Foreign students drive demand for co-living

Changing trends: Pedestrians in the central business district of Singapore. Various state properties have been repurposed for co-living use, with demographic-specific projects for healthcare workers and students. — Bloomberg

SINGAPORE: Demand from foreign students – especially from China – is fuelling growth in Singapore’s co-living sector, where the market is maturing and returns are moderating, a report by property consultancy JLL shows.

Foreign students now account for 25% to 40% of residents for some co-living operators, noted JLL.