Special Feature

A new and lyf-ly way of living

October 27, 2023 10:52 AM SGT

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In the fast-paced, ever-evolving landscape of Singapore, one trend that is making significant waves in the real estate industry is coliving. Living in a co-living space is not just about renting a room; co-living is a lifestyle that mixes private living spaces with shared amenities, all under one roof. It is a modern solution to a variety of issues in renting a space to live in Singapore: sky-high rents, social isolation, and the quest for a more sustainable way of living.

The way Genevieve Khua, country director, revenue management and area manager, for co-living player lyf, sees it, the co-living concept is important in Singapore for several reasons. “As a small city-state with limited space, there is the constant challenge of providing affordable housing options in prime locations. Co-living addresses this issue by offering strategic locality with shared living spaces, allowing residents to enjoy the convenience without breaking the bank,” elaborates Khua.

Furthermore, Khua points out that not only have property prices in Singapore been soaring, but the cost of living too has followed suit. This has caused many young professionals, both local and from overseas, to struggle finding an affordable accommodation.

“Co-living offers a cost-effective solution by providing fully furnished apartments with shared amenities, significantly reducing living expenses and yet allowing residents to enjoy a comfortable lifestyle. Its flexibility in terms of rental duration allows residents to adapt according to their changing circumstances,” says Khua.

Apart from enjoying the convenience and cost savings, co-living promotes a sense of community and social interaction, which is especially valuable in urban settings where people can feel isolated. This is especially beneficial for foreigners. Khua explains that the lyf concept offers a unique way to connect and network with fellow residents rather than the cookie-cutter hotel rooms, where guests do not have the opportunity to socialise.

At the forefront of this shift towards community-based living is lyf, a brand by The Ascott Limited, the lodging arm of CapitaLand Investment. While this trend is still growing, lyf has already planted its flag in Singapore. There are three lyf properties in the city-state — lyf Funan, lyf Farrer Park and lyf one-north.

“The response from guests opting to stay at lyf properties has been quite positive. The lyf properties have achieved an occupancy of 85%, which indicates that the properties can attract a steady stream of guests with its competitive pricing and unique offerings,” shares Khua.

Catering to varied lifestyle needs

Short-term or long-term, locals or expatriates, the co-living model caters to a wide range of demographics. lyf is a concept that stands out even in this innovative market. With the backing of CapitaLand Investment, lyf aims to provide an unparalleled living experience to the community-seeking urban dweller. As a part of Ascott’s latest brand refresh, lyf is spearheading a hybrid accommodation model, offering both short-term and long-term accommodations that suit varied travel and living preferences.

One of lyf’s latest locations is in one-north, a sanctuary in the perfect locale. Being near the MRT station is a clear advantage for daily commuters and explorers alike, while its proximity to the business hubs in the area makes lyf one-north Singapore the perfect space for business travellers who have to frequent the area. However, the beauty of its location lies in its calculated distance from the buzzing city centre, offering residents the tranquillity they often miss in metropolitan life.

Despite its distance away from the city, lyf ensures that guests are entertained. One of the most remarkable features of lyf one-north Singapore is its emphasis on fostering social interactions among its residents. The property features unique social spaces, such as shared kitchens, lounges and co-working spaces, which not only promote interaction but also instigate intellectual and creative exchanges.

“While the hardware such as property layout, room size and social spaces is similar [to other coliving players], the ‘heartware’, which is one of our unique selling points, is vastly different. lyf properties are known for their vibrant, dynamic and Instagrammable communal spaces, which foster a sense of community and social interaction among residents,” tells Khua.

“The regular social activities and events provide opportunities for residents to network and connect with like-minded people in the area. This combination of amenities and location makes lyf one-north Singapore an attractive choice for those looking for a convenient and community-centric living experience,” adds Khua.

An exciting line-up of in-house social events ensures that life at lyf one-north Singapore is as intellectually stimulating as it is fun. From cooking classes to workshops and community service opportunities, the events are designed to bring together like-minded individuals who can share, learn and grow together.

The green commitment

One of the most commendable aspects of lyf one-north Singapore is its commitment to sustainability, a feature that is attracting a growing number of environmentally conscious travellers and residents. The facility is not merely giving lip service to the idea of green living, it is taking concrete steps to make it a reality.

As part of the SG Green Plan, lyf one-north Singapore has introduced an end-of-trip facility that includes bicycle lots and showers to encourage a car-lite lifestyle. Residents who prefer cycling to work or those on cycling trips at one-north can utilise these facilities, making it easier for individuals to opt for more sustainable transportation methods.

lyf one-north Singapore has also received the Green Mark GoldPLUS certification from Singapore’s Building and Construction Authority. This implies that the property adheres to stringent criteria that improve energy efficiency and reduce carbon footprint. Room occupancy sensors ensure that electricity consumption is minimised, with lights and air-conditioning automatically switching off when rooms are unoccupied.

The commitment to sustainability goes beyond just energy conservation. The facility replaces single-use plastic water bottles with water dispensers on every level. Additionally, lyf utilises a guest room management system to conserve energy usage when the rooms are unoccupied.

Designed by local architectural firm Woha, lyf one-north Singapore boasts features that promote not just beauty but also sustainability. The facility comprises two towers connected via a link bridge, designed to promote bonding, wellness and community-building. Artworks by Singapore-based artists add a local flavour and artistic touch to various locations within the property.

Furthermore, lyf one-north Singapore collaborates with bike-sharing service Anywheel and car-sharing service GetGo to offer exclusive discounted rates for residents. It also hosts sustainability-themed events like “lyf Sustainival”, where sustainable products are showcased, educating and engaging the community.

With its excellent blend of community interaction, strategic location and sustainability, lyf one-north Singapore is not just providing a place to stay; it is providing a lifestyle to embrace. In a world where housing costs are escalating and the need for community and sustainability is more significant than ever, lyf onenorth Singapore offers a compelling case for why co-living is not merely a trend but a long-term solution for modern living challenges.

Be it for the young professional looking for a flexible living arrangement, a student seeking a community, or an environmentally conscious traveller wanting a sustainable stay, lyf one-north Singapore may just have the key to the ideal lifestyle.

Book a room at lyf now:

https://www.discoverasr.com/en/lyf/singapore/lyf-one-north-singapore

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