The portfolio consists of commercial units, serviced apartments, a hotel and student hostels

 

[SINGAPORE] Coliwoo on Thursday (Mar 5) launched a portfolio of seven freehold living-sector assets for S$218.5 million. 

 

Located across three city-fringe precincts &ndash River Valley, Balestier and Rangoon Road &ndash the portfolio consists of commercial units, serviced apartments, a hotel and student hostels. 

 

The company is offering the option to purchase the assets individually, or acquire the entire portfolio. 

 

Buyers can opt for either vacant possession of the assets, or a sale-and-leaseback arrangement at a 3.5 per cent gross yield with the company. 

 

The expression of interest exercise closes on Apr 13 at 3 pm. 

 

The commercial units and serviced apartments sit at 268, 288 and 298 River Valley Road. Their site areas stand at about 8,548 sq ft, 11,701 sq ft and 6,149 sq ft, respectively. 

 

The guide prices for these properties stand at S$25 million, S$35 million and S$18.5 million, correspondingly. 

 

The River Valley Road assets are near Robertson Quay and the Central Business District, and aim to attract expatriates and long-stay professionals.

 

A mix of a student hostel, hotel, and commercial units and serviced apartments comprise the Balestier cluster, with a gross floor area of 18,309 square feet, 11,609 sq ft and 20,089 sq ft, respectively. They are located next to HealthCity Novena. 

 

Coliwoo&rsquo s public offer of 5.3 million shares 20.7 times subscribed

 

The hostel at 320 Balestier Road has a guide price of S$39 million, and the hotel at 471/473 Balestier Road&rsquo s price is S$35 million. The commercial units and serviced apartments at 453 Balestier Road have a guide price of S$46 million. 

 

The property at 99 Rangoon Road is a student hostel with a guide price of S$20 million, and is around 9,760 sq ft. 

 

It is within walking distance of Farrer Park MRT Station and near educational institutions such as Singapore Management University and Lasalle College of the Arts &ndash thereby &ldquo well-positioned&rdquo to capture stable student accommodation demand, indicated the statement. 

 

The seven properties are also fully operational and generate immediate cash flow for investors. Cushman & Wakefield is the exclusive marketing agent for this portfolio. 

 

Sophia Lim, director at Cushman & Wakefield, said the portfolio has consistently &ldquo high occupancy rates&rdquo , supported by resilient demand from expatriates, healthcare professionals and international students. 

 

&ldquo As co-living and alternate accommodation continue to attract institutional capital, a portfolio of this scale provides immediate stability, and the potential for rental optimisation and value enhancement over time,&rdquo she added. 

 

The co-living operator posted a net profit of S$5.7 million for the second half ended Sep 30, a 75.1 per cent decline from S$22.9 million in the year-ago period.

 

Its revenue stood at S$23.7 million, 26.8 per cent lower than the S$32.3 million in H2 FY2024. 

 

These results come after it listed on the Singapore Exchange in November last year. It had 5.3 million public offer shares, which were around 20.7 times subscribed.

The board has proposed a special dividend of S$0.02 for FY2025

 

[SINGAPORE] Property player LHN group posted a net profit of S$5.9 million for the half-year ended Sep 30, 2025, down 82.7 per cent from S$34.3 million in the year-ago period, on the back of fair value losses on its investment properties.

 

Revenue for the same period fell 8.4 per cent to S$60.9 million, compared to the period a year ago, the mainboard-listed group said in a bourse filing on Friday (Nov 28). 

 

Earnings per share stood at S$0.014 for the second half, down from S$0.0826 in the year-ago period.

 

The board of directors proposed a final dividend of S$0.01 for FY2025, and a special dividend of S$0.02. This will be in addition to the interim dividend of S$0.01 per share declared in the first half of FY2025. 

 

For the special dividend, the board recommended that shareholders be given the option to receive the special dividend wholly or partly in the form of new shares in lieu of cash.

 

The sum of the proposed final and special dividends, together with the interim dividend, takes the total dividends for FY2025 to S$0.04. This is higher than the S$0.03 in total dividends from a year ago.

 

The proposed final dividend will be paid out on Mar 6, 2026, and the special dividend will be paid out on Apr 10, 2026, if approved by shareholders.

 

For the full year ended Sep 30, 2025, LHN Group&rsquo s net profit fell 57.6 per cent to S$20.1 million. The group attributed the drop to a net fair value loss of around S$18 million on its investment properties for FY2025, compared to a net fair value gain of S$10.5 million the previous financial year.

 

As a result, the group&rsquo s profit before taxation fell 48.9 per cent to S$26.3 million in FY2025, compared to a year ago.

 

Revenue for the full year rose 8.6 per cent to S$131.5 million, underpinned by contributions from its property development and facility management segments.

 

By segment, the group recorded its first revenue contribution from its property development business, amounting to S$14.1 million in FY2025. This was generated from the sale of seven strata-titled units located within its nine-storey food factory situated at 55 Tuas South Avenue 1. 

 

Revenue for its facilities management business rose 5.9 per cent to S$37.6 million over the same period. 

 

Revenue for its energy segment rose 29.9 per cent to S$2.1 million for FY2025, compared to a year ago.   This growth was primarily driven by an increase in revenue from the solar energy business, said the group.

 

However, revenue for the full year was dragged down by its corporate segment, which fell 57.2 per cent to S$420,000 for the period under review.

 

The group&rsquo s revenue for its space optimisation business fell 8.6 per cent to S$77.2 million for the full year ended Sep 30, 2025. 

 

Kelvin Lim, the executive chairman of LHN, said that the group&rsquo s financial performance for the year underscored the resilience of its core business and success of its strategic initiatives. 

 

&ldquo Looking ahead, our focus is clear. We have a defined pipeline to expand our Coliwoo portfolio to nearly 4,000 rooms by 2026, capturing the strong demand in the residential market. 

 

&ldquo With our property development, facilities management and energy businesses poised for further growth, we are confident in our ability to continue delivering sustainable, long-term value to our shareholders,&rdquo said Lim.