The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft site is equivalent in dimension to eight soccer fields. It comprises 33 conserved colonial-era black-and-white buildings spread throughout the site, with surface car and motorcycle car park.
The enhancement of Phoenix Park will broaden TAP’s in service and pipeline portfolio, which currently comprises greater than 3,400 keys across 100 areas and nearly 1,500 keys under development. The group is targeting a portfolio of 10,000 keys by 2030.
The project marks the JV’s third alliance– having actually worked on Singapore’s initial intergenerational co-living home at the previous Henderson Primary School, branded Commune @ Henderson, along with 3 sites under the Ministry of Health And Wellness Holdings that were converted into purpose-built holiday accommodation for foreign health care experts.
SGX-listed co-living operator The Assembly Place (TAP) has created a joint project with TS Home to transform the historical Phoenix Park location into Singapore’s largest co-living destination, with more than 700 keys. TAP holds a 39% claim in the mutual venture.
Canberra Crescent Residences condo
The tenancy, allocated by the Singapore Land Authority (SLA), has a preliminary five-year term with an option to renew for a more 4 years. TS Group is a home-grown property developer and operator of dormitories, boarding residences and large-scale community spaces.
TS Home, a subsidiary of TS Group, secured the master occupancy for Phoenix Park with the greatest of 7 offers, providing a monthly rent of $404,888.
Integrated in 1949, Phoenix Park was proclaimed a historical site by the National Heritage Board in 2012. The site formerly housed the British Far East Command and the British High Commission before acting as the Ministry of Home Affairs central office from 1977 to 2001.
The project is going to incorporate serviced homes and college student lodging with health centers, sports facilities, eating channels and area rooms, creating a live-work-wellness ecosystem within the heritage precinct. The JV partners are expected to take over the spot in October, with the very first stage booked to open in 1Q2027, states Eugene Lim, CEO of TAP.
Oh Boon Shi, director and COO of TS Home, thinks the transformed Phoenix Park site will certainly also bring in community and international visitors seeking unique way of life and wellness events, as the facilities will be open to the general public.
TAP’s Lim states the location at Phoenix Park delivers “a chance to redefine what community living implies in Singapore”.
