Robb Report Singapore

Kong Wan Sing, CEO, JustCo

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JUSTCO IS SOUTHEAST ASIA’S largest premium flexible workspace provider. Founded in 2011 and headquarte­red in Singapore, the US$200 million firm offers larger spaces for less thanks to strategic partnershi­ps forged with prolific investors, such as GIC and Frasers Property.

Entreprene­urship has always been in Kong Wan Sing’s blood. His father led a textile business in Malaysia, supplying to retail behemoths such as Adidas and Nike. After graduating with a bachelor’s degree in finance and informatio­n systems at NYU Stern School of Business in 1998, Kong moved to Boston to work for a now-defunct equity research website. After moving back to Singapore, he set up JustOffice in 2011. By 2015, JustOffice was billed as the biggest co-working space operator in downtown Singapore. JustCo expects to have over 50 central locations spanning across more than two million sq ft by the end of 2019 – more than doubling the network of locations from just a year ago.

In August, it was announced that the workspace provider is set to take over a 16-storey commercial building in Seoul’s Gangnam Business District. Kong says: “The beauty of the JustCo business model is that it integrates and connects members into one community, while at the same time providing them with the option of working independen­tly.”

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