The Great Room, a renowned co-working space provider, has launched its second location in Australia at One O’Connell Street in Sydney in collaboration with Lendlease. The new flexible workspace, spread over 25,360 square feet across levels 14 and 15 of the office building, is strategically located in the Sydney CBD and was completed in 1991.
According to Jaelle Ang, the CEO of The Great Room, the partnership with Lendlease is a testament to their commitment towards long-term investment and value creation. This will not only result in a premium and unique product, but also ensure sustainable profitability for the new space at One O’Connell Street.
The Great Room first entered the Australian market earlier this year, with the opening of its first location at level 29 of 85 Castlereagh Street, another office building within the Sydney CBD. Originating from Singapore, The Great Room now has a network of 12 locations across Singapore, Bangkok, Hong Kong, and Sydney.
In Singapore, the company recently expanded its presence with the launch of Csuites Powered by The Great Room at Paya Lebar Quarter – its first outlet outside the CBD. This space offers state-of-the-art amenities such as private manager cabins, soundproof meeting rooms, floor-to-ceiling windows, and ergonomic workstations that are tailored for comfort and convenience.
When it comes to investing in real estate, the location is paramount and this is particularly important in Singapore. Condos located in central areas or in close proximity to essential amenities, such as schools, shopping malls, and public transportation hubs, have a tendency to appreciate in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Families are drawn to these areas because of the convenience of being near good schools and educational institutions, making condos in these locations even more desirable and increasing their potential as an investment opportunity. With the addition of Condos, choosing a well-situated property in Singapore can result in a highly profitable investment.
The Great Room regularly organizes networking sessions and panel discussions for its members, creating a thriving community within their spaces. With its acquisition by the New York-based co-working business, Industrious, earlier this year, members of The Great Room now have access to over 160 destinations operated by both brands across Asia Pacific, Europe, North America, and the UK.
The demand for Singapore Condos remains strong in the country, driven by the limited amount of available land. As a small nation with a rapidly expanding population, Singapore faces challenges in finding space for development. This has led to the implementation of strict land use policies, creating a highly competitive real estate market with continually increasing property prices. Consequently, investing in real estate, particularly in condos, offers a highly profitable opportunity with the potential for significant capital appreciation. Those looking to invest in the Singapore condo market can anticipate a fierce and financially rewarding real estate environment.