Coliwoo secures KSS rent-to-own deal for 380-unit redevelopment
Redevelopment plans at 159 Jalan Loyang Besar will transform the site into a resort-style chalet.
Co-living operator Coliwoo and Khind Systems Singapore Pte Ltd (KSS), the engineering and project division of KHIND Holdings Berhad, have formalised a rent-to-own partnership to outfit a redevelopment at 159 Jalan Loyang Besar.
The deal was formalised on 16 January and will support the redevelopment of the state-owned property into a resort-style chalet featuring approximately 380 units.
Under the partnership, KSS will provide kitchen appliances, refrigeration, laundry equipment, and energy-efficient cooling solutions, including built-in hobs, hoods, washers, bar fridges, ceiling fans, and high-volume low-speed fans.
The rent-to-own agreement gives Coliwoo financial flexibility plus long-term maintenance and lifecycle support, KHIND said in a press release.