Coliwoo to sell, lease back River Valley Road co-living properties for S$45.8 million

Bitget2026/10/01 11:36

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Coliwoo entered put and call options to sell two River Valley Road co-living properties via subsidiary share sales for SGD 45.8 million.
Buyer Qing Feng Construction will acquire Coliwoo RV1 and Coliwoo RV2, subject to net asset completion adjustments.
Group expects net cash proceeds of about SGD 18.7 million once debt repayment, expenses, and completion adjustments are settled.
Properties will be leased back for three years; Coliwoo will keep operating all 50 rooms under its brand.
Completion is targeted in the financial year ending Sept. 30, 2027, subject to shareholder and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coliwoo Holdings Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 6YKDVALK4T41JZ2D) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Coliwoo to sell, lease back River Valley Road co-living properties for S$45.8 million

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