logo
Coliwoo to convert state-owned property in Pasir Ris into 350-key resort chalet

Coliwoo to convert state-owned property in Pasir Ris into 350-key resort chalet

Straits Times5 days ago

An artist's impression of the proposed resort chalet is in the vicinity of Pasir Ris Beach, Downtown East and Wild Wild Wet. PHOTO: COLIWOO
SINGAPORE - A Coliwoo unit was awarded the lease of a state-owned property in Pasir Ris, which the co-living brand will transform into a 350-key resort chalet.
Coliwoo Keppel was among five bidders for the 159 Jalan Loyang Besar site in a tender launched by the Singapore Land Authority (SLA). The bids in the price quality method tender ranged from $98,000 to $225,900, with Coliwoo placing the second highest bid of $225,000.
'We are excited to be awarded the tender at 159 Jalan Loyang Besar, marking Coliwoo's strategic expansion into eastern Singapore and our first foray into resort-style co-living hospitality,' said Kelvin Lim, executive chairman of LHN Limited and founder of Coliwoo.
Together with another Coliwoo property – in the former Bukit Timah Fire Station – to be launched soon, this development underscores the group's commitment to revitalising state-owned properties and injecting vibrancy into its surrounding neighbourhoods.
'We believe this project will set a new benchmark for co-living in Singapore, meeting the evolving needs of today's modern guests and travellers who seek flexible, community-driven living spaces that also offer a touch of escapism,' said Mr Lim.
The property sits on a land parcel spanning 380,866 square feet. Currently, there are 20 two-storey buildings, four single-storey structures and several vehicle lots on-site.
It is in the vicinity of Pasir Ris Beach, Downtown East and Wild Wild Wet.
'Guests can look forward to a wide range of wellness-centric facilities including swimming pools, indoor and outdoor sports zones, and meditation gardens,' Coliwoo said.
The property will be Coliwoo's third largest, after Coliwoo Boon Lay and its flagship Coliwoo Orchard.
Renovations will begin in the second half of 2025, with the chalet expected to be operational by the third quarter of 2026. THE BUSINESS TIMES
Join ST's Telegram channel and get the latest breaking news delivered to you.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why is Hong Kong's bamboo scaffolding, scaled by heroes in movies, being phased out?
Why is Hong Kong's bamboo scaffolding, scaled by heroes in movies, being phased out?

Straits Times

time2 hours ago

  • Straits Times

Why is Hong Kong's bamboo scaffolding, scaled by heroes in movies, being phased out?

Bamboo scaffolding is a familiar sight throughout Hong Kong, having evolved into a cultural symbol of the city. ST PHOTOS: MAGDALENE FUNG – I'm walking out for lunch in my Wan Chai neighbourhood one sweaty May afternoon when I notice that the residential building next to my favourite dessert shop has suddenly become encased in bamboo scaffolding and mesh netting. That architectural marvel must have been erected just days ago, as I hadn't noticed it previously. Join ST's Telegram channel and get the latest breaking news delivered to you.

Singapore couple lost $300K after they were duped into investing into a property project by a dishonest contractor
Singapore couple lost $300K after they were duped into investing into a property project by a dishonest contractor

Straits Times

time2 hours ago

  • Straits Times

Singapore couple lost $300K after they were duped into investing into a property project by a dishonest contractor

It is always better to invest with a reputable company that offers modest returns than to be swayed by an unknown party that promises the sky. PHOTO ILLUSTRATION: UNSPLASH A couple lured into investing in a private business on expectations of lucrative returns learnt an expensive lesson when they ended up losing over $300,000. Any private business investment carries an inherent risk: If you can't easily cash out, you will likely not get your money back if the enterprise reneges on the deal. Join ST's Telegram channel and get the latest breaking news delivered to you.

Me and My Money: Logistics firm CEO moved by tangible assets like gold and antiques
Me and My Money: Logistics firm CEO moved by tangible assets like gold and antiques

Straits Times

time3 hours ago

  • Straits Times

Me and My Money: Logistics firm CEO moved by tangible assets like gold and antiques

SINGAPORE – Mr Lawrence Kim has a healthy respect for goods. In business, his logistics firm helps move things around, while in wealth-building, his portfolio is heavy on tangible assets like gold, antiques and works of art. He bought gold bars in his younger days and recently sold them for what he described as a handsome profit, after their value appreciated several times over. Join ST's Telegram channel and get the latest breaking news delivered to you.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store