Co–living spaces have gained popularity across the world in recent years, owing to the deluge of young people moving to cities in search of better employment. Though not limited to only young professionals, communal living is a great way to meet new people and make friends quickly in a new city. Co-living in Singapore is fast becoming the first choice for expats, students, and young professionals as it is economical, hassle-free, and usually closer to work compared to the traditional rent options. While the room and ensuite bathroom are your private spaces, other areas like the kitchen and lounge are shared, providing many opportunities to socialise and live as a community.
Getting to meet people from different backgrounds and learning about their life experiences is one of the key advantages of co-living. The social kitchens, lounges, and other common areas encourage frequent interactions among the members helping them share their personal stories and knowledge.
For anyone new to the city, these social interactions are the best way to learn about anything and everything. Want to know about the best cafés, hangout places, and the dos and don’ts of a culture? Just open the door and ask your neighbour. Something as small as finding the best route to get to a destination can start interesting conversations.
Staying in co-living also frees up a lot of personal time for inhabitants, which otherwise would have been spent managing household chores. In addition, the facilities are professionally managed, and rental cost includes everything from cleaning of common areas to repairs and maintenance.
But life in co-living apartments in Singapore is not just about making friends. It is also an excellent chance to connect with people from different industries and professions. In today’s times when networking plays a crucial role in one’s professional success, co-living spaces help people talk about their work and gain connections. Professionals working in the same industry can exchange notes about their work and even gain recommendations for better job opportunities.
For professionals like freelancers and digital nomads, co-living is the fastest way to make connections and get more business, especially in a new city. Many co-living apartments also have facilities like shared printers, which make work from home convenient and practical.
“Having a personal space helps me maintain my privacy, focus on work and study, while providing me with much-needed quiet time. The gym and green outdoors in front of the block are spaces I often spend time in to gather my thoughts and stay physically active.” – De Jesus Giorell Christian, a resident at Coliwoo @ Boon Lay
The competitiveness and struggles of modern living and the absence of family or friends can contribute heavily to the stress, depression, and loneliness affecting almost 90% of young professionals. Scientific evidence has also established that social support plays an essential role in reducing these psychological problems.
In this aspect, co-living fares much better when compared to other traditional living arrangements. You are bound to bump into someone as you go in the kitchen or the lounge, and that is enough to distract you from the vicious cycle of negative thoughts. Or better still, you can support someone else in need.
Co-living facilities are designed to be space-saving. Hence, they can allocate more space to shared areas and provide facilities like a gym, multi-purpose court and peaceful open spaces for their residents. A well-equipped social gym is usually the norm in co-living apartments in Singapore, which acts as a great motivator to stay healthy and fit.
Even the rooms are sufficiently spacious if anyone Is interested in staying active within the room. During the pandemic lockdown, co-living providers like Coliwoo arrange for special group classes and virtual fitness workshops to encourage an active lifestyle for their residents.
Co-living has many financial benefits over other rental arrangements, which frees up financial resources for its residents. Firstly, you can expect flexible rental period with no agent fee. For example, you can rent a room in co-living residences for as short as a month. Secondly, since the rooms and common areas are fully furnished, you need not buy any furniture or household items and move in with just a suitcase. Thirdly, co-living helps save on commuting expenses as residences are usually located near bus stops, MRT stations and amenities like shopping malls, pharmacies, etc. All the money saved by avoiding these costs is especially precious for young professionals who can save and invest elsewhere.
After considering all the above factors, it is fair to say that co-living offers a healthy environment to its residents full of opportunities to improve their quality of life personally and professionally.