'I wanted a different space on my own': Co-living spaces gaining ground in Singapore

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SINGAPORE: Having worked from home for more than a year, Ms Cherie Lim was ready for a change of environment. The 26-year-old account executive in the software industry wanted to experience the independence of living apart from her parents in their terrace house. “I would have to do things

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SINGAPORE: Having worked from home for more than a year, Ms Cherie Lim was ready for a change of environment.

Renting a Housing Board flat or a condominium unit was out of the question for her as she wanted more space. They each have their own room that comes attached with a bathroom. Each room also has a desk, a queen-size bed and a pantry equipped with a fridge and a microwave oven. The house also has a living room and two large kitchenettes, which double up as communal areas where the residents interact and can have guests over.Ms Lim is part of a growing number of locals moving out and opting for co-living spaces.

“Co-living spaces have seen an increase in demand with more people moving out of their homes due to a variety of reasons – lack of privacy at home, BTO delays and even to achieve independence from family, which is a recent trend we are observing in millennials,” she said.The Assembly Place, another firm in the industry, has seen a 30 per cent increase in demand from locals compared to pre-pandemic times, while the demand at Figment has doubled from 10 to 20 per cent in the same time frame.

Cove similarly sees such a trend, with at least 72 per cent of local tenants living on their own, said Ms Jokelson.A co-living space by Hmlet. Most of the tenants at The Assembly Place are working professionals in finance or start-ups, said the firm’s director Eugene Lim. They are mostly in their early 20s to mid-20s, he added.

“There must be a need that’s fuelling the demand – combination of a need for privacy, more space or couples waiting for their flats to be completed,” he said.

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