The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Constructed in 1949, Phoenix Park was proclaimed a historic place by the National Heritage Board in 2012. The area formerly housed the British Far East Command and the British High Commission prior to working as the Ministry of Home Affairs main office from 1977 to 2001.
TAP’s Lim claims the location at Phoenix Park presents “an opportunity to redefine what community living suggests in Singapore”.
The enhancement of Phoenix Park are going to increase TAP’s in service and pipeline portfolio, which in turn presently comprises greater than 3,400 keys across 100 areas and virtually 1,500 keys under development. The group is focus on a portfolio of 10,000 keys by 2030.
Promenade Peak showflat location
The project notes the JV’s 3rd partnership– having worked on Singapore’s first intergenerational co-living house at the previous Henderson Primary School, branded Commune @ Henderson, along with 3 websites under the Ministry of Wellness Holdings that were converted into purpose-built accommodation for foreign health care professionals.
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 into Singapore’s largest co-living destination, with more than 700 keys. TAP holds a 39% claim in the shared venture.
The occupancy, granted by the Singapore Land Authority (SLA), has an initial five-year term with an option to renew for an additional 4 years. TS Group is a home-grown developer and driver of dorm rooms, boarding residences and large area spaces.
Situated at 300 to 320 Tanglin Road, the 610,487 sq ft site is equal in size to eight football fields. It consists of 33 conserved colonial-era black-and-white structures extended across the site, with surface car and motorcycle parking lots.
Oh Boon Shi, director and COO of TS Home, believes the transformed Phoenix Park site will certainly also draw in community and international prospects pursuing unique way of life and health events, as the centers are going to be open to the general public.
The project is going to integrate serviced houses and undergraduate lodging with health centers, sports features, eating outlets and neighborhood areas, creating a live-work-wellness ecosystem inside the heritage precinct. The JV partners are expected to take control of the spot in October, with the first phase planned to open in 1Q2027, says Eugene Lim, CEO of TAP.
TS Home, a subsidiary of TS Group, secured the master occupancy for Phoenix Park with the greatest of 7 bids, offering a regular monthly rent of $404,888.
