The Assembly Place Holdings Ltd. (“TAP”) delivered a robust set of maiden results for FY2025, underpinned by strong portfolio expansion and sustained demand for co-living solutions. Revenue surged 42.4% year-on-year to S$27.0 million, while adjusted NPAT rose 24.2% to S$7.7 million, reflecting solid core earnings growth.

Operationally, the Group expanded its key count significantly from 2,106 to 3,422, supported by a high average occupancy rate of 94.4%, demonstrating strong utilisation and demand. Its core Community-Driven Stays segment remained the primary contributor, accounting for over 93% of total revenue.

TAP continues to scale its platform with a secured pipeline of approximately 1,490 additional keys over the next two years, including new ventures such as its first migrant worker dormitory and a hotel redevelopment at Tras Street.

Looking ahead, the Group is well-positioned to capture growth opportunities in Singapore’s expanding co-living market, supported by structural demand drivers such as workforce mobility, rising housing costs, and increasing preference for flexible living arrangements.

https://links.sgx.com/1.0.0/corporate-announcements/RX6205V59DRMQX7W/0b7b6a6f3752d13f47d82d8d942278b3499ad25524f529a843529d3be4cf2f91