Colivingis a growing trend in big cities across the world, particularly among young working professionals and expats. This residential living model is built on community and collaboration, bringing people from different walks of life together to share a living space without compromising individuals’ privacy.
Do you want to learn more about coliving? Here is a quick overview of what coliving entails, what the benefits of coliving communities are and why this trend is accelerating so rapidly in Singapore!
What is Coliving?
Coliving is a community-based residential format where three or more people share a house or apartment to save money and enjoy the company of like-minded housemates. The typical arrangement in coliving spaces is to share the communal zones such as the kitchen, recreational spaces and outdoor areas while each individual has their own bedroom. Depending on the size of the coliving space, each tenant may also have a private bathroom.
Due to the high cost of housing in cities, the need for coliving spaces is on the rise. Many young people who move to the city for work or study either cannot afford to live alone or they prefer to live with others. In cities where there is a high demand for coliving spaces, existing houses or apartments are often converted into shared homes. This trend towards community and collaboration can also be seen in the workplace with the increased adoption of coworking spaces as opposed to traditional offices.
What are the Benefits of Coliving?
First and foremost, coliving spaces are much lighter on the pocket than living alone in a major city such as London, New York or Singapore. The difference between living in a coliving space and sharing an apartment with friends is that coliving spaces are all-inclusive and managed by professional property experts who handle all the administrative work. Each tenant simply pays their all-inclusive rental fees to the property manager and everything else is taken care of. Besides the lower rental cost, coliving spaces further help reduce expenses for tenants since these homes are already furnished and ready to move into.
Coliving spaces thus present an attractive option for many people who are just settling in the city and do not want to commit to long lease periods or costly and time-consuming tasks such as buying furniture, installing Wi-Fi or paying a longlist of service bills each month. The community aspect of coliving spaces is also a major benefit for people who do not want to live alone. Coliving spaces actively encourage community engagement by organising regular social events that allow tenants from one or more coliving space to connect and network. A great living option if you want to enjoy the benefits of living with fellow young professionals or travellers without having to deal with any administrative headaches or sacrifice your privacy!
Who would Enjoy Coliving?
Coliving is the ideal living arrangement for students, young working professionals, digital nomads and expats. If you enjoy living with others, want to make new friends, use the opportunity to network in a relaxed setting or simply seek a short to medium term accommodation solution in a foreign city, coliving is the answer!
Do you want to join a coliving community 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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We’re delighted to be featured in Season 1 of Stay the Night’s Hybrid Hospitality podcast. Check out Jonathan's interview as he talks about his predictions for the coliving industry and lots more including the impact of Covid-19, his connection with the gnômadic community and why he loves to give back to society.
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.