Co-living on the rise in Singapore | LinkedIn (2024)

Would you try co-living?

5

Giving up buying a house was one of the hardest decisions I had to make. But I discovered it would save me about $1.5 million over 30 years!I’ve previously written about how our parents unwittingly pass down outdated advice on career choices and investing to their children.Today I want to tackle an investing myth very close to home (heh).Renting is often seen as the temporary, inferior alternative when you cannot afford to buy.This is particularly true in many Asian cultures, where owning property is not only a financial goal but also a symbol of prestige and security.To answer this question, I built a rent or buy calculator using AI, and the answers really shocked me.I've also made it free for you to use (link to blog in the comments) 👇I'd love to hear your thoughts on whether buying or renting makes more sense for you!

305

99 Comments

Co-living, a concept that has taken the urban housing market by storm, redefines the way people live together, offering a modern twist on communal living. By blending shared spaces with private ones, co-living provides a unique lifestyle that fosters community, reduces living costs, and often contributes to sustainability. Let's explore what co-living is, its historical roots, its benefits, and why it's gaining momentum in today's world.#Helvex #HelvexUSA

4

Many co-living spaces offer just a room for rental, while others offer a bed and table. This allows individuals to rent a room for about S$1,000 in a central location.The Singapore government has recognised this shift in lifestyles and has progressively allocated more state-owned buildings such as heritage shophouses to be turned into co-living spaces.Sounds just like our forefathers in Chinatown when they first came to SG 😅 - a group of tenants living together and sharing communal facilities like toilets.It is obviously not a long term solution and one that is driven by rental cost in SG. I would think it is a interim solution until one saves enough to rent own unit. #homes #housing #singapore #rogerng #lbfalumni https://lnkd.in/gx6fBCQV

62

32 Comments

Many co-living spaces offer just a room for rental, while others offer a bed and table. This allows individuals to rent a room for about S$1,000 in a central location.The Singapore government has recognised this shift in lifestyles and has progressively allocated more state-owned buildings such as heritage shophouses to be turned into co-living spaces.Sounds just like our forefathers in Chinatown when they first came to SG 😅 - a group of tenants living together and sharing communal facilities like toilets.It is obviously not a long term solution and one that is driven by rental cost in SG. I would think it is a interim solution until one saves enough to rent own unit. #homes #housing #singapore #rogerng #lbfalumni https://lnkd.in/gx6fBCQV

62

32 Comments

Many co-living spaces offer just a room for rental, while others offer a bed and table. This allows individuals to rent a room for about S$1,000 in a central location.The Singapore government has recognised this shift in lifestyles and has progressively allocated more state-owned buildings such as heritage shophouses to be turned into co-living spaces.Sounds just like our forefathers in Chinatown when they first came to SG 😅 - a group of tenants living together and sharing communal facilities like toilets.It is obviously not a long term solution and one that is driven by rental cost in SG. I would think it is a interim solution until one saves enough to rent own unit. #homes #housing #singapore #rogerng #lbfalumni https://lnkd.in/gx6fBCQV

62

32 Comments

🏡 Co-Living is redefining the student housing sector as it fosters mental well-being, belonging, and strong social connections. Read the article to uncover what more it has to offer. ➡ 💡 #studenthousing #coliving #Casita #internationalstudents #mentalhealth

9