If you’ve chanced upon the term called “co-living” but not sure what’s it all about, we’re here to fill you in.
What is co-living?
Co-living has increased in popularity in recent years. It involves unrelated people living together under the same roof. Essentially, you’re renting a room in a co-living unit, but sharing communal spaces in the apartment, such as the dining room and kitchen, with others.
How is co-living different from other types of accommodation?
With co-living, you are only renting a single room, but there are other perks that are included in your rent. These include:
- Housekeeping services (usually weekly)
- Utilities (electricity, water and gas)
- Regular maintenance such as aircon servicing
You will be living with other people in the same unit – people you don’t know. But if you’re new to Singapore, this also gives you the opportunity to make new friends.
Why should you opt for co-living?
- Affordability: With co-living, you’re only paying for rental for a single room which includes all the perks above. It’s a much cheaper option than renting a whole apartment to yourself.
- Flexibility: The leases for co-living units usually come with more flexibility. The minimum lease period is 3 months. So, you can opt to try it out first, before committing to a longer lease. On the other hand, if you rent a whole unit, most landlords will require you to commit to a longer lease period such as 1 or 2 years.
- Sense of community: You’ll be meeting other like-minded people who are willing to step outside of their comfort zone to co-create a community. With the potential to widen your social network, co-living suits those armed with optimism and a sense of adventure.
- Hassle-free: If you’re new to Singapore, co-living is super convenient type of accommodation. You don’t have to worry about buying furniture, applying for a utilities account or setting up wifi. Everything is already provided for, ready for you to move in. Just bring your luggage!
If you’re ready to embark on a co-living journey, explore our co-living spaces now.