WEAVE LIVING Expands into Singapore with Latest Acquisition

The Hong Kong-headquartered rental accommodation specialist will soon introduce its fully integrated rental accommodation concept to Singapore, following the USD 56 million acquisition of Hotel Clover J. Sultan

HONG KONG – Media OutReach – 14 March 2022 – Asia’s leading owner, developer and operator of lifestyle rental accommodation WEAVE LIVING today announces its expansion to Singapore. Through its successful acquisition of Hotel Clover J. Sultan located at 33 Jalan Sultan for a value of USD 56 million, WEAVE LIVING will introduce its fully integrated rental housing concept to the Lion City. WEAVE LIVING’s debut property in the city is expected to welcome its first residents in the first quarter of 2023, and will see the company’s aggregate assets under management rise to over USD 850 million across its portfolio in Hong Kong and Singapore. This latest acquisition marks a new milestone for the Company and signifies WEAVE LIVING’s expansion plan into more APAC markets, leveraging on its solid foundations in Hong Kong since 2017.