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This month, the contemporary accommodation brand introduces its first Hong Kong island spot – with affordable rates and flexible lease terms – so there’s less pressure on making an actual commitment during these uncertain times.
All in all, what Weave Suites offers is the ease of living in a smartly designed and stylish space. The all-inclusive rates give peace of mind to those that have a budget to keep within, and the flexibility of lease terms, from one, three, six months or more, making this a highly desirable accommodation for those in-between rentals, staying for a month or two, or simply don’t want to commit to two-year leases.
Hong Kong-based Weave Living, a lifestyle-focused rental accommodation provider, is making its debut in Singapore with a planned investment of $500 million. It has found a partner in Singapore-based fund management firm 32RE.
Weave Living, a co-living rental accommodation provider backed by Warburg Pincus, is entering the Singapore market with a planned investment of S$500 million ($359 million) in a joint venture with property investment manager 32RE to acquire rental accommodation assets in the city-state.
A major player, Warburg Pincus-backed Weave which has two premises in Hong Kong and two more opening this year, said it’s sticking by its expansion target to have 3,000 beds in the next five to seven years, up from 700 now, and it’s looking at assets including boutique and budget hotels.
Weave’s goal is to create a living environment that extends beyond the bedroom into a series of common areas. As with the co-working spaces that have become popular with start-ups, freelancers and young entrepreneurs, the idea is to give residents an upscale lifestyle at relatively modest prices by sharing amenities such as a kitchen, screening room, lounge, gym and rooftop terrace
With locations in Prince Edward and Hung Hom, Weave Living offers value-for-money urban accommodation and a lively community for young professionals and millennials
Weave Living opens this new co-living community in the heart of Hung Hom, featuring a combination of private and shared spaces including a two-room types and a gym, reading corner, games centre and a fully equipped kitchen, with some areas enjoying majestic views of Victoria Harbour.
A Hong Kong-headquartered co-living firm that owns and operates over $300 million of assets in its home city is expanding its operations internationally with a S$150 million ($108.1 million) equity investment in Singapore.