Business Daily Media

Men's Weekly

.

TWP Expands Presence To Become Singapore’s Leading Coworking Operator In Premium-Grade Buildings

SINGAPORE - Media OutReach - 25 July 2023 - The Work Project (TWP) has announced plans to become the largest coworking operator in Grade A or premium-grade commercial buildings in Singapore's Central Business District (CBD) by end-2023.

They currently occupy 3 floors in Capital Tower and 1 floor in CapitaGreen, and will be expanding both premises by the end of the year. TWP's portfolio of locations in the CBD core also includes CapitaSpring, Asia Square, CapitaSky, Downtown Gallery, and Six Battery Road.


Unbeatable Connectivity and Convenience in Prime CBD Locations

TWP is a premium shared office brand in Singapore, focusing on delivering cutting-edge design and professional shared services. TWP centres are well-equipped with customisable private office suites, dedicated desks and hot desks, meeting rooms with high-tech video-conferencing capabilities, and value-add amenities such as lounges with designer furniture, gourmet pantries, phone booths for Zoom calls, and collaboration zones for multi-modal working.

TWP's network of coworking spaces in the CBD offers its members unparalleled connectivity across Singapore. Proximity to Raffles Place, Tanjong Pagar, Shenton Road and Marina Bay MRT stations as well as connected bus routes ensures members can look forward to smooth commutes at any time of day. Extensive dining and wellness options are also available at connected retail outlets and shopping malls, offering TWP members ample options for business and leisure meetings alike.

Meeting Continued High Demand for Flexible Work Arrangements in Singapore

TWP's strategic expansion has been driven by strong recovery rates in the commercial rental market over the past year. Brandon Chua, TWP Singapore Country Head, expressed his confidence in the company's approach: "With the recent strong rebound of commercial rents in the core CBD, we have seen our portfolio achieving occupancy rates and revenue per occupied desk (revpod) surpassing pre-Covid 19 times. Even during downtimes, we see customers taking flight to quality and the demand for core CBD offices remains reasonably strong despite competitive prices."

The expansion also allows TWP to better cater to its enterprise clients, defined as those requiring more than 25 desks in private offices. This supports the growing trend of corporate users in the coworking industry, as opposed to freelancers, start-ups and small businesses. Advantages such as cost savings, less fixed overheads, flexibility, and turn-key solutions are major drivers behind this growth of the corporate segment within the coworking industry.

Noeleen Goh, Head of Real Estate at TWP, highlighted this appeal of coworking to larger corporate clients, stating, "Our largest client is a tech client who occupies over 500 desks with us in one location. The appeal of coworking to such a large client is the speed at which we can deliver customised solutions, the convenience of a menu of professional shared services available to them, and ultimately, the flexibility and scalability we can offer." TWP's locations within the CBD core are also particularly attractive to corporations seeking to attract and retain top talent, while maintaining a convenient and prestigious addresss.

Hashtag: #TWP #TheWorkProject

The issuer is solely responsible for the content of this announcement.

About TWP

TWP is a global workspace provider setting new standards in ways of working. It currently operates award-winning workspaces at twelve locations in Singapore, Sydney and Hong Kong, that enable today's business executives to work, meet and host in beautifully designed spaces. Since its inception in 2016, its timeless and inspiring designs have already been included in Forbes' list of "5 Most Beautiful Co-Working Spaces in the World" and Huffington Post's list of "20 Best Co-Working Spaces Across the Globe". Its mission is to create workspaces that are beautiful in form and high-performance in function. Find out more at .

News from Asia

ICONSIAM Showcases Thai Creativity to the World with "Lost in DOMLAND" — Reinforcing Its Role as a Must-Visit Global Art Destination

The first-ever full-scale solo exhibition by Udom Taephanich, sets a new milestone for Thai contemporary art on the global stage.BANGKOK, THAILAND - Media OutReach Newswire - 11 July 2025 - ICONSI...

MyRepublic Awarded #1 Best Fixed Network in Asia by Ookla®

SINGAPORE - Media OutReach Newswire - 30 July 2025 - MyRepublic announces that it has been officially recognised by Ookla®, a global leader in connectivity intelligence, as the #1 Best Fixed Netw...

Apical Advances EUDR Readiness Ahead of Full Regulatory Implementation

SINGAPORE - Media OutReach Newswire - 30 July 2025 - Apical has successfully implemented a robust management system to ensure full compliance with the European Union's Deforestation Regulation (EU...

YBUOJ Responds to BaFin Announcement, Reaffirms Compliance Credentials and Global Regulatory Commitment

COLORADO, USA - Media OutReach Newswire - 28 July 2025 - YBUOJ has issued an official response to a recent notice from the Federal Financial Supervisory Authority of Germany (BaFin), which alleged...

Regional Regulatory Misunderstanding, YBUOJ Responds Proactively to BaFin Advisory

COLORADO, USA - Media OutReach Newswire - 29 July 2025 - The Federal Financial Supervisory Authority of Germany (BaFin) recently issued a public advisory stating that crypto exchange YBUOJ was off...

SIBUR Develops New Grade of Polypropylene for Hygiene Products

MOSCOW, RUSSIA - Media OutReach Newswire - 30 July 2025 - SIBUR, Russia's largest polymer producer, has developed a new grade of polypropylene designed for use in hygiene and medical products...

SIBUR Begins Installation of Polypropylene Production Line at Amur GСC

MOSCOW, RUSSIA - Media OutReach Newswire - 30 July 2025 - SIBUR, Russia's largest polymer producer, has started installing a polypropylene production unit at the Amur Gas Chemical Complex (GСC), w...

Shenzhen and Hong Kong Join Hands to Promote the Development of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone

"Driving the Globalization of Clinical Trials in the Guangdong-Hong Kong-Macao Greater Bay Area, Implementing the First Key Cross-Border Multi-Center Clinical Trial Project"HONG KONG SAR - Media O...

Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2025

2025 Interim Results - Financial Highlights (Figures for the corresponding period in 2024 are shown in brackets) Consolidated revenue: HK$ 736 million (HK$ 545 million) Consolid...

V-GREEN and GSM Philippines sign strategic partnership with MERALCO to promote EV infrastructure development in the Philippines

MANILA, PHILIPPINES - Media OutReach Newswire - 30 July 2025 - V-Green Global Charging Station Development Corporation (V-Green) and Green and Smart Mobility Joint Stock Company (Green GSM Philipp...

Small-Business Cash-Flow Playbook 2025

An educational guide to managing ATO debt, real-time super and growth finance in Australia’s new landscape Why ATO debt just became the most expe...

Landowners Offered $30,000 Per Year for Just 1 Hectare: The Rise of 5MW Battery Projects Across Australia

In a pivotal shift reshaping Australia’s renewable energy landscape, landowners in Queensland, New South Wales, and Victoria are being offered up ...

Major national security tech alliance launches with Aerologix a founding member

Australia’s leading drone intelligence pioneer bolsters sovereign tech power Australia’s leading aerial data and drone intelligence platform, Aer...

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Sell by LayBy