Cove Tackling The New Housing Market
SME Magazine Singapore|Issue 31, 2021
The housing market for young people has changed, especially in large cities. As properties become more and more expensive, young homebuyers are now thinking twice about investing in a house the way their parents have done. In addition, the increasing remote working ability brought about by COVID-19 has inspired new lifestyles of mixing travel and career.
Cove Tackling The New Housing Market

This week, SME speaks to Sophie Jokelson, CMO and co-founder of Cove, an online rental startup catering to singles, travelers, and young couples moving out across the region.

WHAT INSPIRED YOU TO START COVE? We (Cove’s three co-founders Sophie, Guillaume, and Luca) had moved around a lot when we were younger and collectively rented around 31 different properties in 13 different cities. All of us had experienced flat-sharing before and could relate to all the pain points that came with rentals and traditional flat-sharing.

These days, young people are also seeking a different lifestyle. Many of them are getting married much later, and instead, prefer moving around more for travel and careers. That means that rentals are more important than ever because people aren’t purchasing houses in the same way they used to. They felt it was just the right time to come in and bring out this change in modernizing rental spaces and reimaging home rentals.

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Denne historien er fra Issue 31, 2021-utgaven av SME Magazine Singapore.

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