The big city life can be expensive, lonely and scary, especially if you are living by yourself. As a solution, many people who are migrating to cities for work and study are turning to coliving housing to save money, join a new community and take the stress out of the moving process.
Coliving is no new concept in housing, although it is quickly growing in popularity among students, working professionals and digital nomads in cities across the world. If you are thinking about joining a coliving community in Singapore, take a look at some of the biggest advantages of this lifestyle!
Coliving is an affordable housing solution
Considering how expensive it is to rent a house or apartment in a major city like Singapore, cost-efficiency is the biggest advantage of coliving. The average monthly rental price of a one-bedroom serviced apartment in Singapore ranges fromS$7,000-S$14,000, while an unfurnished studio apartment is generally priced around S$1,500-S$4,500 per month. However, the added expenses of buying furniture, bedding, kitchen supplies and other necessities will make you dig even deeper down your pocket.
The rental prices of coliving spaces are generally much lower than that of similarly sized apartments or houses. Co-living homes in Singapore start at around S$2,500 per month, a rate which will get you a spacious, stylish, luxuriously furnished and centrally located living space with all amenities included along with additional benefits such as security, cleaning services, community events and an enriching lifestyle program.
Coliving offers inspiring community-building
Beyond the cost-benefit of sharing a home with others, the communal aspect of coliving is the biggest motivation for people to adopt this lifestyle. Coliving presents a unique opportunity to live, work and socialise in an inspiring community setup without sacrificing your privacy. Singapore has a large expat community, which promises an interesting and multicultural combination of housemates.
Digital nomads can also enjoy the benefit of networking with other professionals who work across a wide range of industries. Coliving hubs in Singapore encourage these connections by organising social and lifestyle events throughout the year. What better way to explore a new city than by making new friends and sharing the experience with like-minded people?
Coliving homes are convenient & flexible
Coliving is a simple and stress-free solution for city housing. Working professionals, students, digital nomads and expats in Singapore love the convenience of moving into a home that is already furnished, connected to Wi-Fi and equipped with handy services such as in-house laundry, regular cleaning and security.
With the added benefit of flexible lease agreements and all-inclusive rental prices, coliving spaces are the ultimate pack-up-and-go homes. Since the administrative side of coliving is handled by professional property managers, coliving residents are each responsible for their own rental payments. No need to fight with roommates about unpaid bills or house chores piling up! Lastly, sharing a living space with others is not only more affordable, sociable and convenient, it is also more sustainable than occupying a property by yourself.
Do you want to learn more about coliving in Singapore? gnômadic is a premium coliving collective in Singapore that provides residents with spacious and modern sanctuaries along with carefully curated lifestyle events to inspire personal growth and community connections.
Singapore is home to a large community of digital nomads, international students and long-term expats. If you are wondering how to become part of Singapore’s exciting expat community, you will find that community events present a great opportunity to meet like-minded people and even make professional connections.
As populations expand, real estate prices escalate and more people migrate to cities for work and study, the need for alternative and affordable accommodation solutions has risen. The answer is coliving.
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Jonathan recently sat down with Chew Wui Lynn from CNA938 to discuss the business of coliving and potential areas of growth for the industry. Coliving for families, anyone? Click the link to hear the full interview.
Our Founder, Jonathan Schiff had the opportunity to interview with Natasha Shamash from Rebel and Soul. The digital socially distanced 5&5 series 2 discusses unforgettable memories. Watch the full interview as Jonathan shares some memorable advice he was given, a message he gives to his 20-year-old self and a memory he is looking forward to creating. Click the link to hear the full interview.