House 223 ‘Micro-Residence’: Boutique-hotel living meets Geylang heritage ($2,300 to $2,700 a month)
A brand-new residential concept featuring 15 fully self-contained micro-residences.
By Home & Decor Team -
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A Singapore real estate firm ABIEL Property Investment Fund (ABIEL) has acquired three adjoining conservation shophouses at 223, 225, and 227 Geylang Road for $18.68 million.
The properties are being converted into ‘House 223’, a brand-new residential concept featuring 15 fully self-contained micro-residences. Slated to open in September 2026, the 12,957 sq ft development aims to target an underserved market: international professionals on medium-term postings (3 to 24 months).
223 Geylang Road before the reconstruction and renovation works.
Render of rear facade of House 223.
Mini Boutique Apartments
What is a “Micro-Residence” at House 223? Spanning roughly 200 sq ft, each unit at House 223 is designed as a standalone mini-boutique apartment rather than a standard rental room. Every unit comes fully furnished and move-in ready - with zero setup work, utility setup, or additional furniture costs required
- Private Kitchenette & Laundry: Unlike standard rooms, residents get their own cooking and washing facilities.
- En-Suite Bathroom & Workspace: Dedicated private bath and work setups cater to remote-working professionals.
- Interior Design: Designed entirely in-house by ABIEL’s team, the interiors combine an industrial-loft, mid-century modern, and Japanese-inspired palette.
- Key materials include warm oak joinery, charcoal and forest-green accents, honed stone surfaces, and exposed steel.
- Pricing: Rents are expected to range between $2,300 and $2,700 per month.
Cross-sectional drawing of House of 223.
House 223 vs Hotels vs Co-Living
Singapore’s housing regulations enforce minimum stays (3 months for private residential, 6 months for HDBs). Meanwhile, short-term rentals like Airbnb are restricted.
House 223 is similar to that of co-living services. It bridges the gap between expensive short-term stays and overly rigid long-term leases.
| Accommodation | Minimum Stay | Facilities |
|---|---|---|
| Hotels | Nightly | Daily services |
| Serviced Apartments | Monthly | Daily services |
| Co-Living | 3 Months | Fully furnished |
| HDB rental | 6 Months | Partial or not furnished |
| Condo rental | 3 Months | Partial or not furnished |
| Micro-Residence | 3 Months | Move-in ready |
However, the biggest difference is the kitchens and living rooms - House 223 keeps living areas completely private. So you don’t have to share these daily facilities with other flat mates.
Render of front facade of House of 223.
Location: 223 - 227 Geylang Road
Historically known as Singapore’s legal red-light district (primarily located in the even-numbered lorongs further down), Geylang is changing. Over recent years, new condominium developments and commercial investment have steadily reshaped the strip into an accessible urban enclave.
Nearby famous local Singaporean food include dim sum, bak kut teh, frog leg porridge, to streetside durian stalls.
Maureen Li, CEO and Founder of ABIEL Property Investment Fund
Who is behind House 223?
The company behind House 223 is ‘ABIEL Property Investment Fund (ABIEL)’ - a Monetary Authority of Singapore (MAS)-licensed real estate investment firm. It was founded by CEO Maureen Li. ABIEL started in 2012 as a corporate housing provider before transitioning in 2020 into an owner-operated fund manager.
The firm focuses on freehold shophouses and industrial assets in Singapore. Notable developments include converting three terrace houses on Aljunied Road into a nine-storey light industrial building (81 Aljunied) and acquiring freehold conservation shophouses across Geylang and Jalan Pinang.