The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft area is equal in size to eight soccer fields. It consists of 33 conserved colonial-era black-and-white structures spread out throughout the site, with surface area car and motorcycle parking garage.
The project will integrate serviced homes and college student accommodation with wellness amenities, sporting activities amenities, eating outlets and community 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 very first phase planned to open in 1Q2027, says Eugene Lim, Chief Executive Officer of TAP.
The project marks the JV’s third partnership– having worked on Singapore’s first intergenerational co-living residence at the former Henderson Primary School, branded Commune @ Henderson, as well as 3 websites under the Ministry of Wellness Holdings that were switched into purpose-built holiday accommodation for foreign medical care experts.
The addition of Phoenix Park will broaden TAP’s working and pipeline accounts, which in turn currently makes up greater than 3,400 keys across 100 places and almost 1,500 keys under development. The group is targeting a portfolio of 10,000 keys by 2030.
The tenancy, granted by the Singapore Land Authority (SLA), has a preliminary five-year term with a choice to renew for an additional four years. TS Group is a home-grown developer and operator of dorm rooms, boarding residences and large-scale community rooms.
TS Home, a branch of TS Group, secured the master occupancy for Phoenix Park with the top of seven bids, offering a monthly rental fee of $404,888.
SGX-listed co-living operator The Assembly Place (TAP) has actually formed a mutual project with TS Home to transform the historical Phoenix Park location right into Singapore’s biggest co-living destination, with greater than 700 keys. TAP holds a 39% claim in the joint venture.
Oh Boon Shi, director and COO of TS Home, thinks the transformed Phoenix Park site will certainly also draw in community and overseas guests pursuing unique lifestyle and health events, as the centers will be accessible to the public.
TAP’s Lim claims the location at Phoenix Park presents “a chance to redefine what community living suggests in Singapore”.
Built in 1949, Phoenix Park was stated a historical spot by the National Heritage Board in 2012. The site formerly housed the British Far East Command and the British High Commission prior to working as the Ministry of Home Affairs main office from 1977 to 2001.
