The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
TAP’s Lim claims the location at Phoenix Park presents “a chance to redefine what community living indicates in Singapore”.
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft area is equivalent in dimension to eight soccer fields. It comprises 33 conserved colonial-era black-and-white buildings spread throughout the site, with surface area car and motorcycle parking lots.
SGX-listed co-living operator The Assembly Place (TAP) has created a shared venture with TS Home to transform the historic Phoenix Park location right into Singapore’s biggest co-living destination, with more than 700 keys. TAP holds a 39% claim in the shared venture.
TS Home, a subsidiary of TS Group, protected the master occupancy for Phoenix Park with the greatest of 7 proposals, providing an once a month lease of $404,888.
Integrated in 1949, Phoenix Park was proclaimed a historic spot by the National Heritage Board in 2012. The site formerly housed the British Far East Command and the British High Commission prior to serving as the Ministry of Home Affairs head office from 1977 to 2001.
Oh Boon Shi, director and COO of TS Home, believes the transformed Phoenix Park site will certainly also attract local and international visitors looking for unique way of life and wellness experiences, as the centers are going to be open to the general public.
The occupancy, granted by the Singapore Land Authority (SLA), has a first five-year term with an option to renew for a further 4 years. TS Group is a home-grown developer and operator of dormitories, boarding homes and massive neighborhood spaces.
The property is going to incorporate serviced flats and undergraduate lodging with health amenities, sports amenities, eating channels and community spaces, creating a live-work-wellness ecosystem within the heritage precinct. The JV partners are expected to take over the spot in October, with the first stage booked to open in 1Q2027, states Eugene Lim, Chief Executive Officer of TAP.
The addition of Phoenix Park are going to broaden TAP’s working and pipeline portfolio, which currently comprises more than 3,400 keys throughout 100 areas and almost 1,500 keys under development. The group is targeting an account of 10,000 keys by 2030.
The project notes the JV’s 3rd partnership– having actually worked on Singapore’s very first intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, in addition to three websites under the Ministry of Wellness Holdings that were changed into purpose-built holiday accommodation for foreign medical care professionals.
