Co-living Singapore: Find the Best Facility for You

In the past few decades, the real estate industry in Singapore has witnessed a vast evolution in the living style of the people, giving birth to unique accommodation options, due to changing economic conditions, changing living styles, and therefore shifting consumer needs.

Due to these surfacing trends, many locals and especially foreigners or expats, looking for rental options for their stay in Singapore consider coliving Singapore a cheap option, that, unlike private rental apartments, doesn’t break their bank in these rising economic pressures globally. 

Every year, a large number of foreigners, including expats and international students, visit Singapore. About 1.86 million foreign workers, international students, and dependents (family members of foreign workers or expats) were non-residents of the nation as of June 2024. Which means, about 30% of Singapore’s overall population consists of this group.

Foreigners who come here for longer stays, such as work or study, prefer cheaper places that provide all the essential facilities. That is why they opt for coliving spaces rather than expensive rental apartments.

If you’re someone considering living in coliving spaces in Singapore and are looking for the best options then you have found this guide at the right time! Finding a coliving space that suits your requirements and your taste is challenging but not impossible. Read this article to help you understand what are the things you should consider before you make a decision about a coliving space. 

1. Determine Your Priorities and Lifestyle Needs

Budget Considerations

When looking for a living option or accommodations in a foreign country, the expenses and the budgets are the biggest concerns for students or expats. But luckily coliving Singapore provides an affordable and pocket friendly living option that doesn’t cost an arm and a leg. They offer thoughtfully designed homes; much affordable than the cost of traditional rentals, and the best part? No hidden expenses. With utilities, Wi-Fi, and even cleaning services included, your monthly rent covers everything. That means no tight budgeting and more financial breathing room to enjoy the city.

Location Preferences

Another important thing to consider while choosing a coliving space is its location. It’s better to choose a location that is near to your work, university, or the key attractions in the city such as close to the CBD area. This saves you the daily travel cost. It’s also smart to select a location that has easy access to public transport, like MRT stations and near essential amenities such as grocery stores, restaurants, fitness centers. 

But on the other hand, some also prefer to stay in quieter suburban areas that feel peaceful and far from the city’s hustle and bustle. Coliving Singapore also provides these quieter locations for residents who don’t need too much travelling. 

2. Research and Compare Different Coliving Operators

Reading Reviews and Testimonials

Checking customer reviews on websites, coliving forums, social media feedback and Google reviews can help you in your decision related to which facility to live in. Notice if there are any complaints and comments by the customers regarding issues like hidden fees, maintenance issues and poor management. 

Exploring Short-Term vs. Long-Term Options

While selecting a coliving space, consider if you require a flexible stay or a long-term stay. Short term options provide flexibility, perfect for travelers, remote workers, or anyone giving coliving a spin before fully committing. Longer stays can also mean lower rental prices and a greater sense of community. Review the lease terms, cancellation policies and deposit requirements before making a decision.

3. Assess the Community and Social Environment

Importance of Community in Coliving

The chance to engage with like-minded others and form relationships is one of the primary draws of coliving. With regular social gatherings, networking opportunities, and communal workplaces that promote contact, some coliving communities place a significant emphasis on community involvement. Others serve people who want a more sedate and self-sufficient living environment. Think about whether you want a quiet, secluded setting or an active, social one before selecting a location.

Types of Residents and Compatibility

Coliving spaces draw a diverse range of tenants, including students, entrepreneurs, young professionals, and digital nomads. It’s important to pick a place that fits your lifestyle; students might like a more sociable setting, while professionals might prefer quieter settings.

Additionally, take into account if the area is mixed-gender or gender-specific. Because policies differ, make sure the area is pet-friendly if you have a pet. A more comfortable living environment is guaranteed when you find a community that fits your tastes. 

Events & Networking Opportunities

Events are frequently planned by coliving facilities to promote a feeling of community. These might be anything from informal get-togethers for potluck meals and movie evenings to lectures on wellness and business networking. A coliving facility that actively plans social activities might be a huge benefit if you’re trying to meet new people in a new place or grow your professional network.

4. Finalizing Your Decision and Moving In

Once you’ve found a coliving space that matches your lifestyle and budget, the next step is to finalize your decision and prepare for the move.

Negotiating the Best Deal

Coliving facilities do tend to have set expenses, but there may be room for negotiation — especially for long-term stays. Be sure to ask of any current specials or seasonal offerings, as some operators offer savings on extended leases (six months or more). To avoid surprises down the road, also inquire about any hidden costs, such as maintenance fees, additional cleaning services, or electricity rates.

Preparing for the Move

After signing the contract, it’s time to get ready to move. Even while coliving facilities are usually completely furnished, you might still need to pack some personal necessities. Such as:

• Bedding & Comfort Items
• Toiletries & Personal Hygiene Items
• Storage Solutions
• Decor & Personal Touches
• Kitchen Essentials

Final Thoughts

Budget, location, and community fit are key factors to consider when finding the right co-living space in Singapore. So, if you follow all the above, you can easily maximize the benefits of this affordable yet convenient living solution that you have made while ensuring that you enjoy maximum comfort, flexibility, and social engagement. Experience the convenience & customization of living solution with co-living singapore.