Coliwoo Holdings Limited (W8W) has agreed to sell its 212-room Coliwoo Midtown co-living property at 141 Middle Road to DBS Trustee Limited, trustee of CLAS Uptown Trust, for 134 million Singapore dollars.

Upon completion, Coliwoo will lease the six-storey mixed-use asset back for 10 years and continue operating it under the “Coliwoo Midtown” brand, moving the rooms from its Owned to its Leased segment while retaining full operational control.

The transaction, classified as a major transaction under Singapore Exchange rules, is subject to shareholder approval at an upcoming extraordinary general meeting.

Coliwoo expects to record an estimated gross disposal gain of about 9.2 million Singapore dollars. Net proceeds, after expenses and debt repayment, will be used for working capital and future growth in line with the group’s asset-light, capital-recycling strategy.

Coliwoo Midtown began operations in Mar, 2026 and has achieved an average occupancy rate close to 90% as of Jul, 2026.