The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
The enhancement of Phoenix Park are going to increase TAP’s operational and pipeline accounts, which presently consists of greater than 3,400 keys across 100 locations and nearly 1,500 keys under development. The group is focus on a portfolio of 10,000 keys by 2030.
The plan is going to incorporate serviced houses and college student accommodation with wellness centers, sporting activities amenities, eating avenues and neighborhood spaces, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are expected to take over the location in October, with the very first stage scheduled to open in 1Q2027, says Eugene Lim, CEO of TAP.
The project notes the JV’s 3rd alliance– having actually worked on Singapore’s initial intergenerational co-living house at the previous Henderson Primary School, branded Commune @ Henderson, in addition to 3 sites under the Ministry of Health And Wellness Holdings that were switched into purpose-built accommodation for foreign health care experts.
Found at 300 to 320 Tanglin Roadway, the 610,487 sq ft site is equal in size to eight football fields. It comprises 33 conserved colonial-era black-and-white structures spread out across the place, with surface car and motorcycle parking garage.
SGX-listed co-living provider The Assembly Place (TAP) has created a shared venture with TS Home to transform the historical Phoenix Park site right into Singapore’s biggest co-living destination, with more than 700 keys. TAP holds a 39% claim in the shared venture.
Newport Residences showflat location
Integrated in 1949, Phoenix Park was stated a historic spot by the National Heritage Board in 2012. The site in the past housed the British Far East Command and the British High Commission before acting as the Ministry of Home Affairs head office from 1977 to 2001.
TS Home, a subsidiary of TS Group, safeguarded the master occupancy for Phoenix Park with the top of seven offers, offering an once a month rental fee of $404,888.
TAP’s Lim says the site at Phoenix Park presents “a possibility to redefine what community living means in Singapore”.
The occupancy, awarded by the Singapore Land Authority (SLA), has a preliminary five-year term with an option to renew for a more 4 years. TS Group is a home-grown property developer and driver of dorms, boarding residences and large-scale neighborhood rooms.
Oh Boon Shi, director and COO of TS Home, believes the changed Phoenix Park site will certainly also draw in local and foreign guests pursuing unique lifestyle and wellness experiences, as the facilities are going to be accessible to the public.
