Like everyone in 2023, expats moving to Singapore are faced with the reality of increased cost-of-living expenses. Singapore is still experiencing the impact of delays in housing construction brought upon by the pandemic. The result? An increased demand for rental accommodation. What’s more, a recent consumer survey by PropertyGuru revealed that half of all Singaporeans are likely to delay their plans to buy a home due to inflation fears, while one in four are considering dropping their plans completely. With the rental market looking increasingly expensive and volatile, renting a room in co-living spaces like Coliwoo is becoming a more viable option in Singapore, for expats and local renters alike.
Co-living in Singapore gives you the best of both worlds. You get your own private space with community areas that allow you to connect with fellow renters from every walk of life. Not sure what co-living is all about? Here are some of the things you can look forward to at Coliwoo, an urbanised co-living community with locations across the island – including their newest release in the heart of Orchard.
5 perks of staying in co-living apartments in Singapore
#1 Fixed rates provide a more cost-effective solution
With a rental apartment, you have to keep aside additional money for extra monthly costs like utilities and broadband. These costs can differ from month to month, which makes it difficult to plan your budget. Co-living spaces like Coliwoo, on the other hand, include stable amenities and maintenance fees in their rental rates, making it a more cost-effective and hassle-free option.
#2 Fully furnished rooms – only bring your personal belongings
Not all rental apartments come fully-furnished. So you may have to set aside a separate budget for buying furniture and essentials. That also counts for if you’re only moving to Singapore for a short period of time.
In Coliwoo’s properties, on the other hand, providing a self-sufficient studio aspartment environment is paramount. As such, each studio unit comes retrofitted with a queen-sized bed, ensuite bathroom, kitchenette, wardrobe cum personal storage area, vanity, dining table, smart television, and workstation. It’s essentially a home away from home with none of the worries of dealing with a rented, unfurnished apartment.
#3 Enjoy an array of amenities and facilities
Renting a room with Coliwoo includes access to a range of communal facilities across the co-living spaces. In Coliwoo Orchard, for example, there’s a swimming pool, children’s pool, jacuzzi, coworking lounge, gymnasium and barbecue pit. Members can also enjoy the open plaza located next to the barbecue pit and swimming pool that can be transformed for events. From a tranquil group yoga session to a neighbourly picnic filled with laughter and fun, these shared areas provide members with the ideal space to meet, live and grow together.
Coliwoo also has an exclusive membership programme where members across all properties can redeem benefits such as discounts from partnering services and products.
#4 Well-connected locations – ease of travel to offices and schools
Coliwoo has 10 different co-living locations in Singapore, it’s easy to find one that’s convenient for you, whether you’re moving to Singapore to work or study, or you live here already but are waiting on construction and renovation delays. The properties are located near hawker centres and malls, which means loads of dining options! For instance, Coliwoo Orchard is just a few minutes’ walk from Orchard MRT Station. That means easy access to loads of shopping, entertainment and healthcare hubs.
#5 Flexible, independent leases
Traditional rental leases often pressure renters into entering long-term contracts, years long, that leave little room for flexibility. With Coliwoo, you can rent for as short as six nights, or on a monthly basis for greater flexibility. There are no restrictive long-term contracts – and no agent fees. You can always also extend your lease term with Coliwoo whenever you wish!
If community living sounds like it’s right for you, getting a membership and renting a room with Coliwoo is easy. Enquiries can be made directly by emailing enquiry@coliwoo.com. For more information on Coliwoo, click here.
Want more helpful tips? Head to our Living in Singapore section.
