Relocating to Singapore but have never been to Singapore? Given Singapore’s expat friendly reputation, good quality of life, low gender wage gap and vibrant economy, many are willing to take the plunge and move to Singapore without having visited before.
One of the biggest challenges faced by these brave relocators is deciding where to stay, because where you live ultimately affects your experience. You could have a great job lined up but if you stay at a crummy place, it will surely affect your mood and opinion of Singapore. For that we are thankful for the rise of co-living players.
If you aren’t familiar with co-living, it is akin to a modern service apartment with an emphasis on offering access to communities through event programming and curation of its residents. In addition, co-living operators resonate with millennials as a way of living, where mundane aspects of house-sharing such as utility bill payments, property maintenance and stocking up of basic home essentials are taken care of, so that residents can spend their time more intentionally building up their social and professional lives in the city. One of the biggest perks is its flexible lease terms where one can live on a rolling monthly contract after the minimum three-month lease term.
At the time of writing, co-living isn’t an official asset class within Singapore’s real estate regulations and since co-living accommodations are usually residential conversions, they are all under a minimum three-month lease term (any shorter would be illegal, and yes that too applies to Airbnb apartments rented under three months, so beware!). While there is a minimum lease term compared to weekly options at service apartments, co-living offers higher flexibility with month to month extension after the minimum lease term. This allows new Singapore expats to find their footing and make new friends before deciding where to live. And potentially find future flat-mates at such co-living arrangement!
Currently, there are three types of co-living arrangements in Singapore:
i) Entire building stacks where residents each gets a room within an apartment with common spaces to mingle,
ii) A building where residents each get an en-suite bedroom while sharing a large communal kitchen, dining room, living room etc., and
iii) Rooms within apartments scattered across Singapore where the co-living operator frequently hosts events to bring the community together.
To aid you in deciding whether co-living is suitable for you, we made a chart of some pros and cons of co-living:
Hassle Free: Fully furnished apartments, with Wi-Fi, utilities, housekeeping and maintenance included as part of rent
Community: Meet people in similar transient situations and instantly plug into a community
Flexible lease term: Minimum three month lease term with monthly renewal option thereafter (much shorter than typical annual lease tenancy)
No agent fees: Typically, one would work with an agent to find a suitable accommodation and pay a half month to one month commission depending on the contract term and rent
Save money: Benefit from splitting of utility bills with others and economies of scale from home supplies and furnishing purchases
|Lack of personal space: Lots of common areas and having a community where you live could subject you to others chatting you up when you really aren’t feeling social.|
Dealing with different personalities: We all have different quirks and habits, so some people may come off rude and inconsiderate while being totally acceptable to others. Hence good house rules must be in place.
Sense of Security: It is possible that personal items could go missing in common areas due to carelessness or negligence, and the off chance of a dishonest house-mate.
People who care a lot about having their personal space should probably not opt for co-living. But other than that, we think co-living is a fantastic way to start your Singapore adventure and meet like-minded people to explore what the city has in store for you. We’ve even heard of people who like it so much that they have stayed on and made it their “permanent” homes.
We did a round up of co-living players in Singapore for you. Feel free to contact us about finding the right co-living or other short term accommodation options for you. Relogo is here to help you get going!
|Brands||Location||Accommodation Type||Price Range (SGD)||Room Types|
|Orchard, CBD, East, Central, etc.||Full apartment blocks, Apartments within Condos, Shophouses or Landed Properties||$1,000 – $2,800 onwards||Pocket Rooms,|
|Cove Living||Orchard, CBD, East, Central, etc.||Apartments within Condos (The Sail, TRE Residences, Paterson Residences, Highland Residences, etc.)||$1,300 – $2,600 onwards||Junior Single,|
Junior Suites, Master Suites
|Rouf||Orchard, CBD, Central, etc.||Apartments within Condo||$1,300 – $2,600 onwards||Single Rooms, Master Suites|
|Metro Residences||All around Singapore||Direct rental listings and serviced apartments||$1,000 onwards||Entire Apartments|
|Easycity||Paya Lebar, Geylang, Pasir Panjang, CBD||Apartments within Condo||$1,200 onwards||Single Rooms,|
Master Suites, Entire Apartments
|Login Apartments||Upon Request/ Enquiry||Options given based on your given lease period & max budget|
|Lyf (Ascott)||Funan, Farrer Park, One-North||Officially Launching in Q1 2020|
|CP Residences||Orchard only||Apartments||$1,700 – $8,000||Single Rooms, Master Suites|
|The Shophouse Series||Geylang||Shophouses||$2,500- $3,500||Single rooms within shophouses|
Note that all information is as advertised by the respective companies, prices are based on a room within a co-living unit.