LHN Group maintains over 95% occupancy across key properties in 1QFY2025

It added 45 new keys to a property in Balestier.

LHN Limited reported strong occupancy rates across its industrial, commercial, and Coliwoo co-living properties, exceeding 95% as of 31 December 2024, as per its 1QFY2025 business update. 

The company continues to expand its Coliwoo portfolio, adding 45 new keys at 453 Balestier Road in 1QFY2025. With this addition, LHN Limited now manages 2,915 keys across its Singapore-based Coliwoo co-living projects and 85 SOHO projects overseas, up from 2,895 keys at the end of September 2024. The strong occupancy rates highlight the resilience of the co-living sector amid rising demand for flexible rental options.

LHN Limited’s facilities management arm, Industrial & Commercial Facilities Management Pte. Ltd., secured 29 new contracts and successfully re-tendered for 75 existing contracts.

In the car park sector, LHN Limited manages 100 car parks with over 27,000 lots in Singapore. Its two Hong Kong car parks, with 700 lots, will cease operations by April 2025.

LHN Limited is also growing its property development business, issuing six options-to-purchase for its newly built LHN Food Chain food factory at 55 Tuas South Avenue 1. Additionally, the group has entered a joint venture to redevelop properties at Lorong 22 Geylang into a strata-titled commercial building with an estimated saleable area of over 28,000 sqft.

In green energy, the company maintains an 8.8 MW solar capacity and aims to expand to 13 MW in FY2025.