This article was first published on Singapore Business Review
Co-living spaces allow tenants to share rooms and apartments with the aim to build relationships and interactions amongst its tenants as they are made to live with people with the same hobbies and interests.
“Co-living is becoming a trend as the younger generation cherish memories and experiences as assets rather than physical ones,” Wendy Yap, owner of CP Residences said.
Singapore Business Review compiled a list of the hottest co-living spaces in the city.
Locations of apartments: Orchard Road
Rate: $1,300 per month
Minimum stay: 3 months
CP Residences mainly attracted startup expats, intern students, medical clients, and some locals with the need for temporary occupancy. Yan said that they pride themselves in becoming a friend to their clients.
“There’s much more to benefit the ecosystem than just customer service because in turn, members too becomes friends between them,” Yap explained.
With 50-60 rooms leased in Singapore, their units are with fully inclusive services including utilities, wifi, weekly cleaning, laundry/ironing, ad hoc & bi-monthly community get togethers, taxes, admin paperwork such as tenancy, and processing recurring payments by various payment methods.
Aside from Singapore, CP Residences also operates co-living spaces Hong Kong and Vietnam.
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