The Assembly Place, TS Home to repurpose Phoenix Park into Singapore’s largest co-living destination
Constructed in 1949, Phoenix Park was stated a historic spot by the National Heritage Board in 2012. The spot in the past housed the British Far East Command and the British High Commission before functioning as the Ministry of Home Affairs central office from 1977 to 2001.
TS Home, a branch of TS Group, protected the master tenancy for Phoenix Park with the best of seven bids, providing a regular monthly rental fee of $404,888.
The enhancement of Phoenix Park are going to broaden TAP’s working and pipeline accounts, which presently makes up more than 3,400 keys throughout 100 locations and nearly 1,500 keys under development. The group is targeting an account of 10,000 keys by 2030.
The plan is going to incorporate serviced flats and undergraduate lodging with wellness centers, sports services, dining avenues and neighborhood spaces, creating a live-work-wellness ecosystem throughout the heritage precinct. The JV partners are expected to take control of the spot in October, with the first phase planned to open up in 1Q2027, states Eugene Lim, Chief Executive Officer of TAP.
Located at 300 to 320 Tanglin Roadway, the 610,487 sq ft location is equal in dimension to eight soccer areas. It makes up 33 conserved colonial-era black-and-white buildings dispersed throughout the site, with surface area car and motorcycle parking lots.
TAP’s Lim states the location at Phoenix Park delivers “a possibility to redefine what community living means in Singapore”.
SGX-listed co-living provider The Assembly Place (TAP) has developed a mutual project with TS Home to transform the historic Phoenix Park location into Singapore’s biggest co-living destination, with more than 700 keys. TAP holds a 39% risk in the mutual venture.
Oh Boon Shi, director and COO of TS Home, thinks the changed Phoenix Park site will certainly also draw in local and international visitors seeking unique way of life and wellness experiences, as the facilities will be available to the general public.
The project marks the JV’s 3rd collaboration– having actually worked on Singapore’s initial intergenerational co-living residence at the previous Henderson Primary School, branded Commune @ Henderson, along with 3 sites under the Ministry of Wellness Holdings that were changed into purpose-built lodging for international healthcare specialists.
The tenancy, allocated by the Singapore Land Authority (SLA), has an initial five-year term with an option to renew for a further 4 years. TS Group is a home-grown developer and operator of dorms, boarding houses and large-scale community rooms.
