SGX Stock Exchange today announced the successful listing of The Assembly Place Holdings Ltd. on Catalist under stock code “TAP”.
Incorporated in Singapore in 2023, The Assembly Place Holdings Ltd. (TAP) is Singapore’s largest community living operator, managing a diversified portfolio of accommodation under an asset-light model. The Group operates more than 3,400 keys across approximately 100 properties in Singapore, serving segments including residential co-living, hotels and serviced accommodation, student housing, foreign healthcare professionals’ accommodation and inter-generational living. In addition to operating living spaces, TAP also provides property and project management services to property owners. The Group plans to expand into Malaysia from 2026, with a planned development in Kuala Lumpur that will integrate hospitality and community living concepts.
Eugene Lim, Executive Director and Chief Executive Officer, The Assembly Place Holdings Ltd., said, “Our successful listing on SGX represents a pivotal milestone for TAP, providing us with a strong platform to execute our next phase of scalable growth. The IPO proceeds will be strategically deployed to accelerate our expansion roadmap, including our target to reach 10,000 keys by the end of 2030, advance vertical diversification into complementary living sectors such as workers’ dormitories, and support our entry into potential new markets across Southeast Asia. Anchored by our asset-light, community-driven operating model, TAP has delivered resilient operating performance, with portfolio occupancy consistently exceeding 90% since FY2022. We believe this differentiated model positions us well to deliver sustainable long-term value for shareholders.”
Koh Jin Hoe, Head of Capital Markets, Global Sales and Origination, SGX Group, said, “Investor interest in the living segment has accelerated in recent years, driven by evolving work-life preferences, urbanisation and travel behaviour. The Assembly Place’s listing underscores the sector’s rising potential, and SGX offers a robust and transparent venue for high-growth, innovative companies to access capital as they scale and strengthen engagement with investors and customers.”
With this listing, The Assembly Place Holdings Ltd. joins more than 200 enterprises listed on SGX Catalist. The Assembly Place Holdings Ltd. opened at S$0.31 today.
