CHECK OUT THESE HOT COLIVING SPACES
Tenants can ditch their weekly cleaning and utility bills through the help of reliable community managers.
Wsingaporeans ith monthly rents ranging $800-$2,200 per month, coliving spaces provide an alternative housing option for
who have long been burdened by the costly housing market in the city. These spaces allow tenants to share rooms and apartments to build relationships and interactions amongst its tenants as they live with people with the same hobbies and interests. “On the offset, co-living spaces like “privatised” communal hostels, and hover somewhere slightly below the traditional full package offered by private home rentals and service apartments,” explained Hector Tan, head of marketing and communications, Huttons Asia “Some people may still prefer having the full privacy of common living areas that private apartments offer. There is that level of assuredness and freedom. Whereas in co-living spaces, one may have to share common living areas with other tenants.” For Ong Choon Fah, CEO of Edmund Tie & Company (ET&CO), “co-living concept and lifestyle offers an appealing alternative to millennials and professionals, thus the outlook for coliving concept appears positive.”
This was also echoed by Rohit Hemnani, COO & head of alternatives, capital markets at JLL Asia Pacific. “In the near term, millennial expats are likely to be the main occupiers, although the list of users could be expanded to include other groups such as foreign students, or even seniors, as the concept could appeal to a broader age spectrum beyond expat or local millennials,” Hemnani said.
“Co-living is becoming a trend as the younger generation cherish memories and experiences as assets rather than physical ones,” Wendy Yap, owner of CP Residences said. Singapore Business Review compiled a list of the hottest co-living spaces in the city. Luz Wendy Noble
Co-living spaces promises a ‘community’ for newcomers in Singapore.