'I wanted a different space on my own': Co-living spaces gaining ground in Singapore

The Assembly Place, one other agency in the business, has seen a 30 per cent enhance in demand from locals in comparison with pre-pandemic occasions, whereas the demand at Figment has doubled from 10 to twenty per cent in the identical time-frame. 

Locals lease rooms for between 4 and 9 months, in line with the corporations. The minimal period of rental at these spaces usually ranges between two weeks and three months.

In the previous one-and-a-half years, lyf, a model by The Ascott, has seen a rise in native younger professionals staying at its space in Funan mall for “an extended period”, mentioned Mr Norman Cross, normal supervisor of lyf operations in Singapore.

He attributed the change to work-from-home measures carried out amid COVID-19. 

“These guests are switching up their work-from-home environment, finding a new home away from home,” he mentioned, including that there was “a good uptake” by native and international college students because of the property’s proximity to close by tertiary instructional establishments.

DEMAND FROM SINGLES

The corporations mentioned that they see excessive demand from single locals.

“We see an increasing share from single locals as disposable income grows and pandemic-enforced isolation becomes the norm,” mentioned Figment's chief government, who goes by the identify Fang Low.

Cove equally sees such a pattern, with not less than 72 per cent of native tenants dwelling on their very own, mentioned Ms Jokelson.

At Figment, greater than half of its locals are in their 30s, mentioned Mr Low.