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 area is equivalent in dimension to eight football fields. It makes up 33 conserved colonial-era black-and-white buildings spread across the place, with surface area car and motorcycle parking garage.
Built in 1949, Phoenix Park was declared a historic site by the National Heritage Board in 2012. The area previously housed the British Far East Command and the British High Commission before working as the Ministry of Home Affairs central office from 1977 to 2001.
The property is going to integrate serviced apartments and student accommodation with wellness facilities, sports features, eating avenues and community spaces, creating a live-work-wellness ecosystem throughout the heritage precinct. The JV partners are expected to take control of the location in October, with the initial phase scheduled to open in 1Q2027, says Eugene Lim, Chief Executive Officer of TAP.
Springleaf Residence showflat location
The addition of Phoenix Park are going to broaden TAP’s working and pipeline portfolio, which currently makes up more than 3,400 keys throughout 100 locations and almost 1,500 keys under development. The group is focus on a portfolio of 10,000 keys by 2030.
TS Home, a branch of TS Group, secured the master occupancy for Phoenix Park with the best of 7 bids, offering an once a month lease of $404,888.
The project notes the JV’s 3rd collaboration– having worked on Singapore’s initial intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, as well as three sites under the Ministry of Health And Wellness Holdings that were switched into purpose-built holiday accommodation for international healthcare professionals.
Oh Boon Shi, director and COO of TS Home, believes the transformed Phoenix Park site will also attract community and overseas prospects seeking unique way of life and wellness events, as the centers will be accessible to the public.
The occupancy, 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 developer and operator of dorms, boarding homes and large-scale neighborhood places.
TAP’s Lim says the location at Phoenix Park delivers “a possibility to redefine what community living implies in Singapore”.
SGX-listed co-living operator The Assembly Place (TAP) has actually developed a mutual venture with TS Home to transform the historic Phoenix Park site right into Singapore’s biggest co-living destination, with greater than 700 keys. TAP holds a 39% stake in the joint venture.
