The Benefits of Coliving for Digital Nomads in Singapore

11 May 2023

The Benefits of Coliving for Digital Nomads in Singapore

The nomadic lifestyle is an attractive way of living where one does not have a fixed residence, and chooses to move from place to place while working remotely. As more businesses embrace remote working arrangements, we’re seeing an increase in the number of digital nomads choosing to bring their life and work to various parts of the world. 

Interested in the nomadic lifestyle? Even if you’re not planning to travel out of the country, it can still work for you in Singapore

Coliving has emerged as a promising housing solution for those seeking a hassle-free but exciting experience while working remotely in Singapore. It offers plenty of benefits to digital nomads, and can be your ideal form of accommodation. Keen to learn why? Read on to find out!

1. Cost Effective

Cost Effective-Communal Living Singapore

The cost-effectiveness of coliving can be attributed to the amenities that come with the coliving space, as well as the concept of cost-sharing.

Most coliving spaces in Singapore are designed and fully furnished with furniture, fixtures, and appliances necessary for comfortable living. These amenities are part of your rental package, which means that you’re paying a fixed rental rate for not just the room, but also the in-room amenities.

When renting a unit elsewhere, you may be left alone to furnish your room yourself, which can incur extra costs and even be inconvenient. This is not an issue with coliving, as your room will typically be ready for move-in.

Communal living also means sharing some facilities, such as Wi-Fi, kitchen and co-working spaces, lowering the amount of money you need to pay each month. You can even bulk purchase necessities with your neighbours to save an extra few dollars.

As a digital nomad, you can benefit from this arrangement as you’ll often need these amenities to live and work remotely, without committing to the high cost of renting a full apartment or setting up an office space.

2. Build A Community

It is common for digital nomads to suffer from feelings of isolation and feel disconnected from others because you work remotely and move around so frequently. Meeting new people is hard, and forging strong friendships is even more challenging.

Coliving spaces offer a solution to this problem by providing an environment for you to socialise, build relationships and be part of a community. Communal living and organised events, such as outings and game nights, allow residents to interact more, forming meaningful connections that may develop into long-lasting friendships, which can be beneficial to digital nomads.

3. Networking Opportunities

Besides building a community, another significant benefit of coliving for digital nomads is the networking opportunities it provides. Living in a coliving space means being surrounded by people from different backgrounds and industries, which can lead to new connections, collaborations, and even job opportunities. You can potentially build a supportive network that can help you grow both personally and professionally.

The potential for collaborative projects and skills sharing is also high in coliving spaces with more and more digital nomads choose communal living. Everyone’s diverse skill sets and experiences can be valuable for each other, allowing you to  learn from each other, develop new skills, and even create new business opportunities.

Learn More: The Social Benefits of Co Living in Singapore

4. Flexible Terms

Apart from the opportunities to meet new people, coliving spaces also offer great convenience. They are innovative solutions to the traditional and rigid housing market in Singapore, offering a range of benefits like more flexibility in rental terms. It is a particularly advantageous quality for digital nomads who need housing solutions that cater to their unique lifestyles.

Unlike traditional rental agreements, which often require long-term commitment, many coliving spaces offer shorter rental terms that make it easier for digital nomads to find accommodation that matches their schedules. You can even choose to extend your lease term should the need arise.

5. Located Islandwide

Adding onto the convenience of coliving spaces is the availability of studio units for rent across Singapore, which offers digital nomads a range of options that cater to various needs and budgets. You can choose to stay in a studio apartment located at the heart of Orchard Road or hide away at a quieter part of the country, such as Boon Lay, depending on your preferences and your frequent haunts.

If the nomadic lifestyle is for you and you’d like to try your hand at being a digital nomad while experiencing communal living, Coliwoo has a range of studio apartments in Singapore for you to choose from. Find your ideal home here.