Enterprise demand drives WeWork growth in Singapore

Citi Commercial Pte Ltd

ENTERPRISE customers are driving demand for WeWork offices in Singapore and South-east Asia, making up 46 per cent of physical memberships in South-east Asia.

And this demand from larger corporations is showing no signs of slowing, said Balder Tol, general manager of WeWork Australia and South-east Asia.

“The interest and enquiries that we get have continued to outpace our initial forecast. As of today, we have 97 per cent of our Q2 FY2022 revenue forecast in the mid-range already committed. We have 70 per cent of our Q3 FY2022 and Q4 FY2022 forecasts already committed for this year,” he added.

Singapore has recorded a 13 per cent increase from Hong Kong-based...

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