coliwoo reports a 96.5% portfolio occupancy as at 31 January 2026 across 3,200 rooms at 27 locations, cementing its position as Singapore’s largest co-living operator with an estimated 20.6% market share of roughly 10,000 operational co-living rooms.
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The group is pursuing an asset-light growth strategy via master leases and management contracts, targeting the acquisition of at least 800 new rooms per year over the next three years.
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Capital recycling continues with the completed sale-and-leaseback of Coliwoo Hotel Pasir Panjang on 12 January 2026, allowing Coliwoo to unlock value while retaining operating control and keys under management.
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Growth is underpinned by a S$101 million put-and-call option to acquire a >250-room hotel at 2 Changi Business Park Avenue 1 by 31 March 2026, expanding exposure to corporate and airport-related demand.
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A visible pipeline includes four Singapore projects at 141 Middle Road, 159 Jalan Loyang Besar, 1 King George’s Avenue and 50 Armenian Street, adding a planned 865 rooms with most expected to be operational by FY2026, while the group targets a dividend payout of at least 40% of FY2025–FY2026 earnings (excluding one-offs and fair value movements).