The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination

SGX-listed co-living operator The Assembly Place (TAP) has actually created a mutual venture with TS Home to transform the historic Phoenix Park site right into Singapore’s largest co-living destination, with more than 700 keys. TAP holds a 39% risk in the joint venture.

The project marks the JV’s 3rd alliance– having worked on Singapore’s first intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, in addition to three sites under the Ministry of Wellness Holdings that were changed into purpose-built holiday accommodation for foreign health care professionals.

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The property will incorporate serviced flats and student lodging with health centers, sports services, dining channels and community spaces, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are anticipated to take control of the location in October, with the first phase booked to open in 1Q2027, claims Eugene Lim, Chief Executive Officer of TAP.

TS Home, a branch of TS Group, protected the master occupancy for Phoenix Park with the best of seven proposals, offering an once a month lease of $404,888.

Situated at 300 to 320 Tanglin Road, the 610,487 sq ft area is equivalent in size to eight soccer fields. It comprises 33 conserved colonial-era black-and-white buildings dispersed across the site, with surface car and motorcycle parking area.

Integrated in 1949, Phoenix Park was stated a historic spot by the National Heritage Board in 2012. The area in the past housed the British Far East Command and the British High Commission before acting as the Ministry of Home Affairs main office from 1977 to 2001.

Oh Boon Shi, supervisor and COO of TS Home, thinks the changed Phoenix Park site will certainly also attract community and international prospects seeking unique way of living and wellness experiences, as the facilities are going to be available to the public.

TAP’s Lim says the location at Phoenix Park presents “a chance to redefine what community living suggests in Singapore”.

The addition of Phoenix Park are going to increase TAP’s in service and pipeline accounts, which currently makes up greater than 3,400 keys throughout 100 areas and nearly 1,500 keys under development. The group is targeting a portfolio of 10,000 keys by 2030.

The tenancy, allocated by the Singapore Land Authority (SLA), has an initial five-year term with a choice to renew for a further 4 years. TS Group is a home-grown developer and driver of dorm rooms, boarding houses and massive neighborhood rooms.