Serviced Apartment Seeking Loan in Singapore
Singapore-based company that provides co-living spaces seeks funds to expand and add co-living units.
Premium Plan
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 83 thousand |
| EBITDA Margin | 40 % |
| Industries | Serviced Apartments |
| Locations | Singapore |
| Local Time | 2:23 AM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
15.3 thousand
for
24.0%
annual interest,
1
year
(Native Currency: SGD 20,000)
Reason: The interest will be paid in the form of monthly dividends of approx. SGD 400 and the principal amou...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
61 thousand
Documents
Company Logo
(112.8 KB)
Business Overview
- Company provides co-living spaces.
- The co-living business model involves taking on long-term leases from landlords, redesigning the interior apartments stylishly, before marketing them as a brand to tenants.
- In addition to expatriates, some locals are also increasingly opting for co-living to escape being stuck at home with family.
- We conduct most of our business face-to-face with homeowners and tenants.
- Have 15 units each with multiple rooms. Almost all the properties are filled with tenants.
- The owner leverages their network of real estate agents to find suitable homeowners and tenants.
- Due to Covid-19, many businesses are cutting back on operations, or mothballing their growth plans, however, expansion strategies in co-living companies are largely on track.
- The co-living business model involves taking on long-term leases from landlords, redesigning the interior apartments stylishly, before marketing them as a brand to tenants.
- In addition to expatriates, some locals are also increasingly opting for co-living to escape being stuck at home with family.
- We conduct most of our business face-to-face with homeowners and tenants.
- Have 15 units each with multiple rooms. Almost all the properties are filled with tenants.
- The owner leverages their network of real estate agents to find suitable homeowners and tenants.
- Due to Covid-19, many businesses are cutting back on operations, or mothballing their growth plans, however, expansion strategies in co-living companies are largely on track.
Products & Services Overview
We currently have 15 co-living units rented out to tenants. Our properties range from condominiums, bungalows, and shophouses.Co-living is a modern form of communal living in which residents get a private bedroom in a furnished home with shared common areas. Co-living is one of the best and most direct means to achieve optimal density, affordable housing, and an urban community.
Assets Overview
Physical assets include the interiors and furniture in our condominiums, landed bungalows, shophouses, and our office.
Facilities Overview
We have a rented office located at Beach Road.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector & Head Of Region - Medical Affairs, Biotechnology, Singapore, Individual Investor / Buyer connected with the Business
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