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Singapore's 'red-hot' rents spur a co-living boom - and not just for expats

For most of her 15 years in Singapore , Amy Nguyen, a creative designer from Vietnam , has been living in rental properties. She most recently shared a three-bedroom apartment with her husband and a flatmate until the lease expired in September last year, sending her on a frantic house-hunt. "My husband and I decided to look for a one-bedroom...

Taiwan , Japan , Shanghai , China , United-states , Hong-kong , Bukit-timah , Singapore-general- , Singapore , Vietnam , Republic-of , South-korea

FIGMENT FOUNDS THE FIRST EVER METAVERSE COUNTRY FOR GLOBAL CITIZENS POWERED BY CITIZENSHIP NFTs

3rd March 2022, The Metaverse. (PRWEB) March 15, 2022 -- Figment is excited to announce the founding of the first ever Metaverse (cloud) country with the

Singapore , New-york , United-states , Czech-republic , California , India , Spain , Czech , American , Country-club , Embassy-house

Figment Partners Local Artists in Case Study Homes Expansion, Announces Upcoming Launch of $FIGMENT and Creator Residency Programme

Singapore, Singapore (PRWEB) January 11, 2022 -- Boutique hospitality company Figment is expanding its flagship series of homes known as Case Study homes in

Geylang , Singapore-general- , Singapore , River-valley , Khairullah-rahim , Leow-wei-li , Cai-weixian , Ministry-of-design , Community-patronage-figment , Creator-residency-programme , Red-dragon-house , Nature-shankar

Singapore Shophouses Are In High Demand For Investors–Here's Why

Shophouses have always had a cool factor about them. But these icons of Southeast Asian architecture are now sought-after by local and foreign investors alike for reasons beyond that

Singapore , Singaporeans , Yap-hui-yee , Unsplash-david-kubovsky , Clive-chng , Unsplash-danica-tanjutco , Instagram , Redevelopment-authority , Ministry-of-design , Shang-house , Scene-shang , Ivan-tan

Here's Why Shophouses in Singapore Are in High Demand Right Now

When you think of Singapore, the things that come to mind immediately are its multi-cultural cuisine, swanky malls and high-rise residences. Amidst these, and in complete contrast, are its bold, bright and ornate shophouses. As the name suggests, these often two- to three-level buildings, have shops on the lower levels and residences above—they used to house the merchants and owners of these shops in the 19th century. They are an integral part of Singapore’s heritage, and for years now locals and foreign investors have been vying for a piece of that pie.
The facade of the Shang House, a rental property marketed by Figment. Image: Ivan Tan, courtesy of Figment

Singapore , Singaporeans , Yap-hui-yee , Unsplash-david-kubovsky , Clive-chng , Unsplash-danica-tanjutco , Redevelopment-authority , Ministry-of-design , Why-shophouses , Singapore-are , High-demand-right , High-demand-right-now

Why Are Shophouses In Singapore In Such High Demand?

According to Knight Frank’s Wealth Report 2021, the number of Ultra High Net Worth Individuals—with a net worth of US$30 million inclusive of their primary residence—in 2020 went up by 10.2 per cent from 2019 despite the pandemic-led recession. “Besides other luxury properties in Singapore, shophouses also provide a draw for such investors looking into niche commercial space with cultural character,” says Sai.

The number is steadily rising, notes Clive Chng, associate director of Red Brick Mortgage Advisory. In 2020 amidst the pandemic, 135 shophouses were sold, which was a 10 per cent increase from the 123 shophouses that were sold in 2019.
Shophouses also provide a draw for such investors looking into niche commercial space with cultural character

Kuala-lumpur , Malaysia , Singapore , Singaporeans , David-kubovsky-unsplash , Danica-tanjutco-unsplash , Yap-hui-yee , Petaling-jaya , Clive-chng , Redevelopment-authority , Mandarin-oriental , Ministry-of-design-image

Why Figment CEO Fang Low is Betting Big on Singapore's Shophouses

The conceptual alabaster space was conceived by Ministry of Design (Photo: Courtesy of Figment)
What sparked the idea for Figment?
Fang Low: I wanted to help bring back shophouse living, and the first step in establishing Figment was to take a risk and reinvent the very same shophouse I grew up in as a boutique home for co-living. Local design firm Ministry of Design had the radical vision of painting the entire house white as a blank canvas for us to start writing this chapter in reimagining shophouses and the neighbourhoods around them.
What do you love about living in shophouses?

China , Italy , New-york , United-states , Melbourne , Victoria , Australia , Paris , France-general , France , Singapore , Tanjong-pagar

See Singapore's Colorful Shop-Houses | Travel + Leisure

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Singapore’s Candy-Colored Shop-Houses Are a Record of the City’s Multicultural History
The long-neglected architectural jewels, dating to the 19th Century, are now being celebrated and restored to their former splendor.
By
Simon Willis
February 21, 2021
When my wife and I moved to Singapore last year for her new job, I expected to be traveling into the future. On my previous visits, Singapore's famously efficient airport, Changi, had seemed like the principal node of a gleaming network of expressways, subway lines, and skyscrapers, all designed to maximize the flow of people and capital. It is a place where your car automatically pays for parking, where the traffic lights are controlled by artificial intelligence, and where the cityscape is gilded with ever more fantastical architectural forms. Marina Bay Sands, a triple-towered hotel and casino, is capped by a horizontal sky garden resembling a marooned spaceship. Gardens by the Bay, the park next door that had a starring role in

Malaysia , Changi , Singapore-general , Singapore , Netherlands , United-kingdom , Kesa , Sumatera-utara , Indonesia , National-university-of-singapore , China , Kampong-glam

Figment Launches THE CASE STUDY HOMES - A Laboratory for Co-Living, January 2021

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SINGAPORE, Jan. 14, 2021 /PRNewswire/ -- Figment is pleased to announce the launch of MONOCOT HOUSE & DICOT HOUSE, Figment's fourth and fifth additions to our flagship Case Study Homes series. The heritage shophouses, which bookend a row of five adjoining terraces on Tembeling Road, have been redesigned and adapted for shared living by award-winning local interior architectural firm The Monocot Studio.
Top Left: SHANG HOUSE Facade,Top Right: CANVAS HOUSE Facade,Bottom Left: SHANG HOUSE Suite, Bottom Right: CANVAS HOUSE Living Room
Top Left: SHANG HOUSE Living Room,Top Right: MONOCOT HOUSE Living Room,Bottom Left: STILL HOUSE Dining Room, Bottom Right: STILL HOUSE Suite

France , Singapore , Tanjong-pagar , Singapore-general , French , Cai-weixian , Colin-seah , Ministry-of-design , Case-study-homes , Tembeling-road , Mikael-teh , Monocot-studio

Figment Launches THE CASE STUDY HOMES - A Laboratory for Co-Living, December 2020

Figment Launches THE CASE STUDY HOMES - A Laboratory for Co-Living, December 2020
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Figment is pleased to announce the launch of MONOCOT HOUSE & DICOT HOUSE, Figment’s fourth and fifth additions to our flagship Case Study Homes series. The heritage shophouses, which bookend a row of five adjoining terraces on Tembeling Road, have been redesigned and adapted for shared living by award-winning local interior architectural firm The Monocot Studio.
The Case Study Homes are the flagship properties in Figment’s repertoire that have been extensively reimagined by a local designer for modern co-living.
SINGAPORE (PRWEB)
December 21, 2020
Since the launch of their first flagship properties in February, Figment has been making its name as a champion of shophouse living and local craftsmanship. This November, Figment revealed its latest additions, MONOCOT HOUSE & DICOT HOUSE, in the diverse and quirky neighbourhood of Joo Chiat.

China , Jingdezhen , Jiangxi , France , Singapore , Maldives , Tanjong-pagar , Singapore-general , Joo-chiat , French , Colin-seah , Loma-hotel