Co-living start-up Commontown plans expansion to Indonesia, Malaysia
Co-living start-up Commontown aims to double the number of beds it has in Singapore to 80 from 40 by the end of the year, and expand to Indonesia and Malaysia in the first half of next year.
The Singapore-headquartered South Korean firm will open new spaces here over the next three months, including in Geylang, Novena, Redhill, River Valley and Tiong Bahru.
The company opened its first Singapore space in April. This month, it launched a new space at Sixth Avenue in Bukit Timah and added a new unit to its Paya Lebar space.
Commontown said it has achieved 100 per cent occupancy for its initial four co-living spaces within the first four months of its launch.
The locations are in Tiong Bahru and Paya Lebar, with two spaces in River Valley.
The start-up was founded in Seoul in January 2017, and moved its headquarters to Singapore last year as a strategic base for its global expansion plans.
Its design of shared spaces uses "social architecture to influence behaviour, placing members naturally at the heart of the community where they reside without intrusion into their personal space", said Commontown.
Its room rates start from $1,600 a month for a membership fee that includes rent, utilities, Wi-Fi, weekly cleaning of both private bedrooms and shared spaces, basic bedding and amenities, and access to community activities. - THE STRAITS TIMES
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