Connect with us

Real Estate

Co-living in Singapore : are we there yet?

The hype in the co-living market was revived in recent months after it gained recognition as a convenient, community-driven and affordable solution for expatriates

Daniel Lorenzzo

Published

on

The co-living market in Singapore saw unprecedented activity over the past 12 months with millions of dollars of funds being pumped into operators, enabling them to embark on an expansion spree.

Investors’ optimism in the market raises the question if the time for co-living has finally arrived. Looking back, the co-living journey in Singapore has not been smooth sailing. Early entrants to the market, such as 13 and Techsquat, opened with much fanfare in 2014/2015 but were largely defunct within a year of operation after having to battle financial, regulatory and cultural challenges.

The hype in the co-living market was revived in recent months after it gained recognition as a convenient, community-driven and affordable solution for expatriates who are looking for a fun and fuss-free accommodation option.

Co-living addresses millennial expatriates’ housing needs by offering them a private space in a shared apartment with plenty of common areas for community activity.

With the help of technology, operators are able to bring like-minded individuals together. Community managers stationed in the cluster also organise regular social or work-related events to facilitate interactions among members. New players who are looking for a share in the market include Singapore-based start-up Hmlet, Shanghai-based start-up Mamahome, and lyf, a new brand of living targeted at the millennials by The Ascott Limited.

Their growth was aided by the government’s move to lower the minimum rental period for private homes from six to three months in June 2017, making it more viable for co-living operators to target members who want flexibility in their housing options.

Co-living in Singapore – are we there yet? | JLL

Comments

Real Estate

How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Daniel Lorenzzo

Published

on

Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

(more…)
Continue Reading

Real Estate

Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Daniel Lorenzzo

Published

on

iStock-1135535759.jpg
Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

(more…)
Continue Reading

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Daniel Lorenzzo

Published

on

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,621 other subscribers

Trending