The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Situated at 300 to 320 Tanglin Road, the 610,487 sq ft location is equal in dimension to eight football fields. It consists of 33 conserved colonial-era black-and-white structures dispersed throughout the place, with surface car and motorcycle parking lots.
The project marks the JV’s 3rd collaboration– having worked on Singapore’s first intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, as well as 3 sites under the Ministry of Health Holdings that were switched into purpose-built accommodation for international healthcare professionals.
The tenancy, awarded by the Singapore Land Authority (SLA), has a first five-year term with an option to renew for a further 4 years. TS Group is a home-grown property developer and operator of dormitories, boarding houses and large area rooms.
The addition of Phoenix Park will expand TAP’s working and pipeline portfolio, which in turn presently consists of more than 3,400 keys throughout 100 areas and nearly 1,500 keys under development. The group is targeting an account of 10,000 keys by 2030.
The property will integrate serviced homes and college student accommodation with health establishments, sporting activities services, eating outlets and neighborhood spaces, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are anticipated to take over the spot in October, with the very first stage booked to open up in 1Q2027, says Eugene Lim, CEO of TAP.
SGX-listed co-living provider The Assembly Place (TAP) has actually developed a mutual 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.
Built in 1949, Phoenix Park was proclaimed 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 functioning as the Ministry of Home Affairs headquarters from 1977 to 2001.
TAP’s Lim says the site at Phoenix Park delivers “a chance to redefine what community living indicates in Singapore”.
Oh Boon Shi, supervisor and COO of TS Home, thinks the changed Phoenix Park site will certainly also draw in community and overseas guests pursuing unique way of living and health experiences, as the facilities will be accessible to the public.
TS Home, a branch of TS Group, protected the master occupancy for Phoenix Park with the top of seven offers, providing a monthly rental fee of $404,888.
