The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Constructed in 1949, Phoenix Park was declared a historical site by the National Heritage Board in 2012. The site in the past housed the British Far East Command and the British High Commission before working as the Ministry of Home Affairs headquarters from 1977 to 2001.
SGX-listed co-living provider The Assembly Place (TAP) has actually created a shared project with TS Home to transform the historic Phoenix Park site right into Singapore’s largest co-living destination, with more than 700 keys. TAP holds a 39% claim in the shared venture.
The addition of Phoenix Park will expand TAP’s working and pipeline portfolio, which currently comprises 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.
Found at 300 to 320 Tanglin Roadway, the 610,487 sq ft area is equal in dimension to eight football fields. It makes up 33 conserved colonial-era black-and-white buildings dispersed across the place, with surface car and motorcycle car park.
The plan is going to integrate serviced homes and college student lodging with health establishments, sports amenities, dining avenues and area areas, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are anticipated to take control of the site in October, with the very first phase scheduled to open in 1Q2027, states Eugene Lim, Chief Executive Officer of TAP.
The tenancy, awarded by the Singapore Land Authority (SLA), has an initial five-year term with a choice to renew for a more 4 years. TS Group is a home-grown developer and operator of dormitories, boarding homes and massive area rooms.
TS Home, a subsidiary of TS Group, safeguarded the master tenancy for Phoenix Park with the greatest of seven bids, providing an once a month lease of $404,888.
TAP’s Lim says the site at Phoenix Park shows “a chance to redefine what community living means in Singapore”.
Oh Boon Shi, supervisor and COO of TS Home, believes the transformed Phoenix Park site will also bring in community and international visitors seeking unique way of living and health events, as the centers are going to be available to the public.
The project notes the JV’s 3rd partnership– having worked on Singapore’s very first intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, in addition to 3 websites under the Ministry of Wellness Holdings that were switched into purpose-built lodging for foreign medical care experts.
