After some tumult regarding it’s initial public offering and then the pandemic, the co-working giant WeWork’s future seemed uncertain. 

(photo credit Forbes)

Co-working though, as evidenced by all of CoreNet Global’s tracking surveys during the pandemic, was never projected to decline significantly by corporate real estate professionals.  

Now both may be reemerging. 

According to ForbesWeWork—controlled by billionaire Masayoshi Son’s SoftBank Group—has unveiled its flagship office tower in Singapore as the company expands in the Asian financial hub, which is among its fastest growing markets.

Apart from Singapore, London, New York, San Francisco and Sydney are among WeWork’s key markets, according toBalder Tol, WeWork’s general manager for Australia and Southeast Asia. WeWork 21 Collyer Quay, a 21-story skyscraper previously occupied by HSBC has a gross floor area of over 220,000 square feet (20,400 square meters), making it the firm’s largest facility in Asia Pacific. With 14 locations across Singapore, the city-state accounts for about half of the company’s total office space in Asia Pacific and is a key contributor to the company’s growth, according to the article. 

“We’ve publicly committed to reaching full profitability by year-end as a global organization and Singapore as a market is a core contributor to that target,” said Tol. Last month, the company reported that its net loss narrowed 31% to $635 million in the second quarter from the year before as revenue rose 37% to $815 million.