Cove, the co-living and home rental platform that was founded four years ago, has been quietly but rapidly expanding. The company today has over 3,000 rooms in its portfolio, more than 15 times the roughly 200 rooms it had in 2019.
Around a third of those rooms are in Singapore, spread across approximately 200 properties. But the larger share of its portfolio is now in Jakarta, where the company has concentrated on growing its footprint since it first expanded into the Indonesian market in 2020. Despite the pandemic forcing the Cove management team, based in Singapore, to oversee the launch of its Indonesian operatio remotely, the company was able to scale up quickly. Cove now operates over 2,000 rooms across roughly 45 properties in Jakarta.