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LHN expands co-living portfolio with healthcare lodging win, bolstered by high occupancy

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Megan Cheah

Megan Cheah

Published Fri, Mar 29, 2024 · 05:00 AM
    • Coliwoo Hotel Pasir Panjang, by LHN. Lim & Tan Securities analyst Chan En Jie considers the two upcoming healthcare lodging facilities at 100 Ulu Pandan Road and 60 Boundary Close as a positive entry into a new revenue stream for LHN..
    • Coliwoo Hotel Pasir Panjang, by LHN. Lim & Tan Securities analyst Chan En Jie considers the two upcoming healthcare lodging facilities at 100 Ulu Pandan Road and 60 Boundary Close as a positive entry into a new revenue stream for LHN.. PHOTO: COLIWOO

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MAINBOARD-LISTED LHN ’s co-living business segment Coliwoo will continue to grow, backed by an increase in keys and resilient rental rates, analysts have said.

    In particular, the company could get a boost from the award of two contracts to operate hostel-type facilities for foreign healthcare workers, which will house at least 700 such professionals. 

    This could further catalyse the company’s stock, which generated total returns of nearly 27 per cent in the past year.

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