Habyt, a leading co-living operator, has recently opened its newest accommodation space at 5 Kadayanallur Street in Tanjong Pagar. The new flagship space, called Kada at Maxwell, is part of Habyt’s new Habyt Flex concept, which expands the company’s offerings beyond long-term co-living.
In August, Habyt Asia Pacific CEO Jonathan Wong announced the company’s plans to provide more short-term living options in Singapore. The first properties under the Habyt Flex concept, Habyt Novena and Habyt Kallang, were launched in August. Other Habyt Flex properties include Habyt Cantonment and Owen House by Habyt.
Kada at Maxwell offers 18 rooms, including en suite studios and two- to three-bedroom units, all equipped with a kitchenette. Guests have the option to book rooms for a night, a week, or even on a 12-month basis.
According to Wong, Kada at Maxwell is a testament to Habyt’s commitment to redefine flexible living in Singapore and marks a new phase of development for Habyt Asia Pacific. Room rates at Kada at Maxwell start at $180 per night.
The flexible living space is located in a well-preserved 1920s colonial building designed by Swan & Maclaren, one of the earliest modernist buildings in Singapore. It was originally built as the St Andrew’s Mission Hospital for Women and Children.
In September 2023, the Singapore Land Authority (SLA) launched a public tender to lease the property. Bidders were evaluated based on the proposed concept and bid price, with SLA encouraging creative lifestyle concepts. The property was eventually awarded to Bethesda Medical, with a monthly rental bid of $103,000 – the third-highest bid price after Wan Dormitory ($160,000) and The Working Capitol ($108,240).
SLA cited Bethesda’s strong focus on community building and connecting people with businesses as the winning edge for their concept. The first floor of the building will feature 10 F&B offerings, while the second floor will have a gym operated by Limitless, a wellness centre in partnership with Shiruki Studio, and a co-working space. Kada at Maxwell will occupy the third floor.
Residents of Kada at Maxwell will have unlimited and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.
Wong adds that by blending modern conveniences with the timeless charm of a heritage building, Habyt is offering guests a unique lifestyle experience that goes beyond traditional accommodation.
Condo investment in Singapore is a highly attractive option, but it’s important to take into account the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to discourage speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While they may impact the short-term profitability of condo investments, these measures ultimately contribute to the long-term stability of the market, creating a secure investment environment for individuals. With the inclusion of condos, these factors make Singapore a highly desirable location for property investment.