“85% of TAP members are 34 years old and below, which is a very young demographic. 95% of them are foreigners. 75% of them are in their mid-20s, under 30 years old,” says Lim to City & Country. “When you look at this group of individuals, it’s their first time coming to Singapore. As a [co-living] operator, other than just the space that we provide for them, we also take on the role of their parent.”
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13 Nov 2026
Investors, assemble! The Assembly Place races towards 10,000 keys with stake in living sector fund
With a target size of $300 million, the living sector fund managed by Singapore-based multi-family office and alternative asset fund manager ICHAM aims to acquire and add value to Singapore properties over the next three years
Managing industrial assets such as factories and warehouses is a world away from operating co-living properties. Indeed, Eugene Lim sees The Assembly Place (TAP) taking on a parental role for the young people who come through its doors as residents.