JustCo – APEA – Asia Pacific Entrepreneurship Awards

OUTSTANDING CATEGORY

Kong Wan Sing
Founder & CEO


JustCo
7 STRAITS VIEW, MARINA ONE EAST TOWER ,
#05-01/06 018936
Tel: +65 6911 8890
www.justcoglobal.com


Founder and CEO of JustCo – KONG Wan Sing started JustCo in 2015 with over 15 years of experience as a property and real estate veteran.

Wan Sing’s vision for JustCo is to become a leading player in the shared coworking space market, providing flexible, collaborative and creative spaces to businesses of all shapes and sizes, including Fortune 500 companies, small and medium enterprises and independent entrepreneurs.

Wan Sing discovered the entrepreneurship streak in him early in his professional life. As a fresh graduate out from New York University, Wan Sing traded an attractive opportunity to work at Goldman Sachs New York, to start his own finance firm in Boston. Wan Sing then joined the family business Sing Group in Malaysia, within the real estate division, and spent seven years to learn the real estate business from the ground-up. Thereafter, he took a role as Senior Associate Director with Mapletree Investments, the real estate arm of Temasek Holdings in Singapore, for a total of five years.

With the entrepreneurial streak still running deep in his veins, Wan Sing took a leap of faith in 2011 to set up JustOffice, providing traditional serviced offices, before starting JustCo in 2015, the first shared workspace concept which proved to be an instant hit with start-ups and enterprises alike.

Since then, JustCo has enjoyed tremendous success. By “knocking down” the walls of the traditional offices to create open and collaborative workspaces, he has given visionary businesses the flexibility, autonomy and room to evolve. JustCo currently operates 20 coworking centres across Southeast Asia, with a strong community of over 12,000 members and a network of long-term partners which offer community members a host of services to help them access regional markets, gain business insights, and enjoy preferential packages for business services.

“The meaningful part of a coworking space is the community, the conversations made, and the connections established. JustCo’s vision is to ‘make work better, together!’ and we aim to foster a community of talented and like-minded individuals and businesses, where members can ultimately tap into to seek new connections, explore business opportunities and experience the benefits and network effect of the JustCo community,” says Kong Wan Sing.

It is under Wan Sing’s leadership that JustCo has become the leading provider and operator of shared coworking spaces in Southeast Asia. JustCo is set to dominate Asia by way of entry into key strategic cities, with an aim to operate 100 centres in the region by end of 2020.

Key Milestones of JustCo
As a visionary, Wan Sing has transformed JustCo into a major player in Southeast Asia in a short period of time.

In May 2018, JustCo was appointed by American multinational conglomerate, Verizon Communications, to help curate and manage Verizon’s first Asia innovation-community space, named as Verizon Innovation Community managed by JustCo. Housed within Verizon’s Singapore headquarters in Ocean Financial Centre, this innovation hub aims to connect a vibrant tech community, acting as a breeding ground for creative collaboration and mutual learning.

This first-in-Asia initiative sees a shift in the relationship between local innovation networks and big corporates. The launch of the Verizon Innovation Community has given JustCo the opportunity to apply its community management expertise, workplace technology and customized programmes to facilitate access between the tech communities and Verizon.

In July 2018, JustCo launched Singapore’s first coworking centre in a shopping mall in the Marina Centre Precinct. Located within Marina Square and as one of its anchor tenants, JustCo centre spreads across a single floor plate of about 60,000 square feet and estimates to house more than 1,000 members. It expects to attract retailers, creative personalities, as well as potential clientele from the surrounding corporate of offices and hotels.

The demand and roles of coworking spaces and landlords have evidently shifted in recent years. It is prevalent that shopping malls are now learning to focus on shoppers’ experience, by incorporating more entertainment and services in the retail environment. This has also helped to increase foot traffic in the retail industry that is slowing down in recent years.

Funding and Expansion Plans of JustCo One of JustCo’s most recent milestones include fund raising with Singapore’s sovereign wealth fund GIC, and multi-national property company Frasers Property Limited on a joint investment of US$177 million. Came to fruition in May 2018, this joint investment will allow JustCo to ramp up its technology solutions and enhance service offering to build on its Southeast Asia presence and continued expansion into other parts of Asia, including China, Korea, Japan and Australia.

Prior to this funding, JustCo closed on a Series B round at US$200 million valuation in October 2017, after receiving funds from Thailand’s leading real estate developer, Sansiri. This partnership unlocked JustCo’s first major footprint into Thailand, with the launch of its first centre at AIA Sathorn Tower, Bangkok in May 2018.

JustCo centre at AIA Sathorn Tower is in the heart of the Sathorn central business district. The coworking space spreads over two storeys across 35,000 square feet. JustCo at AIA Sathorn Tower offers businesses a cosy and conducive work environment with chic interiors against vibrant wall murals hand-painted by a renowned local artist.

Following the success of its first centre, JustCo opened its second coworking space in Bangkok in July 2018, at Capital Tower, All Seasons Place. Similarly, JustCo at Capital Tower exudes a casual and friendly vibe, featuring interior furnishing such as recycled timber wall panels, plywood meeting tables, wood pallet seats, timber vinyl flooring along with pops of green tones.

In 2019, JustCo will launch its newest space at Samyan Mitrtown in Bangkok, a mixed-use development comprising premium commercial retail, office and residential space. JustCo will occupy 82,000 square feet across four floors in the office tower as one of the project’s anchor tenants.

In July 2018, JustCo named TICON Industrial Connection Plc (TICON), a Thailand based leading provider of integrated industrial properties and majority-owned by Frasers Property, as its exclusive joint venture partner in Thailand to scale up the coworking scene.

This strategic partnership allows JustCo to leverage and tap on a wider network of industries with affiliation to both TICON and Frasers Property, such as commercial real estate, retail, hospitality, food & beverage and industrial customers, to accelerate JustCo’s expansion plans in Thailand.

In December 2017, JustCo announced a joint venture in Indonesia with one of Asia’s largest business players, Gunung Sewu. Through this partnership, JustCo secures its first coworking space in Jakarta at one of the premium skyscrapers developed under Gunung Sewu’s property business line - Sequis Tower. JustCo will open at Sequis Tower at the end of 2018. The two other JustCo centres in Jakarta will open at The Plaza and AIA Central in August and September 2018 respectively.

Above all, JustCo is not only a workspace provider but also a platform that serves for members to gain access to a large and diverse business community which they can network, share knowledge, exchange insights, and help each other grow their business and realize their dreams.

Wan Sing believes in building a strong team to achieve the ambition of becoming the largest premium coworking space provider in Asia by 2020.

Company Mission: To make business better by innovating workspace solutions, fostering like-minded communities and building meaningful connections between our clients, partners and people.

OUTSTANDING CATEGORY

Kong Wan Sing
Founder & CEO

Founder and CEO of JustCo – KONG Wan Sing started JustCo in 2015 with over 15 years of experience as a property and real estate veteran.

Wan Sing’s vision for JustCo is to become a leading player in the shared coworking space market, providing flexible, collaborative and creative spaces to businesses of all shapes and sizes, including Fortune 500 companies, small and medium enterprises and independent entrepreneurs.

Wan Sing discovered the entrepreneurship streak in him early in his professional life. As a fresh graduate out from New York University, Wan Sing traded an attractive opportunity to work at Goldman Sachs New York, to start his own finance firm in Boston. Wan Sing then joined the family business Sing Group in Malaysia, within the real estate division, and spent seven years to learn the real estate business from the ground-up. Thereafter, he took a role as Senior Associate Director with Mapletree Investments, the real estate arm of Temasek Holdings in Singapore, for a total of five years.

With the entrepreneurial streak still running deep in his veins, Wan Sing took a leap of faith in 2011 to set up JustOffice, providing traditional serviced offices, before starting JustCo in 2015, the first shared workspace concept which proved to be an instant hit with start-ups and enterprises alike.

Since then, JustCo has enjoyed tremendous success. By “knocking down” the walls of the traditional offices to create open and collaborative workspaces, he has given visionary businesses the flexibility, autonomy and room to evolve. JustCo currently operates 20 coworking centres across Southeast Asia, with a strong community of over 12,000 members and a network of long-term partners which offer community members a host of services to help them access regional markets, gain business insights, and enjoy preferential packages for business services.

“The meaningful part of a coworking space is the community, the conversations made, and the connections established. JustCo’s vision is to ‘make work better, together!’ and we aim to foster a community of talented and like-minded individuals and businesses, where members can ultimately tap into to seek new connections, explore business opportunities and experience the benefits and network effect of the JustCo community,” says Kong Wan Sing.

It is under Wan Sing’s leadership that JustCo has become the leading provider and operator of shared coworking spaces in Southeast Asia. JustCo is set to dominate Asia by way of entry into key strategic cities, with an aim to operate 100 centres in the region by end of 2020.

Key Milestones of JustCo
As a visionary, Wan Sing has transformed JustCo into a major player in Southeast Asia in a short period of time.

In May 2018, JustCo was appointed by American multinational conglomerate, Verizon Communications, to help curate and manage Verizon’s first Asia innovation-community space, named as Verizon Innovation Community managed by JustCo. Housed within Verizon’s Singapore headquarters in Ocean Financial Centre, this innovation hub aims to connect a vibrant tech community, acting as a breeding ground for creative collaboration and mutual learning.

This first-in-Asia initiative sees a shift in the relationship between local innovation networks and big corporates. The launch of the Verizon Innovation Community has given JustCo the opportunity to apply its community management expertise, workplace technology and customized programmes to facilitate access between the tech communities and Verizon.

In July 2018, JustCo launched Singapore’s first coworking centre in a shopping mall in the Marina Centre Precinct. Located within Marina Square and as one of its anchor tenants, JustCo centre spreads across a single floor plate of about 60,000 square feet and estimates to house more than 1,000 members. It expects to attract retailers, creative personalities, as well as potential clientele from the surrounding corporate of offices and hotels.

The demand and roles of coworking spaces and landlords have evidently shifted in recent years. It is prevalent that shopping malls are now learning to focus on shoppers’ experience, by incorporating more entertainment and services in the retail environment. This has also helped to increase foot traffic in the retail industry that is slowing down in recent years.


JustCo
7 STRAITS VIEW, MARINA ONE EAST TOWER ,
#05-01/06 018936
Tel: +65 6911 8890
www.justcoglobal.com


Funding and Expansion Plans of JustCo One of JustCo’s most recent milestones include fund raising with Singapore’s sovereign wealth fund GIC, and multi-national property company Frasers Property Limited on a joint investment of US$177 million. Came to fruition in May 2018, this joint investment will allow JustCo to ramp up its technology solutions and enhance service offering to build on its Southeast Asia presence and continued expansion into other parts of Asia, including China, Korea, Japan and Australia.

Prior to this funding, JustCo closed on a Series B round at US$200 million valuation in October 2017, after receiving funds from Thailand’s leading real estate developer, Sansiri. This partnership unlocked JustCo’s first major footprint into Thailand, with the launch of its first centre at AIA Sathorn Tower, Bangkok in May 2018.

JustCo centre at AIA Sathorn Tower is in the heart of the Sathorn central business district. The coworking space spreads over two storeys across 35,000 square feet. JustCo at AIA Sathorn Tower offers businesses a cosy and conducive work environment with chic interiors against vibrant wall murals hand-painted by a renowned local artist.

Following the success of its first centre, JustCo opened its second coworking space in Bangkok in July 2018, at Capital Tower, All Seasons Place. Similarly, JustCo at Capital Tower exudes a casual and friendly vibe, featuring interior furnishing such as recycled timber wall panels, plywood meeting tables, wood pallet seats, timber vinyl flooring along with pops of green tones.

In 2019, JustCo will launch its newest space at Samyan Mitrtown in Bangkok, a mixed-use development comprising premium commercial retail, office and residential space. JustCo will occupy 82,000 square feet across four floors in the office tower as one of the project’s anchor tenants.

In July 2018, JustCo named TICON Industrial Connection Plc (TICON), a Thailand based leading provider of integrated industrial properties and majority-owned by Frasers Property, as its exclusive joint venture partner in Thailand to scale up the coworking scene.

This strategic partnership allows JustCo to leverage and tap on a wider network of industries with affiliation to both TICON and Frasers Property, such as commercial real estate, retail, hospitality, food & beverage and industrial customers, to accelerate JustCo’s expansion plans in Thailand.

In December 2017, JustCo announced a joint venture in Indonesia with one of Asia’s largest business players, Gunung Sewu. Through this partnership, JustCo secures its first coworking space in Jakarta at one of the premium skyscrapers developed under Gunung Sewu’s property business line - Sequis Tower. JustCo will open at Sequis Tower at the end of 2018. The two other JustCo centres in Jakarta will open at The Plaza and AIA Central in August and September 2018 respectively.

Above all, JustCo is not only a workspace provider but also a platform that serves for members to gain access to a large and diverse business community which they can network, share knowledge, exchange insights, and help each other grow their business and realize their dreams.

Wan Sing believes in building a strong team to achieve the ambition of becoming the largest premium coworking space provider in Asia by 2020.

Company Mission: To make business better by innovating workspace solutions, fostering like-minded communities and building meaningful connections between our clients, partners and people.