Justco Opens Co Working Space Tokyo Under Luxury Brand Collective

“JustCo, the homegrown flexible workspace operator, has officially launched its first flagship co-working space in Tokyo called The Collective. This brand, known for luxury, opened a 24,000 sq ft space in the GranTokyo South Tower, a 42-storey skyscraper located in the prestigious Marunouchi district of Chiyoda City. The convenient location of the building near Tokyo Station offers easy access to Narita and Haneda airports. The Collective was designed to pay tribute to the elegance and comfort of a luxurious voyage, taking inspiration from the iconic Tokyo Station.

The co-working space features various options such as hot desks, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with customized workspace designs and exclusive entrance features. All workspaces are equipped with high-quality furniture such as Herman Miller Aeron chairs and Benel adjustable desks. Members can enjoy refreshments throughout the day at the TWG Tea Bar and take breaks in the “wellness sanctuary” provided for rest and relaxation. The Collective aims to provide a luxurious and productive work environment for its members.”

In Singapore, it is crucial for international investors to have a thorough understanding of the regulations and limitations surrounding property ownership. While condos are relatively easy for foreigners to purchase, the same cannot be said for landed properties, which have more stringent ownership regulations. As such, foreign buyers must take note of the Additional Buyer’s Stamp Duty (ABSD), currently at 20%, for their initial property acquisition. However, even with these added expenses, the stability and potential for growth in the Singapore real estate market remain a significant draw for foreign investment. This is particularly true for the Condo sector.