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 developed a joint project with TS Home to transform the historic Phoenix Park location into Singapore’s biggest co-living destination, with greater than 700 keys. TAP holds a 39% claim in the joint venture.
TAP’s Lim claims the location at Phoenix Park shows “a possibility to redefine what community living means in Singapore”.
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft area is equivalent in size to eight football areas. It makes up 33 conserved colonial-era black-and-white structures dispersed throughout the place, with surface area car and motorcycle parking garage.
The project marks the JV’s third partnership– having worked on Singapore’s first intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, in addition to three websites under the Ministry of Health Holdings that were converted into purpose-built holiday accommodation for international health care experts.
Built in 1949, Phoenix Park was declared a historical spot by the National Heritage Board in 2012. The spot in the past housed the British Far East Command and the British High Commission before serving as the Ministry of Home Affairs main office from 1977 to 2001.
The occupancy, allocated by the Singapore Land Authority (SLA), has a preliminary five-year term with a choice to renew for a further four years. TS Group is a home-grown property developer and driver of dormitories, boarding residences and massive community places.
TS Home, a subsidiary of TS Group, secured the master occupancy for Phoenix Park with the greatest of 7 proposals, offering a monthly lease of $404,888.
Oh Boon Shi, supervisor and COO of TS Home, believes the changed Phoenix Park site will certainly also attract local and foreign prospects pursuing unique way of life and health experiences, as the facilities are going to be available to the public.
The addition of Phoenix Park will broaden TAP’s operational and pipeline accounts, which currently consists of more than 3,400 keys across 100 locations and almost 1,500 keys under development. The group is focus on a portfolio of 10,000 keys by 2030.
The plan will incorporate serviced homes and undergraduate accommodation with health centers, sports facilities, eating channels and area areas, creating a live-work-wellness ecosystem within the heritage precinct. The JV partners are anticipated to take control of the spot in October, with the initial phase planned to open up in 1Q2027, says Eugene Lim, Chief Executive Officer of TAP.
