SINGAPORE – Serviced residences provider The Ascott Limited has opened the doors to lyf Funan Singapore, its first co-living property on Sep 5.
Touted as Southeast Asia’s largest co-living property, the 121,000 sq ft building houses 412 rooms across 279 apartments, as well as communal facilities and areas. The nine-storey property is directly connected to the Funan integrated retail and commercial development, which comprises offices and various leisure and retail offerings.
The first flagship of its co-living brand is being “managed by millennials for the millennials and millennial-minded”, offering collaborative spaces and social programmes that create a “live-work-play” experience.
Room sizes range from 18sqm to 105sqm and offer flexible options for daily and long-stay guests. The property has welcomed its first guest, who checked in on Sunday for a six-month stay. Currently, 115 rooms are available.
Its studio unit, One of a Kind, include an ensuite bathroom. (The Ascott Limited)
Guests are invited to check in through its mobile app, which functions as a platform for room bookings, payment, and access throughout the property.
Its communal-styled facilities include co-working spaces, a laundromat, kitchen and pantry and fitness area. Guests will be able to co-organise and co-create community programmes, or take part in TED talks, craft workshops and hackathons, with at least one to be held each week.
“The booming millennial segment, which is the fastest growing travel demographic, already forms a quarter of Ascott’s customer base and is expected to grow,” said Mindy Teo, Ascott’s deputy managing director of lyf.
The properties have been “designed to cater to millennials’ craving for social connections, collaboration and cocreation”, Ms Teo added.
Its Funan property is the first of seven more to come in the region, with openings expected in Bangkok, Fukuoka, Kuala Lumpur, Singapore, Cebu and Shanghai.
It is also exploring opportunities to take the brand to key gateway cities like Australia, South Korea, Indonesia, Germany, the UK and France.