Weave Living Accelerates Expansion with Strategic Acquisitions in Hong Kong and Singapore

Weave Living, the Asia-Pacific rental accommodation provider backed by Warburg Pincus, has made significant moves to broaden its property portfolio through a series of high-profile acquisitions in Hong Kong and Singapore. The company aims to reshape urban living with upgraded serviced apartments and flexible rental options directed at professionals, tourists, and long-term tenants alike.

Key Takeaways

• Weave Living acquires major serviced apartment assets in both Singapore and Hong Kong.
• Partnership with global investors, such as BlackRock and Lian Beng, strengthens regional presence.
• Expansion strategy targets both co-living and traditional multi-family residential markets.

Weave Living Increases Singapore Footprint

Following its S$100 million acquisition of a serviced apartment property in Singapore’s Novena district, Weave Living continues to enhance its presence in the city-state. The newly acquired 99-unit tower, soon to be branded as Weave Suites – Novena, is set to undergo a complete upgrade by 2026. The building will feature open-plan layouts, family-friendly amenities, wellness facilities, and professional management services. This deal takes Weave Living’s Singapore portfolio to approximately 500 units across four properties, valued at over S$500 million, building on earlier successful collaborations with BlackRock and Lian Beng.

Expanding in Hong Kong's Prime Locations

In Hong Kong, Weave Living is powering ahead with acquisitions in key districts. The company recently secured Largos Residences in Sheung Wan for around HK$585 million, adding 44 apartments to its growing holdings. In the upscale Mid-Levels area, Weave bought a 24-story building for HK$295 million, its first pure rental apartment property in this segment. Weave has also opened a new property on Robinson Road, strengthening its Mid-levels network and focusing on fully furnished, design-forward apartments for discerning city dwellers.

Strategic Moves Amid Market Opportunities

Weave's rapid expansion comes amid shifting trends in the region’s hospitality and residential markets. Hong Kong, recovering from economic slowdowns and a drop in tourism due to recent years’ events, has seen a wave of hotel and serviced apartment transactions. Weave is reportedly in talks to acquire two additional hotels in Kowloon, which would further boost its Hong Kong portfolio by nearly 800 rooms if these deals close.

Diversified Offerings and Future Growth

With product lines ranging from affordable studios to upscale serviced suites, Weave Living targets a broad demographic—students, professionals, and families. The company’s ongoing investments and strategic partnerships position it as a key operator in the region’s evolving rental and co-living landscape. According to founder and CEO Sachin Doshi, Weave remains committed to redefining urban accommodation across Asia-Pacific, with a solid pipeline for future deals both in Hong Kong and Singapore.

Sources

• Weave Living acquires Novena serviced apartments for £61 million, Serviced Apartment News.
• Weave Co-Living Said Acquiring Hong Kong Apartments, Mingtiandi.
• Weave Moves into Multi-Family in Hong Kong's Mid-Levels, Mingtiandi.
• Weave Living in Talks for Two More Hong Kong Hotels, Mingtiandi.
• Hong Kong-based Weave Living opens new rental property in Robinson Road, Hong Kong, Yahoo! Finance Singapore.