Dash Living, a Hong Kong-based property tech startup announced today that it has expanded its presence to Asia Pacific by acquiring Singapore’s coliving company EasyCity, according to a statement.
The company, which now has 900 units across two of the most vibrant cities in the Asia Pacific region, has raised US$10 million of funding till date from MindWorks Ventures, Capital Union Investments and ClearMind Capital.
In Hong Kong, Dash Living has over 100,000 sqft under its management, spanning across prime locations such as Causeway Bay, Wan Chai, Central, Tsim Sha Tsui, and Jordan in Hong Kong.
As for its latest additions in Singapore, the Dash Coliving units are located in CBD areas as well as city-fringe areas such as Geylang, Paya Lebar, Farrer Park, Balestier, Pasir Panjang, and Clementi.
An “aggressive expansion” is being planned in Singapore according to Dash Living founder Aaron Lee and Easycity founders Alex Liu and Wesley Wen.
“Dash Singapore is aiming to provide its members with much wider choices of locations and features across the island. Enhanced by the upgraded services, new perks, and the tenant community, living with Dash will be more convenient and exciting than ever before,” said Liu.
The startup aims to tap into millennial demand by targeting young professionals who are looking for reasonably priced housing in a thriving city, along with a community they can easily interact with.
“All-inclusive, affordable and flexible accommodation for millennials is a sizable problem which impacts the next generation. Being a millennial myself, I’m excited to share Dash’s offerings regionally beginning with Singapore,” said Lee.
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Apart from being a residential firm, DashLiving also offers community services where members, also known as “the Dash community”, can get connected via an app, which can be used to access rooms, common spaces and discounts.
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Image Credit: Dash Living
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