The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
The occupancy, awarded by the Singapore Land Authority (SLA), has a preliminary five-year term with an option to renew for an additional four years. TS Group is a home-grown developer and operator of dorm rooms, boarding houses and large-scale neighborhood places.
TAP’s Lim claims the location at Phoenix Park presents “a chance to redefine what community living indicates in Singapore”.
The project notes the JV’s 3rd alliance– having actually worked on Singapore’s first intergenerational co-living residence at the former Henderson Primary School, branded Commune @ Henderson, as well as three sites under the Ministry of Health Holdings that were switched into purpose-built lodging for foreign health care specialists.
The enhancement of Phoenix Park will expand TAP’s in service and pipeline accounts, which currently consists of greater than 3,400 keys across 100 locations and almost 1,500 keys under development. The group is focus on an account of 10,000 keys by 2030.
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft location is equivalent in dimension to eight soccer areas. It makes up 33 conserved colonial-era black-and-white buildings spread out throughout the place, with surface area car and motorcycle parking area.
Oh Boon Shi, supervisor and COO of TS Home, believes the changed Phoenix Park site will also entice local and overseas guests seeking unique lifestyle and health events, as the facilities will be open to the public.
Built in 1949, Phoenix Park was stated a historic spot by the National Heritage Board in 2012. The spot in the past housed the British Far East Command and the British High Commission before working as the Ministry of Home Affairs head office from 1977 to 2001.
TS Home, a branch of TS Group, protected the master tenancy for Phoenix Park with the greatest of seven bids, offering an once a month lease of $404,888.
SGX-listed co-living provider The Assembly Place (TAP) has actually created a mutual project with TS Home to transform the historical Phoenix Park location into Singapore’s largest co-living destination, with more than 700 keys. TAP holds a 39% risk in the joint venture.
The project is going to integrate serviced houses and student accommodation with wellness establishments, sports features, dining outlets and neighborhood rooms, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are expected to take over the spot in October, with the very first phase planned to open in 1Q2027, claims Eugene Lim, CEO of TAP.
