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Single bids for Zion and Upper Thomson sites reflect new norm in the residential market

Single bids for Zion and Upper Thomson sites reflect new norm in the residential market
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JLL sees sustainable growth in Singapore s co-living market

Singapore s nascent co-living market is currently fragmented and small compared to other established markets, but will create significant opportunities for investors and operators in 2023 and beyond. According to JLL (NYSE: JLL), the market has the potential to expand by close to 3,000 keys by the end of 2023, building on the 9,000 rooms currently managed by 20 active co-living providers, as consumers seek more affordable and flexible housing options.

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