Singapore-based coworking space The Great Room is unlike any office in the area, with marble flooring and a stocked fridge with coconut water. This coworking space isnโt for your average, struggling startup; it is made for established professionals starting their own business.
The companyโs newest space will take up 15,000 square feet later this year in partnership with Raffles Hotel after a big refurbishment.
CEO Jaelle Ang said that the luxurious space will have a price tag that matches, but clients will be โhappy to pay extra for a premium working environment.โ
So far, The Great Room is attracting clients such as HSBC, who took up 70 seats at the office companyโs One Taikoo Place location in Hong Kong.
According to Colliers International, Singaporeโs overall flexible workspace stock has tripled since 2015 and coworking operators were within the top five occupiers of premium office spaces.
The Great Room itself is smaller than other serviced office providers in the area, especially compared to major brands such as Regus and WeWork.
In 2017, CapitaLandโs venture capital arm C31 Ventures led a $5.5 million Series A funding round for The Great Room, and now the company is preparing for a Series B round of funding.
