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Co-living and Co-working Trend boom in Asia



Co-living is a new way to share living space with others.  This trend is gaining popularity in many Asian markets especially as housing affordability is increasingly becoming a major concern for many young people.

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Co-living is a new way to share living space with others.  This trend is gaining popularity in many Asian markets especially as housing affordability is increasingly becoming a major concern for many young people.

Co-living and Co-working Trend boom in Asia Co-living and Co-working Trend boom in Asia / ph: pexels 


A recent JLL report shows that more and more millennials are looking for flexible jobs and places to live.  In addition to reasonable costs, co-living projects are often professionally managed and operated which make it easy for tenants to find the right apartment with the best service.

In Asia, co-living is becoming increasingly popular as young people are deeply involved in the workforce. This is a great choice for them when they can't afford or are not ready to own a permanent house.

Firstly, co-living provides a trendy living space in the context of increasing population density in urban areas and scarcity of housing supply.  These projects well meet the needs of workspaces, places to exchange and organize events, sports and entertainment facilities.

Secondly, co-living allows tenants to pay a reasonable fee instead of being burdened with a mortgage.  They have access to a modern and convenient living space with like-minded residents.  This increases community connectivity and expands the network of relationships between people living in the same building.

Co-living also allows tenants to work wherever they want (if the co-living owner has multiple projects in many different locations) and doesn't have to deal with the hassles of a traditional tenancy.

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On the other hand, Asian cities are growing rapidly, and urbanization is creating changes in people's lifestyles and mindsets. By bringing a whole new way of living, working and entertaining, co-living is creating a good wind in response to this change and is expected to partially redefine the rental housing market in Asia. Additionally, as more people work from home due to the pandemic, co-living is becoming more and more common.

Besides providing a modern and flexible accommodation, co-living is also an attractive tourist accommodation in the mid-range segment, bringing comfort to tenants wherever they go.

Co-living and Co-working Trend boom in Asia

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