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COTD: Co-living space surges as inventory rises 17%

Since 2022, the sector has recorded $1.4b in transaction volumes.

Singapore's co-living sector has grown with room inventory expanding by 17% between 2023 and 2025, according to a JLL report.

Since 2022, the sector has recorded $1.4b (US$1.1b) in transaction volumes, where the dominant strategy is acquiring hotels, offices and hostels for conversion to co-living.

Moreover, the occupancy rates have normalised from pandemic highs to a healthy 85 to 95% market-wide.

The top five operators—coliwoo, cove, lyf, HABYT, The Assembly Place—maintain a market share of 65.3% of the total stock, due to operating leverage from shared services such as housekeeping and maintenance.

($1=US$0.76)
 

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