While there may be few to no options for co-living in Singapore, don’t be quick to dismiss the notion. Startups are driving a growing interest in the arrangement, according to a report in The Business Times.
One of them is Fintech startup XFERS, that has secured US$2.5 million in funding from investors including Facebook co-founder Eduardo Saverin.
In addition to its office, XFERS has an apartment where employees gather to play games and have meals. At times, they spend the night to engage in discussions and brainstorm. E-commerce platform Shopback is another startup that is exploring co-living options.
Singapore is home to more than 5,400 tech startups, according to 2014 statistics. For the concept to work, members have to “contribute and compromise” to create an ideal environment, said Mr Darius Cheung, founder of 99.co.
What is co-living?
More than just shared living quarters, co-living is a modern form of urban housing inspired by millennial-generation values: openness, collaboration, social networking and the sharing economy.
Visit The Business Times for more.
About 99.co
We are a property search engine with the overarching goal of building a more transparent and efficient property market. We are working towards that future by empowering people with the tools and information needed to find a place to live in the best way possible.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
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If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
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