Co-living has become one of Singapore’s most sought-after housing choices, particularly for young professionals and students. A co-living space combines private living with some shared common areas and amenities. This model allows for private and quiet times โ essentially, the best of both worlds!
What is Co-living?
Co-living is where individuals rent a private bedroom within a shared apartment with shared access to the kitchen, living room, gym, entertainment area, etc. Managed by professional operators, these spaces provide all-inclusive rent, utilities, internet, and regular cleaning. As Singapore has a competitive rental market, co-living is attractive.
Advantages of Co-living.
- Cost-Effective Living.
Co-living is a cheaper solution against Singaporeโs high housing costs. Co-living arrangements charge a monthly fee that covers everything, including utilities and internet. This saves you extra money that you would typically pay for a home rental.
- Flexible Lease Terms.
With a flexible lease duration of 1 month, co-living helps suit the varying needs of many. The flexibility offered is perfect for students, short-term visitors, and digital nomads looking for convenience.
- Community and Social Opportunities.
At the heart of co-living is community. Residents can connect with a range of people, join community events, make new friends, and even find work.
- Fully Furnished and Ready-to-Move.
You donโt have to purchase or get anything installed, as essential amenities like beds, a table, a wardrobe, a refrigerator, etc., come with a co-living space, which is fully furnished.
- Convenient Locations.
Most co-living spaces are located in public transport, business, or university corridors for easy commute.
- Safety and Security.
Residents will feel safe due to 24/7 surveillance and other security features.
Who is Co-living Suitable For?
Co-living is particularly suitable for:
- Students
- Local Community
- Young Professionals: A well-connected living space with great social opportunities.
- Digital nomads and those on short stays can stay here, it has the services and flexibility to suit this.
How to Choose a Co-living Space?
When selecting a co-living space, consider:
- Select a place near your work or study, like the CBD or college areas.
- Choose a rent range that you can financially handle.
- Find out the communityโs involvement in various activities and the kind of residents that live there. This will help you find a community that resonates with you.
Popular Co-living Brands in Singapore.
Three entrepreneurs started Cove to create a seamless renting experience with technology in urban housing. Cove has fully furnished and equipped units that you can call home. Beyond just an apartment, they have finished landed houses and private condos.
Coliwoo offers human-centric rental solutions that create a community through events. ย They are a co-living operator with a diverse range of units and locations.
Before it was rebranded as Habyt, its name was Hmlet. It is the largest flexible housing company in the world. Habyt has over 1,000 rooms in Singapore, with community living in residential privacy and a positive community spirit.
Book your ideal co-living space now with Noam Nathan.
