On January 21, Straits Times published a list of Singapore’s fastest-growing companies of 2025 as a result of its collaboration with Statista. Coliving company Casa Mia came in fourth place with a growth rate of 2,675.37 per cent.

“Many coliving brands have been acquired or disappeared from Singapore with the exception of Casa Mia. We managed to stay healthy and strong,” says Casa Mia CEO and Founder Eugenio Ferrante in a call with e27.

“We focus on making sure that we are sustainable from a financial perspective from the beginning; we did not really rely on a lot of external capital for growth.”

Singapore’s appeal as a vibrant hub for young professionals and students from across the globe has catalysed the success of Casa Mia, which was founded in 2019. Spearheaded by Ferrante, the company weathered the challenges of the pandemic, used the period to refine its operational framework, and has since emerged as a significant player in Singapore’s accommodation market.

From its inception, Casa Mia recognised and catered to a growing need: affordable, flexible, and community-focused living solutions for individuals early in their careers or academic pursuits. Ferrante highlighted Singapore’s allure to people from neighbouring Malaysia and Indonesia, as well as further afield from Europe and other regions. Yet, for those arriving on limited budgets, the city’s notoriously high living costs make shared accommodation a necessity.

Also Read: Lewis Ng replaces Hari V. Krishnan as PropertyGuru CEO

Casa Mia’s solution offers more than just affordability. “We make it easier with a more consistent experience,” Ferrante explained, contrasting their model with traditional room rentals.

With curated homes situated in vibrant neighbourhoods such as River Valley, Casa Mia appeals to its demographic by ensuring proximity to amenities such as cafés, restaurants, and transport. Additionally, the company fosters a sense of community through initiatives encouraging interactions among its residents, who typically share homes with four—to six-bedrooms.

Casa Mia’s growth trajectory has been notable which resulted in its place in the Straits Times ranking. Doubling its business year-on-year during its early years, the company said that it achieved a 30 per cent revenue increase in 2024, culminating in an annualised revenue of US$8 million.

This expansion aligns with Singapore’s post-pandemic recovery and the rise of hybrid work models, which Ferrante identified as a key trend.

“We have ensured our homes accommodate this shift,” he says, referring to rooms designed with work-from-home needs in mind. High-speed internet, ample natural light, and designated desk spaces are now standard features in their properties. Sustainability has also become a focus, with eco-friendly practices embedded across their operations.

A meticulous screening and matching process underpins Casa Mia’s service. “We’ve always been focused on 20- to 30-year-old young professionals and students,” Ferrante shares.

Also Read: EQT completes PropertyGuru acquisition, seeks to strengthen its position in SEA proptech sector

Prospective tenants undergo a questionnaire, with only around 25 per cent progressing to the next stage. The goal is to create harmonious living arrangements, leading to longer stays—an average of 14 months, which Ferrante says is twice the industry norm in Singapore.

Cautious expansion strategy

Despite its success, Casa Mia has opted for a conservative approach to regional expansion. While markets across Southeast Asia are being evaluated, Ferrante stresses that their current model is uniquely suited to Singapore’s environment.

“We have been very cautious,” he notes, adding that the company is focusing on growing its local portfolio.

The recent launch of two new homes in River Valley marks a return to its roots while reinforcing its presence in a sought-after area. Discussions on broader expansion remain in exploratory phases, with Ferrante promising updates as opportunities solidify.

This strategic restraint reflects an understanding of the nuances that shape the coliving market. Factors such as regulatory frameworks, cultural preferences, and economic conditions vary significantly across countries, making a one-size-fits-all model unfeasible.

Ferrante also shares the company’s user acquisition strategy. Ninety per cent of its tenants discover the company online, either through search engine optimisation, digital advertising, or organic traffic. The remaining 10 per cent arrive via referrals from past or current members, underscoring the strength of the community and the satisfaction of its residents.

Also Read: The intersection of tech and climate change: 5 key forces that will redefine the global market

Notably, Casa Mia eschews traditional real estate agents, relying instead on its in-house processes and technology. This streamlined model has enabled the company to maintain control over the customer experience and reduce overheads, ultimately benefiting its tenants.

As Singapore continues to draw global talent, Casa Mia is well-positioned to capitalise on this influx. The company’s emphasis on community, sustainability, and adaptability reflects broader trends shaping the modern housing market.

—

Image Credit: Casa Mia

The post Achieving 202%+ CAGR: How Casa Mia redefines coliving for Singapore’s young professionals appeared first on e27.