From 6 Rooms to 10,000 Keys: Real Estate IPO Story [Chills 251, Sponsored by The Assembly Place]
Welcome to the first episode of our brand new series, The IPO Circle!
We’re joined by Eugene Lim, Founder & CEO of The Assembly Place, a leading co-living company that’s revolutionising the real estate industry. From humble beginnings with just six rooms to managing over 3,500 keys across Singapore, Eugene shares his journey, challenges, and plans for the future.
What to Expect:
- The Assembly Place's journey: from its inception to becoming a key player in the real estate sector.
- Scaling Up: How did The Assembly Place grow so fast? Eugene reveals the behind-the-scenes strategy and partnerships that made it happen.
- The Future of Co-Living: Is co-living just a trend or the future of urban living? Eugene explains why community-driven spaces are here to stay.
- IPO Insights: Why is The Assembly Place going public now, and what does it mean for future investors? Get the inside scoop on their IPO journey.
- Growth Strategy: Learn how Eugene plans to scale the company to 10,000 keys and expand further into new markets.
Whether you're an investor, a real estate enthusiast, or just curious about the future of co-living, this episode is packed with insights you don’t want to miss!
What We Discuss:
- 03:03 - For those unfamiliar, can you give a quick rundown of your company?
- 03:58 - What strategy helped you grow from six rooms to over 3,000 keys today?
- 05:35 - What type of retail investor is best suited for investing in your IPO?
- 10:36 - How stable and recurring are the cash flows from these investments?
- 15:10 - How do you manage higher operational costs while building community?
- 24:08 - Can you explain the fair value losses from long-term leases and impact?
- 40:56 - How do you plan to ensure better outcomes for shareholders?
- 43:41 - How will your strategy increase keys and differentiate from competitors?
- 46:48 - What’s your vision for TAP?
- 55:20 - What steps do you take to prevent cost spikes due to member actions?
- 56:49 - How do you plan to run this listed company?
Disclaimer: This podcast is for informational purposes only and is not an offer or solicitation to buy or subscribe for shares. Any decision to purchase shares should be made solely based on the information in the final Offer Document, which is available from SAC Capital Private Limited and on the SGX-ST Catalodge website. This contents of this podcast have not been reviewed by the Monetary Authority of Singapore.
This episode was recorded at Commune Singapore
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