Co Living in Singapore Explained: A Smart Alternative to Renting?

Co Living in Singapore Explained: A Smart Alternative to Renting?

In a city like Singapore where real estate prices can make your head spin—finding the right place to live isn’t just about location. It’s about lifestyle, cost, convenience, and flexibility.

That’s where co living in Singapore comes into the picture.

You’ve probably heard the term thrown around, especially if you’re a young professional, remote worker, or expat. But what exactly is co living, and is it actually a better alternative to traditional renting?

Let’s break it down.

🏢 What is Co Living?

Co living is a modern housing concept where residents share common spaces like kitchens, living rooms, and lounges while enjoying fully furnished private bedrooms. Think of it as a cross between a serviced apartment and a community-driven hostel, designed for long-term stays.

What sets co living apart is:

• Flexible leases (often monthly)
  
  

• All-inclusive rent (utilities, Wi-Fi, cleaning, even Netflix)
  
  

• Community activities and networking opportunities
  
  

• Hotel-like perks (weekly housekeeping, fully stocked kitchens, etc.)
  
  

In short: co living is renting but upgraded for how people live and work today.

🌏 Why Co Living is Booming in Singapore

Singapore’s property market is famously competitive and expensive, especially for foreigners or young locals not ready to commit to long leases.

Here’s why co living in Singapore is taking off:

• High rental prices: A decent studio can cost SGD 2,500+ in central areas
  
  

• Lack of flexibility: Standard rental leases lock you in for 1–2 years
  
  

• Upfront costs: Deposits, furniture, utilities, and agency fees can stack up
  
  

• Urban loneliness: Co living offers a built-in social circle great for newcomers or solo expats
  
  

Add to that the rise of remote work and digital nomadism, and co living suddenly looks very appealing.

🧑‍🤝‍🧑 Who is Co Living For?

Co living in Singapore isn’t for everyone but it does appeal strongly to:

• Young professionals who want convenience and flexibility
  
  

• Expats new to Singapore looking for short- or medium-term stays
  
  

• Digital nomads who want a work-live-play setup without the hassle
  
  

• Students or interns needing affordable, well-located housing
  
  

• Locals saving up for their own home but wanting privacy and comfort now
  
  

The vibe is social, but not party-style. Most co living spaces in Singapore attract working professionals aged 25-40 who value comfort + community.

💡 How Does Co Living Work in Singapore?

The process is surprisingly simple.

1. Choose a provider: Big names include Hmlet, Cove, Lyf by Ascott, and Figment
   
   

2. Browse available rooms: Most websites let you filter by location, budget, and amenities
   
   

3. Book online or schedule a virtual tour
   
   

4. Move in furnished room, utilities, Wi-Fi, and cleaning are already included
   
   

5. Join events, meet your flatmates, and enjoy the stay
   
   

It’s a plug-and-play solution that skips the headache of dealing with landlords, furniture shopping, or confusing contracts.

📍 Where Are Co Living Spaces Located?

Co living options in Singapore are spread across various neighbourhoods each catering to different lifestyles and budgets.

Most co living providers prioritize access to MRT stations, cafes, and co working spaces.

💰 How Much Does Co Living in Singapore Cost?

It varies based on location, room type, and provider but here’s a rough idea:

What makes co living appealing is zero hidden costs. No need to budget separately for Wi-Fi, power, or furniture.

🔍 Co Living vs Traditional Renting: A Quick Comparison

So, is co living always cheaper? Not always but you get a lot more value and convenience, especially if you're staying short to medium term.

🙋‍♂️ Pros and Cons of Co Living in Singapore

👍 Pros:

• No long-term commitment
  
  

• Move-in ready (zero furniture shopping)