Lhn Group’s Co Living Business Coliwoo Holdings Lodges Preliminary Prospectus Mas

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village on siteColiwoo Holdings lodges prospectus for proposed listing on SGX MainboardColiwoo Holdings lodges prospectus for proposed listing on SGX Mainboard By investing in Coliwoo, you will be part of a rapidly growing co-living business that is listed on the Mainboard of the Singapore Exchange.Founded in 2018, Coliwoo Holdings is a co-living business operated by LHN Group, a real estate services management group. With a portfolio of 25 properties in Singapore, Coliwoo aims to expand to 4,000 rooms by the end of 2026 through a combination of upcoming developments, master lease agreements, and management contracts.The company recently lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) in preparation for its proposed listing on the Mainboard.Similar to its strategy for growth, Coliwoo plans to use the gross proceeds raised from the listing for expanding its co-living business in both existing and new markets, through leased properties, owned properties, and joint ventures. The funds will also go towards loan repayments and general working purposes, including manpower costs.In the first half of FY2025, Coliwoo maintained an impressive average occupancy rate of over 95% for all its properties. This trend is consistent with its previous financial years, where the company saw a significant increase in revenue due to new properties and higher occupancy and rental rates.For FY2023, revenue increased by 83.6% year-on-year to $28 million from $15.3 million in the same period the previous year. This growth was mainly driven by the addition of new properties to its portfolio and an increase in rental rates. The positive trend continued in FY2024, with a revenue growth of 86% to $52.2 million, due to three new properties that began generating income, a full-year revenue contribution from two properties, a new facility services contract, and higher rental rates.However, to support this expansion, the company also saw a significant increase in cost of sales in FY2024, which rose by 160.9% to $20.8 million. This was due to expenses such as site maintenance, higher rental costs, and employee benefits, as the business continued to expand. Despite this, Coliwoo reported a profit of $31.6 million for the year.For the current financial year, the company has reported a revenue of $23.1 million in the first half, marking a 16.3% year-on-year increase. This was mainly due to the addition of new properties and higher occupancy rates in other properties. Profit for the same period grew by 14.8% to $9.6 million.Coliwoo had a cash and cash equivalent of $28.4 million as at end-August 2025, while it also had an indebtedness of $252.5 million. In the previous financial years, the company was able to generate net cash from its operating activities, with $15.4 million in FY2024 and $10.6 million in the first half of FY2025.Investors looking to join Coliwoo on its journey to success can benefit from the support from cornerstone investors such as Albizia Capital, Avanda Investment Management, B&I Capital, ICHAM Master Fund VCC, Maybank Asset Management, Maybank Securities, UOB Asset Management, Value Partners Hong Kong, and Whitefield Capital Management.