The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Oh Boon Shi, director and COO of TS Home, believes the changed Phoenix Park site will also attract community and overseas visitors seeking unique way of living and health events, as the facilities are going to be available to the general public.
The occupancy, awarded 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 dorms, boarding residences and large neighborhood rooms.
TAP’s Lim states the location at Phoenix Park delivers “a possibility to redefine what community living means in Singapore”.
Integrated in 1949, Phoenix Park was stated a historical place by the National Heritage Board in 2012. The site previously 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.
SGX-listed co-living provider The Assembly Place (TAP) has created a mutual project 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% risk in the joint venture.
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The addition of Phoenix Park are going to expand TAP’s operational and pipeline accounts, which presently makes up greater than 3,400 keys across 100 places and almost 1,500 keys under development. The group is focus on a portfolio of 10,000 keys by 2030.
Found at 300 to 320 Tanglin Road, the 610,487 sq ft area is equivalent in dimension to 8 football fields. It comprises 33 conserved colonial-era black-and-white buildings spread out throughout the place, with surface area car and motorcycle parking lots.
TS Home, a subsidiary of TS Group, safeguarded the master tenancy for Phoenix Park with the best of seven bids, offering a regular monthly rental fee of $404,888.
The plan will integrate serviced homes and student accommodation with wellness centers, sports features, dining outlets and area rooms, creating a live-work-wellness ecosystem throughout the heritage precinct. The JV partners are expected to take control of the location in October, with the initial phase planned to open up in 1Q2027, says Eugene Lim, CEO of TAP.
The project marks the JV’s third collaboration– having actually worked on Singapore’s very first intergenerational co-living home at the former Henderson Primary School, branded Commune @ Henderson, along with 3 sites under the Ministry of Health Holdings that were switched into purpose-built lodging for foreign healthcare professionals.
