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Affordable Housing Is A Big Problem For Bachelors In Dhaka, Neways International Company, Founded By Two Chinese Entrepreneurs, Sees A Big Opportunity There

Oct 3, 2019

Neways International Company is a co-living company that offers housing solutions for singles in Dhaka. Founded by Zhang Li Guang, Managing Director, and Zhang Zhimin, Chief Operating Officer, two Chinese entrepreneurs, who came to see an opportunity in offering better living facilities for singles in Dhaka, the company says it aims to “transform the human habitation globally with revolutionary models and technologies.”

Founded in 2014 with two pilot projects, one in Aftabnagar and the other in Kathalbagan. After the success of its initial pilots, the company opened its first Super Hostel in Uttara in October 2017. Today it has 6 hostels across Dhaka and provides accommodation facilities to 12000 bachelors. The company offers managed living space to bachelors for monthly and daily fees, tk. 7000-8000 to tk. 233-266, respectively.

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Ayrin Saleha Ria is an undergrad student currently studying Applied Sociology at ASA University Bangladesh. She takes a deep interest in human society and behavioral science and loves reading. She works at FS as a Community Management Fellow and writes about interesting companies.

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