Homestay Lodge is a workforce housing, which consists of seven blocks, housing 5,888 workers. The property is located in Kaki Bukit in the east side of Singapore where there is limited supply of housing for workers. The property sits on two adjoining land parcels with a total land area of 200,650 square feet and a gross floor area of 328,558 square feet. The accommodation was under-rented and the investment strategy is to focus on bringing up the rents to market level, capitalising on the shortage of approved workforce housing in the area as well as providing a professional and standardised product in the market.
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