The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Built in 1949, Phoenix Park was proclaimed a historic spot by the National Heritage Board in 2012. The area formerly 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.
The addition of Phoenix Park will broaden TAP’s operational and pipeline accounts, which currently makes up greater than 3,400 keys across 100 areas and virtually 1,500 keys under development. The group is focus on an account of 10,000 keys by 2030.
The tenancy, allocated by the Singapore Land Authority (SLA), has a preliminary five-year term with a choice to renew for an additional 4 years. TS Group is a home-grown property developer and operator of dormitories, boarding houses and large-scale area rooms.
Situated at 300 to 320 Tanglin Road, the 610,487 sq ft location is equal in size to 8 football areas. It consists of 33 conserved colonial-era black-and-white structures spread out throughout the site, with surface area car and motorcycle parking lots.
TS Home, a subsidiary of TS Group, protected the master occupancy for Phoenix Park with the highest of seven offers, offering an once a month lease of $404,888.
The project is going to integrate serviced houses and college student accommodation with health facilities, sporting activities features, eating channels and neighborhood spaces, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are expected to take control of the site in October, with the initial stage booked to open up in 1Q2027, says Eugene Lim, CEO of TAP.
TAP’s Lim states the location at Phoenix Park shows “a possibility to redefine what community living implies in Singapore”.
The project notes the JV’s third alliance– having actually worked on Singapore’s very first intergenerational co-living residence at the former Henderson Primary School, branded Commune @ Henderson, as well as three websites under the Ministry of Wellness Holdings that were changed into purpose-built holiday accommodation for foreign health care professionals.
Oh Boon Shi, director and COO of TS Home, thinks the changed Phoenix Park site will also draw in community and foreign visitors pursuing unique lifestyle and health experiences, as the facilities are going to be accessible to the general public.
SGX-listed co-living operator The Assembly Place (TAP) has actually formed a mutual 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 mutual venture.
