The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
The property is going to incorporate serviced homes and student lodging with wellness establishments, sporting activities features, dining outlets and neighborhood areas, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are anticipated to take over the site in October, with the very first phase planned to open up in 1Q2027, claims Eugene Lim, Chief Executive Officer of TAP.
Oh Boon Shi, supervisor and COO of TS Home, thinks the transformed Phoenix Park site will also attract local and overseas guests pursuing unique way of living and wellness events, as the facilities will be accessible to the general public.
The project marks the JV’s 3rd partnership– having worked on Singapore’s very first intergenerational co-living home at the former Henderson Primary School, branded Commune @ Henderson, in addition to 3 websites under the Ministry of Wellness Holdings that were changed into purpose-built holiday accommodation for foreign healthcare specialists.
TAP’s Lim says the site at Phoenix Park shows “a chance to redefine what community living indicates in Singapore”.
SGX-listed co-living operator The Assembly Place (TAP) has created a shared venture with TS Home to transform the historic Phoenix Park location into Singapore’s largest co-living destination, with greater than 700 keys. TAP holds a 39% stake in the shared venture.
TS Home, a subsidiary of TS Group, safeguarded the master occupancy for Phoenix Park with the top of seven proposals, offering a regular monthly rent of $404,888.
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft area is equivalent in dimension to 8 soccer areas. It comprises 33 conserved colonial-era black-and-white buildings extended across the site, with surface area car and motorcycle parking area.
The enhancement of Phoenix Park will broaden TAP’s operational and pipeline portfolio, which in turn currently consists of greater than 3,400 keys across 100 locations and virtually 1,500 keys under development. The group is focus on a portfolio of 10,000 keys by 2030.
Built in 1949, Phoenix Park was declared a historical spot by the National Heritage Board in 2012. The spot formerly housed the British Far East Command and the British High Commission prior to acting as the Ministry of Home Affairs headquarters from 1977 to 2001.
The tenancy, allocated by the Singapore Land Authority (SLA), has a preliminary five-year term with an option to renew for a more 4 years. TS Group is a home-grown property developer and operator of dormitories, boarding homes and massive neighborhood rooms.
