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The Assembly Place and TS Home to Transform the Historic Phoenix Park in the Tanglin Enclave into Singapore&rsquo s Largest Community Living Destination with an Integrated Wellness, F& B, and Sports Lifestyle Ecosystem
- The historic Phoenix Park site is located at 300-320 Tanglin Road with a size of 610,487 square feet (roughly the size of 8 soccer fields) comprising low-rise colonial-era buildings, a cluster of black-and-white colonial bungalows and surface car and motorcycle parking lots, has an estimated gross floor area of 119,338 square feet.
- This Phoenix Park site is set to be transformed into Singapore&rsquo s largest co-living destination, with over 700 keys, alongside an integrated wellness, F& B, and sports lifestyle ecosystem, representing the most ambitious co-living sector development in Singapore to date.
- Reinforcing TAP&rsquo s asset-light, co-investment strategy, this joint venture marks TAP&rsquo s third major collaboration with TS Home, following previous projects including Singapore&rsquo s first intergenerational co-living residence at the former Henderson Primary School, alongside three MOHH-related sites for foreign healthcare professionals&rsquo accommodation.
- Together with TAP&rsquo s existing operational portfolio of over 3,400 keys across 100 locations and close to 1,500 keys in the pipeline, the addition of Phoenix Park (over 700 keys) further strengthens the Group&rsquo s trajectory towards its target of 10,000 keys by end-2030.
The Assembly Place Continues Portfolio Expansion Unveils Singapore&rsquo s First AI-Powered Co-Living Development with Dedicated AI Lab
- Signed a 15-year lease, with an option for a further 5-year renewal, with Char Yong (Dabu) Association for approximately 26,889 square feet of dual-block property located at 27 and 29 Lorong 22 Geylang.
- The development will feature approximately 80 rooms and serve as TAP&rsquo s flagship AI powered co-living property, delivering a next-generation living experience through intelligent building management and personalised resident services, among others.
- Central to the development will be TAP&rsquo s first dedicated AI Lab &mdash a shared space where residents can collaborate, build, and learn together, hosting weekly build nights, monthly demo days, guest speaker sessions, and mentorship pairings, etc.
- Marks TAP&rsquo s fifth property in Geylang and represents another milestone in TAP&rsquo s strategy to evolve beyond traditional co-living operations into smart, experience-led residential communities.
Located in one of Singapore&rsquo s most culturally layered and historically significant districts, the property will be transformed into Singapore&rsquo s first AI-powered co-living development, comprising approximately 80 rooms designed to deliver a technology-enabled and community-centric living experience.
The property is expected to be handed over on 1 June 2026, with operations targeted to commence by end-October 2026.
The long-term tenure provides TAP with operational visibility and stability to invest meaningfully in AI infrastructure, smart operational systems, and curated resident programming.
In addition, the dual-block site, comprising a 4-storey block and an 8-storey block, provides the scale and infrastructure to showcase TAP&rsquo s vision of tech-enabled community living.
This development will serve as TAP&rsquo s flagship AI-powered co-living property, incorporating intelligent building systems, data-driven community management capabilities, and personalised resident experiences.
Central to the development will be TAP&rsquo s first dedicated AI Lab &mdash a shared space designed as both a high-performance workspace and collaborative community hub where residents can collaborate, build, and learn together.
The AI Lab will host weekly build nights where residents work on personal AI projects, monthly demo days to showcase what they have built, and guest speaker sessions featuring founders, engineers, and researchers from the AI ecosystem. Prompt engineering workshops and mentorship pairings between tech-savvy and non-technical residents will ensure the space is inclusive and accessible to all &mdash making this not just a room with computers, but a living, learning community.
The initiative reflects TAP&rsquo s broader vision of evolving co-living beyond accommodation by creating environments that encourage learning, innovation, collaboration and communitybuilding among residents.
TAP&rsquo s Executive Director and Chief Executive Officer, Mr Eugene Lim (林 英 劼 ), said: &ldquo This is our fifth property in Geylang, and each one has deepened our conviction in this neighbourhood&rsquo s potential. Geylang is one of Singapore&rsquo s most culturally layered and historically significant districts, and we have watched it evolve steadily as a city fringe location, better connectivity, more diverse in
its resident base, and increasingly well-served by amenities.
This development is our most ambitious here yet. By bringing AI into the co-living experience, from smart building management to personalised resident services, we are not just adding rooms to our portfolio. We are demonstrating what the future of community living can look like, in a neighbourhood that deserves that kind of investment.
The AI Lab is the heart of this vision. We want residents to not just live alongside technology, but to build with it.&rdquo
A spokesperson from Char Yong (Dabu) Association said, " The Association is pleased to collaborate with TAP in this co-living initiative, leveraging our premises and combined strength to create a modern, community-oriented living environment.&rdquo
Much better than Toku recent IPO.
huattuatua ( Date: 23-Jan-2026 13:19) Posted:
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actually this is the first co- living company in sg
coliwoo beats them to 1st sgx listing only
the profit margin also far superior than coliwoo
coliwoo beats them to 1st sgx listing only
the profit margin also far superior than coliwoo
" TAP is a leading co-living operator in Singapore, operating 3,422 rooms across 100 property assets.
It operates six brands across five living sectors, catering to young professionals, students, foreign healthcare workers and senior residents."
Renting market is good, Should be a good investment.
Hope give good dividend too.
It operates six brands across five living sectors, catering to young professionals, students, foreign healthcare workers and senior residents."
Renting market is good, Should be a good investment.
Hope give good dividend too.
Revenue for the first half of 2025 rose 43.6 per cent to $11.6 million compared with the same period a year ago.
The company had offered a total of 50.3 million invitation shares.
Separately, cornerstone investors have entered into subscription agreements for around 29.5 million shares at the offer price, amounting to $6.8 million.
These include Apricot Capital, Asdew Acquisitions, Cache Capital, ICH Synergrowth Fund and Maybank Securities, on behalf of certain high net worth clients.
Separately, cornerstone investors have entered into subscription agreements for around 29.5 million shares at the offer price, amounting to $6.8 million.
These include Apricot Capital, Asdew Acquisitions, Cache Capital, ICH Synergrowth Fund and Maybank Securities, on behalf of certain high net worth clients.