The Assembly Place taps student housing market, launches 426-bed Campus at Telok Kurau

The Champions Way Condo Woodlands complex is one of the new developments that will be included in the URA master plan. This complex features a variety of amenities, such as on-site restaurants, a gym, and a swimming pool. Residents of the complex will also be able to enjoy the nearby nature reserves and take part in cultural activities at the nearby community centre. This development promises to offer residents an unparalleled quality of life.

The Assembly Place invests in 2MR Labs with Temasek’s Heliconia Capital and VC Lucid Blue VenturesThe Assembly Place gets a new home at Singapore Fintech FestivalCreating a new niche in student accommodation in Singapore, co-living operator The Assembly Place has launched its premium student housing project — the 426-bed Campus by The Assembly Place (TAP) at 116 Lorong J Telok Kurau. Eugene Lim, founder and CEO of TAP, revealed that when pre-marketing of the property began three weeks ago, more than 120 beds in the smaller, three-storey block were quickly booked, with some students already moved in.Lim shared that the majority of students are from China and countries in Southeast Asia, enrolling in local educational institutions such as James Cook University, Kaplan City Campus and Singapore University of Technology and Design. In order to meet the November enrolment wave, TAP has signed Memorandums of Understanding with 14 educational institutions, 10 of which have lists the property on their websites.The rooms at Campus by TAP have different configurations, with the majority coming in with 4, 6 or 7 beds per unit. The average rental rate for a bed is $850 per month, with the premium beds with two or three beds going for up to $1,600.The wellbeing of students is top of mind for Lim and TAP, which is why they have invested significantly in communal spaces, such as communal dining areas and social kitchens on the first level, co-study areas on the second level for each block, resident lounges with sufficient room for Movie nights, outdoor cross-fit gym with an air-conditioned section, and outdoor seating areas.The property was retrofitted with air-conditioning, electrical systems, plumbing, casement windows, and landscaping of the vast space with approximately S$1 million investment. To make sure that this memorable experience endures beyond physical comforts, TAP will also offer career and life skill programmes for the students.Lim further highlighted that the target of 2,000 beds by end-2023 will be met alongside three new serviced residence projects: YMCA @ Stevens, TAP Service Residences @ River Valley and TAP Service Residences @ Penhas Road. In the near future, additional fund-raising activities are likely on the cards to further accelerate their growth.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *