• The historic Phoenix Park site is located at 300-320 Tanglin Road with a size of 610,487 square feet (roughly the size of 8 soccer fields) comprising low-rise colonial-era buildings, a cluster of black-and-white colonial bungalows and surface car and motorcycle parking lots, has an estimated gross floor area of 119,338 square feet.

• This Phoenix Park site is set to be transformed into Singapore’s largest co-living destination, with over 700 keys, alongside an integrated wellness, F&B, and sports lifestyle ecosystem, representing the most ambitious co-living sector development in Singapore to date.

• Reinforcing TAP’s asset-light, co-investment strategy, this joint venture marks TAP’s third major collaboration with TS Home, following previous projects including Singapore’s first intergenerational co-living residence at the former Henderson Primary School, alongside three MOHH-related sites for foreign healthcare professionals’ accommodation.

• Together with TAP’s existing operational portfolio of over 3,400 keys across 100 locations and close to 1,500 keys in the pipeline, the addition of Phoenix Park (over 700 keys) further strengthens the Group’s trajectory towards its target of 10,000 keys by end-2030.

See full media release here: https://links.sgx.com/FileOpen/TAP%20-%20Press%20Release%20-%20Entry%20into%20JV%20Agreement_3%20June%202026.ashx?App=Announcement&FileID=891339