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Habyt Launches New Co Living Space Tanjong Pagar

Posted on December 5, 2024

Habyt, a leading provider of co-living spaces, has just announced the launch of its newest accommodation location at 5 Kadayanallur Street in Tanjong Pagar. Known as Kada at Maxwell, this 18-room space is the flagship for Habyt’s Flex concept, a strategic move to expand their product offerings beyond long-term co-living options.

In August, Habyt’s CEO for Asia Pacific, Jonathan Wong, revealed that the company was taking steps to add more short-term living options to their portfolio. This led to the launch of their first Flex properties in Singapore – Habyt Novena with 39 rooms and Habyt Kallang with 27 rooms. Other properties under this concept include Habyt Cantonment and Owen House by Habyt.

When thinking about investing in a Singapore Condo, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income in comparison to the property’s purchase price. In Singapore, condo rental yields can vary significantly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to have a better rental yield. To gain a better understanding of the rental potential of a specific condo, it is important to conduct thorough market research and seek advice from real estate agents.

Kada at Maxwell will offer a diverse range of rooms, including en suite studios and two- to three-bedroom units, all equipped with a fully functional kitchenette. Guests can choose to book these rooms on a nightly, weekly, or monthly basis, giving them the flexibility to stay for a shorter or longer period of time.

With the aim to redefine flexible living in Singapore, Wong states that Kada at Maxwell reflects their commitment to offering unique living experiences and marks the next phase of evolution for Habyt Asia Pacific. Room rates at Kada at Maxwell will start at $180 per night.

This luxuriously flexible living space is located within a beautifully preserved 1920s colonial building designed by the renowned architectural firm Swan & Maclaren. It was one of the earliest modernist buildings in Singapore and was originally built to house the St Andrew’s Mission Hospital for Women and Children.

In September 2023, the Singapore Land Authority (SLA) launched a public tender to lease the property. The tender was evaluated based on the bid price and the quality of the proposed concept, with SLA encouraging bidders to come up with creative lifestyle concepts. Ultimately, the site was awarded to Bethesda Medical, with a monthly rental bid of $103,000. This was the third-highest bid price after Wan Dormitory ($160,000) and The Working Capitol ($108,240).

SLA cited Bethesda’s strong focus on community building and connecting people with businesses as the winning edge for their concept. The first floor of Kada at Maxwell will feature 10 F&B offerings, while the second floor will house a state-of-the-art gym by Limitless, a wellness centre in collaboration with Shiruki Studio, and a co-working space. The third floor will be occupied by Habyt’s Kada at Maxwell.

Residents at Kada will have unlimited and complimentary access to the property’s health and wellness amenities, such as a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

Wong adds, “By combining modern conveniences with the timeless charm of a heritage building, we are offering guests a unique and unparalleled lifestyle experience that goes beyond traditional accommodation.”

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