IN THE NEWS

How do young adults cope with the increase in rentals? How is co-living more affordable and where can they find a community they can belong to? Hui Wong speaks with Eugenio Ferrate and Ahmed Shaariq Nizar founders of Casa Mia to find out how they are tackling this housing dilemma for Gen Zs and Millennials. 

Vulcan Post spoke with Eugenio Ferrante and Ahmed Shaariq Nizar, the founders of co-living operator Casa Mia, to find out more about the common challenges faced by expats in their house search, why co-living properties are a viable option for them, as well as how Casa Mia simplifies the process while adapting to the ever-changing nature of Singapore’s housing market.

In this episode of Mind Your Business, the Breakfast Show invites Casa Mia Coliving co-founders Eugenio Ferrante and Ahmed Nizar, who are rethinking housing by focusing on something often overlooked: belonging. From their psychology-based housemate matching to simple shared rituals, they share how they’ve built one of the fastest-growing coliving companies in Singapore and why they believe the future of housing is as much about community as convenience.

We’re proud to be featured at #18 in The Financial Times and Statista’s list of the fastest-growing companies in the Asia-Pacific region. It recognizes the growth Casa Mia Coliving showed from 2020 to 2023. This highlights our commitment to redefining coliving for young professionals and students, focusing on affordability, flexibility, and community-driven living in the region.

From its inception, Casa Mia catered to a growing need: affordable and community-focused solutions for individuals early in their careers. “We focus on making sure that we are sustainable from a financial perspective from the beginning; we did not really rely on a lot of external capital for growth.” ~ Eugenio Ferrante

The Straits Times and Statista’s 2025 list recognizes 100 businesses achieving exceptional revenue growth from 2020 to 2023. Highlighting industries like IT, finance, real estate, and co-living, the ranking showcases Singapore’s dynamic and resilient business landscape.

Casa Mia Coliving thrives in the growing coliving market, offering a seamless blend of private and communal living spaces. With a 90% occupancy rate and over $7M in annual revenue, it showcases both social and financial success.

"Amidst soaring rental and property prices is the trend of co-living, in which young professionals move in with like-minded people to co-rent a space." Listen to Junus and Eugenio discuss everything coliving.

"Ballooning residential rentals have led to a surge of interest in co-living properties, say Singapore operators, with tenants reassessing their budgets as asking rents escalate."

Singapore’s Casa Mia Coliving secures $1.3M strategic seed funding to accelerate expansion

Recent happenings at Casa Mia Coliving. Co-founders Eugenio Ferrante and Ahmed Shaariq Nizar discuss the motivations behind creating a coliving company, leveraging tech to enhance member experience and much more.

"Prospective lessors, also known as members of Casa Mia Coliving, will now be required to complete a pre-selection questionnaire that will enable the company to recommend suitable homes based on their profiles."

"Singapore-based Casa Mia Coliving has raised US$400,000 in pre-seed funding from angel investors in Singapore, Italy, Qatar, and the US.

“Many of our members find the flexible commitment appealing. It’s one less thing to worry about during this pandemic when you’re new to the city.”

"We selected cohort-4 from 500 startups from 30 countries, a record number of applications for us that shows the demand for a Singapore-based accelerator with an international footprint.”