It’s beneficial to keep abreast of the goings-on in advanced property markets around the world. For example, the nearest to us would be Singapore.
According to an article in ibtimes.sg, Singapore-based co-living company, Hmlet, has signed on a new property in the prime Tanjong Pagar/Cantonment Downtown CBD precinct. The property is set to open in July and will see Hmlet increase its number of members to more than 2,400 across the Asia Pacific region by year-end.
If you live in a high-rise development, you will be used to the idea of sharing common facilities. However, how open are you to sharing a common living room or the kitchen or even the yard where you dry your clothes with strangers? The answer is likely be a resounding “no”.It depends on property prices. When the prices of property gets too high too fast, and less and less people can afford to own a property, then this concept will become more acceptable and more people will start to co-live.