Co-living startup Commontown wishes to double the amount of beds it’s in Singapore out of 40 to 80 by year’s end and enlarge to Malaysia and Indonesia in the first half 2020, reported The Business Times.
The company is going to put up new areas in the Nation over the next 3 months, such as in Tiong Bahru, Geylang, River Valley, Red Hill and Novena.
Commontown stated it has attained 100 percent occupancy for its initial four co-living spaces over the first four weeks of the launch. Two of the spaces have been in River Valley, although the remainder have been at Paya Lebar and Tiong Bahru.
Its area rates start at S$1,600 a month for a membership fee which includes access to public activities, weekly cleanup of both bedrooms and shared spaces, maintenance, basic bedding and amenities, lease, utilities and Wi-Fi.
Back in April, it opened its first co-living area in Singapore and found a brand new area at Sixth Avenue at Bukit Timah and set up a brand new unit into its Paya Lebar area in September.