The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Found at 300 to 320 Tanglin Road, the 610,487 sq ft site is equal in dimension to eight soccer fields. It consists of 33 conserved colonial-era black-and-white buildings dispersed throughout the place, with surface car and motorcycle parking garage.
The addition of Phoenix Park are going to expand TAP’s working and pipeline portfolio, which currently comprises more than 3,400 keys across 100 places and almost 1,500 keys under development. The group is focus on an account of 10,000 keys by 2030.
Oh Boon Shi, director and COO of TS Home, believes the transformed Phoenix Park site will also bring in community and international prospects seeking unique way of life and health events, as the centers will be available to the public.
Robertson Opus Frasers Property and Sekisui House
The plan will incorporate serviced flats and student lodging with health centers, sports services, eating channels and neighborhood spaces, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are anticipated to take control of the spot in October, with the very first stage planned to open up in 1Q2027, claims Eugene Lim, CEO of TAP.
TAP’s Lim states the site at Phoenix Park presents “a chance to redefine what community living suggests in Singapore”.
TS Home, a subsidiary of TS Group, secured the master occupancy for Phoenix Park with the greatest of seven proposals, offering an once a month lease of $404,888.
The project marks the JV’s third partnership– having actually worked on Singapore’s very first intergenerational co-living residence at the former Henderson Primary School, branded Commune @ Henderson, along with 3 sites under the Ministry of Health Holdings that were changed into purpose-built accommodation for foreign health care specialists.
SGX-listed co-living operator The Assembly Place (TAP) has developed a shared venture with TS Home to transform the historical Phoenix Park location right into Singapore’s biggest co-living destination, with more than 700 keys. TAP holds a 39% risk in the joint venture.
The tenancy, allocated by the Singapore Land Authority (SLA), has a first five-year term with a choice to renew for an additional 4 years. TS Group is a home-grown developer and operator of dormitories, boarding houses and massive area rooms.
Constructed in 1949, Phoenix Park was stated a historic spot by the National Heritage Board in 2012. The spot formerly 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.
