Coliwoo Holdings Limited said on Nov, 20 2025 that its indirect wholly-owned unit, Coliwoo Properties Investments Pte. Ltd. (CPIPL), has set up a 50:50 joint venture with Macritchie Developments Pte. Ltd. (MDPL).

The newly incorporated vehicle, 1 King George Ave Pte. Ltd., will acquire a freehold commercial property at 1 King George’s Avenue, Singapore 208557 for 40 million Singapore dollars, excluding GST, under an Option to Purchase signed the same day.

The joint venture has paid-up capital of 100,000 Singapore dollars, split equally between CPIPL and MDPL.

A deposit of 2 million Singapore dollars, equal to 5 % of the purchase price, has been paid; completion is scheduled by Dec, 31 2025 or six weeks from the option date, whichever is earlier.

Coliwoo said its 1 million Singapore dollar share of the deposit will come from initial public offering proceeds earmarked for expansion through owned and joint-venture properties, and the outlay is not expected to have a material impact on its financials for the year ending Sep, 30 2026.

The group plans to convert the site into a co-living property while retaining commercial units on the ground floor.