The flagship 550-unit Weave Suites project is set to be one of the largest rental accommodation offerings in Seoul’s CBD, slated to open in mid-2030
(July 9, 2026, APAC) – WEAVE LIVING (“Weave”), Asia Pacific’s pre-eminent living sector specialist, today announced a partnership with TPG Asia Real Estate (“TPG”, formerly TPG Angelo Gordon Asia Real Estate), to acquire and develop a new purpose-built rental accommodation development featuring hybrid living in Sungin-dong, Jongno-gu, a prime area in Seoul. This marks the second institutional partnership between Weave Living and TPG, successfully extending their collaboration from Hong Kong to South Korea.
The 48-month development will allow a rare and highly valuable hybrid use between both long-stay and flexible-stay demand in the city. Scheduled for completion in mid-2030, the asset will be positioned under the premium Weave Suites brand. This flagship property represents Weave Living’s eighth location under its signature serviced apartment brand, joining a portfolio across Hong Kong, Singapore, Seoul, and Sydney.
Sachin Doshi, Founder and Group CEO of Weave Living, said:
“This is our first greenfield development in Seoul, and we are excited to deepen our partnership with TPG to accelerate our portfolio expansion across the Asia Pacific region. With this significant milestone, Weave Living continues to solidify its leadership position in South Korea’s institutional rental housing sector by delivering highly curated accommodation solutions. We are proud to design, conceive, and deliver what we believe will set a new benchmark for the living sector in South Korea when the new Weave Suites opens in mid-2030.
“This new partnership stands as a testament to our on-the-ground design, development, management, and operational expertise in South Korea. It reflects the rapid market recognition Weave Living has established as the sector pioneer since entering the South Korean market in 2024.”
Sachin Doshi, Founder and Group CEO of Weave Living
“As Seoul continues to strengthen its position as a global business and cultural hub, there is a clear and growing demand for high-quality, institutional-grade living spaces. We are excited to once again partner with Weave and look forward to working together to actively execute and deliver on creating a world-class residential product in Korea.”
Steven Cha, Head of TPG Asia Real Estate
Strategically located in Sungin-dong, Jongno-gu, the 2,027-square-metre site is positioned at the convergence of Seoul’s Central Business District (CBD), Dongdaemun, and the city’s prominent university cluster. Offering exceptional accessibility across northern Seoul, the site sits a mere two-minute walk from Sinseol-dong Station and just steps from Dongmyo station (Lines 1, 2, 6, and Ui-Sinseol LRT). Beyond its reputation as a vintage market, Dongmyo has evolved into a vibrant cultural hub that attracts a highly diverse, active demographic, from Gen Z digital natives to travellers seeking to explore the local Korean vibe. This highly connected location makes this development uniquely suited to capture a diverse, high-value demand base, including corporate tenants, young professionals, education-associated renters, and domestic and international business travellers.
The new property will provide approximately 550 units, featuring fully-furnished, design-forward accommodations. The units are thoughtfully designed to cater to sophisticated urban renters desiring an elevated living experience, as well as business and leisure travellers seeking a home-like stay with the creature comforts of a refined hotel.
As with all Weave Suites properties, residents will have exclusive access to premium amenities including co-working spaces, meeting areas, family-friendly zones, gym and wellness areas, retail facilities, and parking. Residents will also benefit from a seamless, fully-digital leasing journey, while being able to manage all aspects of their stay via the Weave Living App, significantly enhancing the renting experience from initial search to move-in, renewal and move-out.
This latest partnership with TPG follows Weave Living’s recent announcement of a collaboration with global investment manager Nuveen in Seoul, as well as the 2025 vintage Weave Living Korea Rental Housing Venture I, a USD450 million core-plus venture alongside a leading global sovereign wealth investor. Capitalising on its proprietary deal pipeline, Weave expects to announce multiple new acquisitions in Seoul over the coming months as it continues to actively invest into the city’s fast-growing institutional living sector.