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🇸🇬 JustCo lists on SGX, eyes 100 locations
JustCo Holdings just IPO’d on the Singapore Exchange (SGX), raising S$100 million at S$0.94 per Expand 👇 share, with most of the cash going toward opening new coworking centers across APAC.
From their IPO paperwork, the firm already runs 54 locations across 12 cities and is targeting 100+ by 2029, with a focus on expanding into Japan, Hong Kong, India, Malaysia, and the Philippines. Revenue hit US$144.2 million in FY2025, up 12.5% year over year, and the company carries zero external bank debt.
JustCo Holdings just IPO’d on the Singapore Exchange (SGX), raising S$100 million at S$0.94 per Expand 👇 share, with most of the cash going toward opening new coworking centers across APAC.
From their IPO paperwork, the firm already runs 54 locations across 12 cities and is targeting 100+ by 2029, with a focus on expanding into Japan, Hong Kong, India, Malaysia, and the Philippines. Revenue hit US$144.2 million in FY2025, up 12.5% year over year, and the company carries zero external bank debt.
🇸🇬 JustCo files for listing on SGX listing
JustCo, the company started by Kong Wan Sing back in 2011 with just one office in a 3,132 sq ft Expand 👇 space, has filed its preliminary prospectus for listing on the Mainboard of the Singapore Exchange.
Current snapshot: the firm operators 54 locations across 12 cities, offering 37,500 desks over 1.89M sqft. FY2025 profit was US$2.7M, up from a loss of US$10.1M in 2024. Revenue in 2025 was up 12.5% to $144.2M.
JustCo, the company started by Kong Wan Sing back in 2011 with just one office in a 3,132 sq ft Expand 👇 space, has filed its preliminary prospectus for listing on the Mainboard of the Singapore Exchange.
Current snapshot: the firm operators 54 locations across 12 cities, offering 37,500 desks over 1.89M sqft. FY2025 profit was US$2.7M, up from a loss of US$10.1M in 2024. Revenue in 2025 was up 12.5% to $144.2M.
🇸🇬 Singapore sees 5% growth in demand
Regional data from The Instant Group shows a 5% growth in flex workspace demand in Singapore, coming Expand 👇 in 9th of the top 10 APAC cities for flex adoption growth.
Notably, the city-state was followed by Tapei with 3% annual growth and Manila led the chart with a 51% surge in demand in 2025.
Regional data from The Instant Group shows a 5% growth in flex workspace demand in Singapore, coming Expand 👇 in 9th of the top 10 APAC cities for flex adoption growth.
Notably, the city-state was followed by Tapei with 3% annual growth and Manila led the chart with a 51% surge in demand in 2025.
🛍️ Is “mall-working” the new new thing in flex workspace?
Matt Cave, a Singapore based entrepreneur returning to venture work after leaving corporate Expand 👇 employment recently shared a hot take on "mallworking" – using shopping malls as workspace alternatives to traditional coworking spaces. The approach offers free parking for up to three hours, no lease costs or contracts, free high-speed wifi, and access to retail, food, banking and gym facilities within the same location.
One of his favorite benefits of mallworking is how the space provides a "dynamic environment" with "vibrant energy" compared to sterile corporate locations, while offering increased real-world visibility for founders. There’s something here as we’ve seen mall operators, retailers, banks, coffee shops and others launch or partner with coworking spaces within their spaces.
Matt Cave, a Singapore based entrepreneur returning to venture work after leaving corporate Expand 👇 employment recently shared a hot take on "mallworking" – using shopping malls as workspace alternatives to traditional coworking spaces. The approach offers free parking for up to three hours, no lease costs or contracts, free high-speed wifi, and access to retail, food, banking and gym facilities within the same location.
One of his favorite benefits of mallworking is how the space provides a "dynamic environment" with "vibrant energy" compared to sterile corporate locations, while offering increased real-world visibility for founders. There’s something here as we’ve seen mall operators, retailers, banks, coffee shops and others launch or partner with coworking spaces within their spaces.
🎉 Singapore workspace aggregator celebrates 7 years
workbuddy just celebrated their 7th anniversary. Congrats to Gaurav Joshi, the team and their Expand 👇 customers and partners!
workbuddy just celebrated their 7th anniversary. Congrats to Gaurav Joshi, the team and their Expand 👇 customers and partners!
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