The Assembly Place and TS Home to Transform Phoenix Park Into Singapore Largest Co-Living Destination
Co-Living | EdgeProp | 3 Jun 2026
SGX-listed co-living operator The Assembly Place (TAP) has formed a joint venture with TS Home to transform the historic Phoenix Park site into Singapore’s largest co-living destination, with more than 700 keys. TS Home, a subsidiary of TS Group, secured the master tenancy from the Singapore Land Authority with the highest of seven bids, offering a monthly rent of S$404,888.
Keys Planned
Site Area
Conserved B&W Buildings
Master Tenancy Rent
Joint Venture and Tenancy Details
TAP holds a 39 per cent stake in the joint venture. TS Home, a subsidiary of home-grown developer and dormitory operator TS Group, secured the master tenancy for Phoenix Park with the highest of seven bids, offering a monthly rent of S$404,888.
The tenancy, awarded by the Singapore Land Authority, has an initial five-year term with an option to renew for a further four years. The JV partners are expected to take over the site in October, with the first phase scheduled to open in the first quarter of 2027, according to Eugene Lim, CEO of TAP.
A Heritage Precinct Reimagined
Located at 300 to 320 Tanglin Road, the 610,487 sq ft site is equivalent in size to eight soccer fields. It comprises 33 conserved colonial-era black-and-white buildings spread across the precinct, with surface car and motorcycle parking lots.
Built in 1949, Phoenix Park was declared a historic site by the National Heritage Board in 2012. The site previously housed the British Far East Command and the British High Commission before serving as the Ministry of Home Affairs headquarters from 1977 to 2001.
The project will integrate serviced apartments and student accommodation with wellness facilities, sports amenities, dining outlets and community spaces, creating a live-work-wellness ecosystem within the heritage precinct. Oh Boon Shi, director and COO of TS Home, said the transformed site will also attract local and international visitors seeking unique lifestyle and wellness experiences, as the facilities will be open to the public.
TAP Portfolio and Growth Targets
The Phoenix Park project marks the JV’s third collaboration. The partners previously worked on Singapore’s first intergenerational co-living residence at the former Henderson Primary School, branded Commune @ Henderson, as well as three sites under the Ministry of Health Holdings that were converted into purpose-built accommodation for foreign healthcare professionals.
The addition of Phoenix Park will expand TAP’s operational and pipeline portfolio, which currently comprises more than 3,400 keys across 100 locations and nearly 1,500 keys under development. The group is targeting a portfolio of 10,000 keys by 2030.
Frequently Asked Questions
What is happening at Phoenix Park?
SGX-listed co-living operator The Assembly Place and TS Home are transforming the historic Phoenix Park site at 300 to 320 Tanglin Road into Singapore’s largest co-living destination with more than 700 keys. The project will integrate serviced apartments, student accommodation, wellness facilities and community spaces.
How large is the Phoenix Park site?
The site spans 610,487 sq ft, equivalent to eight soccer fields. It comprises 33 conserved colonial-era black-and-white buildings. Built in 1949, it was declared a historic site by the National Heritage Board in 2012.
When will Phoenix Park co-living open?
The JV partners are expected to take over the site in October 2026, with the first phase scheduled to open in the first quarter of 2027.
What is The Assembly Place’s growth target?
TAP currently has more than 3,400 keys across 100 locations with nearly 1,500 keys under development. The group is targeting a portfolio of 10,000 keys by 2030.
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