The Working Capitol

What The Working Capitol does

The Working Capitol is a Singapore-based flexible workspace operator that converts and curates heritage conservation shophouses into branded co-working and private office environments. Founded in March 2015 at 1 Keong Saik Road (a former 1920s biscuit factory), the company has grown to 36+ conservation properties across the Keong Saik, Telok Ayer, and Ann Siang neighborhoods, serving 130+ member companies ranging from individual freelancers to enterprise teams of up to 200. The core technology is a heritage adaptive reuse methodology: the company specializes in customizing conservation buildings—including facade branding, themed interiors, and full fit-out—while preserving architectural integrity, with basic branding works amortized into monthly rent.

The revenue model combines subscription-based memberships across four tiers (WorkSpot hot-desking at SGD 250/month, WorkDesk dedicated desk at SGD 800/month, WorkSpace private offices from SGD 600/person/month for teams of 2–10, and WorkConnect virtual business address at SGD 48/month) with customized Enterprise Solutions for teams of 10–200 on multi-year contracts, supplemented by hourly event space rentals (SGD 225–400+/hour) across four venues. Go-to-market is multi-motion: enterprise field sales with site visits and custom proposals for larger teams, inside sales with transparent online pricing for membership tiers, and event-driven community acquisition via weekly programming and strategic partnerships (e.g., Singapore FinTech Festival 2023).

The company is a subsidiary of Triple P Group, a privately owned real estate group dedicated to conservation properties, and operates under the leadership of Founder & CEO Ben Gattie. Distribution is exclusively domestic to Singapore, with no disclosed plans for international expansion. Differentiation rests on a True Flexibility Model (2-month termination notice, no fees, ability to upsize or downsize during lease), a curated ecosystem of 50+ neighborhood perks and 130+ member companies, and an ESG positioning layer anchored by 100% renewable electricity, circular furniture partnerships, and heritage conservation credentials.

Name

The Working Capitol

Legal name

The Working Capitol (Keong Saik) Pte Ltd

Website

https://theworkingcapitol.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Singapore-based flexible workspace provider operating 36+ heritage conservation shophouses across Keong Saik, Telok Ayer, and Ann Siang, serving 130+ member companies from individual freelancers to enterprise teams of up to 200 with fully customizable offices and adaptive reuse methodology.

Ownership category

akta.pro rank

Product category

Co-working and Flexible Workspace Services

NAICS

Facilities Support Services (561210), Services to Buildings and Dwellings (5617)

SIC

Services-Facilities Support Management Services (8744), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

Keywords

• Co-working space
• Flexible workspace
• Heritage shophouse offices
• Private office rental
• Virtual office address

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Hot-Desking Membership (WorkSpot): Flexible hot-desking passes at $250 per month, providing 24/7 access to co-working spaces at 1 Keong Saik with pantry access, meeting room credits, and community events.
2. Dedicated Desk Membership (WorkDesk): Reserved desk spaces at $800 per month with personal storage and signage, offering consistent workspace within the heritage shophouse environment.
3. Private Office (WorkSpace): Private office solutions for teams of 2-10 starting from $600 per person per month, located in flagship building at 1 Keong Saik Road. Includes full servicing and customization options.
4. Virtual Business Address (WorkConnect): Virtual office registration at $48 per month providing prime business address in Singapore's CBD with administrative services.
5. Enterprise Solutions: Customized private shophouse spaces for enterprise teams of 10-200, with full branding customization, flexible terms, and built-in community access. Pricing varies based on team size and customization scope.
6. Event Space Rental: Venues for hire including The Rooftop (up to 20 pax, from $225/hour), Overlap (up to 25 pax, from $325/hour), The Common Space (up to 40 pax, from $400/hour), and Draper at 39 Ann Siang (up to 30 pax).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

The Working Capitol provides flexible co-working, dedicated desks, private offices, and virtual office addresses within Singapore heritage conservation shophouses across the Keong Saik, Telok Ayer, and Ann Siang neighbourhoods. Its offering spans four membership tiers (WorkSpot hot-desking, WorkDesk dedicated desk, WorkSpace private office, WorkConnect virtual address), an Enterprise Solution that delivers fully serviced, customisable private shophouse spaces for teams of up to 200, and hourly event venue rentals. The company bundles shared infrastructure (24/7 access, meeting rooms, pantry), a member perks programme with 50+ neighbourhood partners, and weekly community events into a single subscription.

Product overview

The Working Capitol is a Singapore-based co-working and flexible workspace provider operating exclusively in heritage and conservation shophouse properties across the Keong Saik, Telok Ayer, and Ann Siang neighbourhoods. The core offering spans four membership tiers — WorkSpot (hot-desking at $250/month), WorkDesk (dedicated desk at $800/month), WorkSpace (private offices from $600/person/month for teams of 2–10), and WorkConnect (virtual business address at $48/month) — alongside an Enterprise Solution for teams of up to 200 with fully customisable private shophouse offices. The company also operates a portfolio of four event spaces (The Rooftop, Overlap, Draper, and The Common Space) and a Member Benefits & Perks Programme spanning dining, fitness, retail, and lifestyle partners. All offerings are underpinned by heritage conservation, community building, and sustainability values, with the company operating a network of over 36 heritage properties across Singapore's CBD and Chinatown.

Differentiator

Problem solved

Functional benefit

Products and services

• WorkSpot Flexible hot-desking membership at $250 per month (first-timer offer $198+ on first month with $50 meeting room credits) providing 24/7 access to shared co-working desks in heritage shophouse spaces, with meeting room credits, pantry access, free Wi-Fi, and member event access. Targeted at freelancers, solopreneurs, and small teams needing flexible access.
• WorkDesk Dedicated desk membership at $800 per month offering a personal workstation with private shelves and signage, providing consistent seating and a degree of personal branding within the co-working space. Targeted at individuals and small teams wanting a reserved spot.
• WorkSpace Private office membership for teams of 2 to 10, located in the flagship building at 1 Keong Saik Road. Priced from $600 per person per month with full customisation options, fully serviced, and designed for small companies and scale-ups requiring a private suite.
• WorkConnect Virtual business address registration service at $48 per month providing a prime city-centre Singapore address in the CBD for company registration and administrative services, without requiring physical office presence. Targeted at startups, foreign companies, and remote businesses.
• Enterprise Solution Custom private shophouse office spaces for enterprise teams of up to 200 employees, offering fully serviced and brand-customised workspaces (facade branding, interior design, feature walls) within heritage buildings across Singapore's Chinatown and CBD neighbourhoods. Pricing varies based on team size, with multi-year contracts and 2-month termination notice and no fees.
• The Rooftop Event Space Outdoor event venue on the rooftop of the former Eng Aun Tong factory at 89 Neil Road (Tiger Balm birthplace), featuring panoramic views of Chinatown, lush greenery, and a barbecue area for up to 20 guests. Hourly rental from $225+.
• Overlap Event Space Ground-floor versatile event space at The Working Capitol, designed for workshops, panel discussions, and team collaborations with adaptable seating for up to 25 guests. Hourly rental from $325+.
• The Common Space Event Venue Bright, adaptable event space at the heart of The Working Capitol, suitable for a wide range of occasions with a flexible layout accommodating up to 40 guests. Hourly rental from $400+.
• Draper at The Working Capitol Event space located within the historic Ning Yeung Wui Kuan clan association building at 39 Ann Siang, offering 626 sq.ft. of space with private pantry and branding options for up to 30 guests. Direct ground floor access.

Quantifiable outcome

• 98% occupancy maintained during COVID-19 pandemic through proactive member support including rental relief and flexible downsizing
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, minor and flagship.

• FlokkcoreStrategic or Co-development PartnerSustainable furniture provider offering high-end, quality chairs (including Hag Capisco) crafted with holistic environmental approach from materials and manufacturing to product lifespan. Flokk furniture is provided to enterprise members on a leasing model to avoid unnecessary demand for mass-produced furniture. TWC offers 4x Flokk's Hag Capisco Chair (worth $1,980 each) as rewards for members.
• Flo EnergycoreStrategic or Co-development PartnerSustainable energy provider supplying 100% renewable electricity to the majority of The Working Capitol's buildings. Partnership supports TWC's commitment to sustainability, circular economy, and adaptive reuse efforts. Flo Energy participated in 2023 Singapore FinTech Festival ESG Panel alongside TWC.
• Cream of the CropcoreStrategic or Co-development PartnerSustainability partner greening TWC's rooftop spaces. Founder Daniella Danis participated in 2023 Singapore FinTech Festival ESG Panel discussing neighborhood transformation and impact. Partnership exemplifies TWC's approach to fostering win-win business relationships.
• Unravel CarboncoreStrategic or Co-development PartnerCarbon emissions tracking and measurement partner helping TWC monitor and manage environmental impact. Sustainability Consultant Woo Qiyun participated in 2023 Singapore FinTech Festival ESG Panel. Partnership supports TWC's sustainability transparency and ESG reporting.
• EcopexminorStrategic or Co-development PartnerSustainable furniture provider supplying eco-friendly furnishings for TWC spaces. Featured at Singapore FinTech Festival 2023 co-working booth alongside Flokk.
• AspireminorGTM or Marketing PartnerFinancial services partner offering TWC members 10% cash-back for new sign-ups and 1% unlimited cash-back on card spending.
• OsomeminorGTM or Marketing PartnerBusiness services partner offering TWC members 16% off their first invoice for company incorporation and compliance services.
• RentlyminorGTM or Marketing PartnerRental services partner enabling TWC members to enjoy deposit-free rental arrangements.
• Multiple F&B & Lifestyle PartnersminorGTM or Marketing Partner50+ neighborhood partner businesses including restaurants (Tipo Strada, Chez Suzette, ANTO Pizzeria), cafes (Baristart Coffee), bars (Foxtail, Parliament Bar), fitness (Cold Plunge SG, Be Studios, The Yoga House), hotels (Ann Siang House), and retail (Benjamin Barker, Castlery). Members receive discounts ranging from 5-20% at participating locations.
• Sam Lo (Artist)minorStrategic or Co-development PartnerSingapore artist who created the iconic mural at Shake Shack 89 Neil Road, weaving narrative capturing location's Tiger Balm Factory history with hidden twin tigers.
• Singapore FinTech FestivalflagshipGTM or Marketing PartnerOfficial community partner for 2023 Singapore FinTech Festival (66,000 participants). TWC participated across Founder's Peak (CEO Ben Gattie speaking), ESG Panel Stage, and sustainable co-working booth. Strategic platform for brand visibility and community engagement.
• Fiidaa ArtsminorStrategic or Co-development PartnerArt partnership displaying 28 Frames exhibition at TWC co-working hubs at 1 Keong Saik and 39 Ann Siang as tribute to SG60 celebration. Exhibition runs until September 2025.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• IWG (Regus, Spaces, HQ): World's largest flexible-workspace operator with multiple brands in Singapore; competes on enterprise contracts and global access passes, broader scale but less heritage/specialty positioning than TWC.

Direct peers

• WeWork: Global co-working operator with Singapore locations; competes directly with TWC for enterprise and SMB flexible-workspace customers, though WeWork operates standardized Grade A floors rather than heritage shophouses.
• JustCo: Singapore-headquartered co-working operator with multiple CBD locations; closest regional direct competitor to TWC for flexible memberships and enterprise offices.
• Rocketplace: Singapore-based co-working operator with multiple CBD locations; competes for the same SMB and mid-market flexible-workspace segment as TWC's WorkSpot and WorkDesk tiers.
• The Executive Centre: Premium serviced and virtual office provider across Asia; directly comparable to TWC's WorkConnect virtual address and WorkSpace private office offerings in the enterprise segment.
• The Hive: Asia-based co-working operator with heritage and design-led locations (e.g., Bangkok, Singapore); comparable design/community orientation and target customer mix.
• Servcorp: Premium virtual office and serviced office operator with strong Singapore presence; competes most directly with TWC's WorkConnect and WorkSpace tiers for enterprise and virtual clients.

Others

• Triple P Partners (parent group): Parent real estate group focused on conservation properties; relevant as the upstream landlord/operating group that controls TWC's property pipeline and capital allocation.

Emerging players

• Lobe Space: Singapore boutique co-working operator; smaller and more design-oriented than TWC, but overlaps on flexible memberships for startups and small teams.

Regional players

• Common Ground (WORK.PLAY): Malaysia-headquartered co-working chain expanding into Southeast Asia; comparable tiered membership and enterprise offerings, though currently focused on KL rather than Singapore.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/theworkingcapitol
• LinkedInlinkedin.com/company/the-working-capitol
• Instagraminstagram.com/theworkingcapitol
• Xx.com/workingcapitol

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Working Capitol