The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
TS Home, a subsidiary of TS Group, protected the master occupancy for Phoenix Park with the best of 7 proposals, providing an once a month lease of $404,888.
The project notes the JV’s 3rd alliance– having worked on Singapore’s initial intergenerational co-living house at the previous Henderson Primary School, branded Commune @ Henderson, as well as three websites under the Ministry of Health Holdings that were changed into purpose-built accommodation for international healthcare experts.
SGX-listed co-living operator The Assembly Place (TAP) has developed a mutual project with TS Home to transform the historical Phoenix Park site into Singapore’s biggest co-living destination, with more than 700 keys. TAP holds a 39% stake in the joint venture.
The project will incorporate serviced apartments and undergraduate accommodation with health establishments, sports features, dining outlets and community areas, creating a live-work-wellness ecosystem within the heritage precinct. The JV partners are expected to take over the location in October, with the initial stage booked to open in 1Q2027, states Eugene Lim, Chief Executive Officer of TAP.
The addition of Phoenix Park will increase TAP’s working and pipeline accounts, which currently comprises greater than 3,400 keys across 100 locations and virtually 1,500 keys under development. The group is targeting an account of 10,000 keys by 2030.
Oh Boon Shi, supervisor and COO of TS Home, believes the changed Phoenix Park site will also bring in community and international prospects looking for unique lifestyle and wellness events, as the centers are going to be open to the public.
TAP’s Lim claims the location at Phoenix Park presents “an opportunity to redefine what community living implies in Singapore”.
The occupancy, awarded by the Singapore Land Authority (SLA), has a first five-year term with a choice to renew for a more four years. TS Group is a home-grown developer and driver of dormitories, boarding houses and large neighborhood places.
Situated at 300 to 320 Tanglin Roadway, the 610,487 sq ft area is equal in size to 8 football fields. It consists of 33 conserved colonial-era black-and-white buildings spread throughout the place, with surface car and motorcycle parking lots.
Built in 1949, Phoenix Park was declared a historic place by the National Heritage Board in 2012. The area previously housed the British Far East Command and the British High Commission prior to acting as the Ministry of Home Affairs head office from 1977 to 2001.
