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Living out of the box

Samantha Chiew
Samantha Chiew • 12 min read
Living out of the box
Lyf one-north Singapore at 80 Nepal Park is managed by The Ascott, the lodging business unit of property giant CapitaLand Investments. Photo: lyf
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Amid stress-inducing high property rents, co-living spaces are looking increasingly attractive for expats and locals

Despite higher interest rates, prices of residential properties in Singapore continue to scale new highs, driven by investors who remain enamoured with this asset class, and real demand for those who want a home to call their own.

The series of government property cooling measures, including the most recent round on April 26, is of cold comfort to many looking for a temporary place to rent in the past two years or so — only to find asking rents reaching new highs too. Many of these tenants have turned to the emerging co-living sector as an alternative to renting their self-contained apartments.

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