(Singapore, July 25) Local creative workspace provider Staytion, which focuses on meeting the needs of home-based professionals and small to medium-sized enterprises by combining work and lifestyle spaces, has opened its fourth physical branch in the Stellar@TE2 commercial district located at Woodlands MRT Station (TE2).
As the fastest-growing shared office space provider in Southeast Asia, Staytion has been rapidly expanding its concept in Singapore, Malaysia, and Thailand through a collaboration with vOffice, the largest virtual office operator in Southeast Asia. It also plans to extend its presence to other countries such as the Philippines and Vietnam in the future.
Indonesia’s Minister of Tourism and Creative Economy, Sandiaga Uno, commented on the cooperation between Staytion and vOffice Indonesia, stating that the timing is ideal given the rapid market development. By leveraging Staytion’s proprietary platform for on-demand space booking and usage, combined with vOffice’s strong influence in Indonesia, the partnership will facilitate cross-border growth for businesses in both countries.
The opening day also marked the one-year anniversary of Stellar@TE2. This new commercial district located within Woodlands MRT Station was named through a voting process involving over 700 residents from the Marsiling-Yew Tee constituency, combined with the name of the joint venture company and the code for Woodlands MRT Station on the Thomson-East Coast Line.
In the post-pandemic market recovery, businesses and enterprises face constantly changing external challenges, leading to rising demand for flexible and reliable workspace solutions. Staytion’s shared office spaces cater to professionals who require efficient and professional environments.
Within just nine months, Staytion’s membership has already surpassed 10,000, with locations spanning Dhoby Ghaut MRT, Paya Lebar MRT, and the recently opened branch at Marsiling MRT, offering services to both small and large enterprises, with the majority of their audience being individuals between the ages of 25 and 40. Staytion provides private single rooms for 2-3 people, available for hourly, daily, monthly, and long-term leasing. This not only allows employees to choose workspaces closer to their homes but also helps smaller enterprises reduce their annual rental costs by at least 40%.
Additionally, Staytion has partnered with Stripe, a company that provides solutions for online and transaction payments, accepting payments in over 135 currencies worldwide, thus significantly enhancing customer payment convenience. Stripe’s API allows online businesses of all sizes to handle online payments and business solutions, enabling faster payment acceptance and expansion.
Staytion’s CEO, Jane Toh, emphasized that the company values not only the business aspect but also the community and connectivity elements that provide professionals with shared office spaces closer to their homes. Compared to traditional shared office spaces in the central business district, these locations are more easily accessible. However, Jane also stated that Staytion’s expansion is not limited to just within MRT stations, with the next branch planned to be located outside of an MRT station, near Bugis, an area in the heart of Singapore known for its arts and cultural heritage, museums, and historical landmarks.
She believes that while the concept of shared office spaces may be easily replicated, Staytion offers more than just desks and chairs. It provides a comprehensive range of services and operations. As a shared office space provider, Staytion not only offers private office spaces, Wi-Fi, and printing services but also collaborates with the National Library Board (NLB) to transform its Woodlands and Marsiling branches into community learning spaces, providing interactive installations and QR code scanning for access to e-books, enhancing the unique experience for Staytion members and setting itself apart from traditional shared office spaces.