The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Located at 300 to 320 Tanglin Roadway, the 610,487 sq ft location is equal in size to 8 football areas. It consists of 33 conserved colonial-era black-and-white buildings extended across the site, with surface car and motorcycle parking area.
The project will integrate serviced flats and student lodging with health centers, sports facilities, eating channels and neighborhood rooms, creating a live-work-wellness ecosystem throughout the heritage precinct. The JV partners are expected to take over the spot in October, with the initial stage booked to open in 1Q2027, claims Eugene Lim, CEO of TAP.
TAP’s Lim claims the site at Phoenix Park delivers “an opportunity to redefine what community living implies in Singapore”.
SGX-listed co-living operator The Assembly Place (TAP) has actually developed a joint venture with TS Home to transform the historic Phoenix Park location right into Singapore’s biggest co-living destination, with greater than 700 keys. TAP holds a 39% risk in the shared venture.
Constructed in 1949, Phoenix Park was stated a historic site by the National Heritage Board in 2012. The spot in the past housed the British Far East Command and the British High Commission prior to acting as the Ministry of Home Affairs main office from 1977 to 2001.
TS Home, a subsidiary of TS Group, secured the master tenancy for Phoenix Park with the greatest of 7 proposals, offering a monthly lease of $404,888.
The tenancy, granted 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 dorms, boarding houses and large area places.
The project marks the JV’s 3rd partnership– having actually worked on Singapore’s initial intergenerational co-living home at the previous Henderson Primary School, branded Commune @ Henderson, as well as three sites under the Ministry of Wellness Holdings that were changed into purpose-built holiday accommodation for foreign health care professionals.
Oh Boon Shi, supervisor and COO of TS Home, believes the changed Phoenix Park site will also draw in local and foreign guests looking for unique lifestyle and health experiences, as the centers are going to be open to the general public.
The enhancement of Phoenix Park are going to expand TAP’s working and pipeline portfolio, which in turn presently comprises greater than 3,400 keys across 100 places and virtually 1,500 keys under development. The group is focus on an account of 10,000 keys by 2030.
