C0-living player LHN expects to post record proflt for FY2024

Some providers of co-living spaces in Singapore are raking it in as demand picks up among individuals looking for alternative housing options.

- Ven Sreenivasan

Mainboard-listed LHN Group, which runs Coliwoo Co-Living, expects to post record earnings for its financial year ending Sept 30, 2024, thanks to increased profit from its core co-living business.

Co-living is a modern housing concept where individuals share living spaces and common amenities such as kitchens, lounges and other facilities with others, often as part of a community.

It provides an alternative residential option for younger professionals seeking affordable and flexible living arrangements as well as a more communal and connected lifestyle.

LHN is the largest listed co-living player in Singapore, with over 2,500 rooms spread across the Republic.