Asia jumps on co-living bandwagon to draw young, mobile talent

Singapore's Ascott aims to expand from 17 properties under 'lyf' brand to 150 by decade's end

Shared spaces at a lyf property in a Singapore mall are used by residents and nonresidents alike. (Photo by Takashi Nakano)

TAKASHI NAKANO, Nikkei staff writer

May 15, 2022 05:51 JST

MANILA -- As the shift to telework amid the pandemic untethers many from their offices, co-living properties that let people live and work in common spaces are popping up around Asia to accommodate an increasingly mobile talent pool.

Ascott, a unit of Singapore's CapitaLand investment, opened its newest co-living property under the lyf brand this April at "one-north," an office and research hub in central Singapore.