What The Assembly Place does

The Assembly Place (TAP) is a Singapore-based co-living operator and the largest in the country by market share, with approximately 3,422 keys across 100 properties representing 34% of Singapore's co-living sector as of its January 2026 IPO. Founded in 2017, TAP serves foreign professionals, expatriates, students, seniors, and short-term travelers through a tiered product portfolio — TAP Lite (shared-bathroom budget rooms from S$770/month), TAP Luxe (ensuite premium rooms), TAP Home (private apartments up to S$6,500+/month), and the CAMPUS by TAP student accommodation sub-brand (426 beds at Telok Kurau). The company also operates managed property services for landlords, generating revenue through rental share and management fees across a diverse asset base spanning heritage shophouses, landed homes, purpose-built residences, and private apartments.

TAP's core technology stack centers on an in-house proprietary CRM system and the TAP mobile application (iOS/Android), which together manage resident onboarding, stay details, maintenance requests, digital documents, and community updates. A website chatbot (TapBuddy) assists prospective residents with property matching. Distribution is primarily direct-to-consumer via the website, the TAP App, and WhatsApp-based sales support, supplemented by a property owner landlord portal for portfolio expansion. Recent strategic expansions include a JV with TS Group for intergenerational co-living (Commune @ Henderson) and foreign healthcare worker dormitories, provisional URA approval for a 152-key hotel conversion (Lian Huat Building), and international expansion into Kuala Lumpur and Cambodia.

Revenue is generated primarily from recurring monthly co-living rental fees, property management fees from landlords, and a growing base of managed services across the dormitory and hospitality segments. Pricing is all-inclusive (utilities, 1Gbps fibre broadband, weekly housekeeping, maintenance) with a 3-month minimum stay and monthly billing. Following a pre-Series A round of approximately S$5.33M in June 2024, TAP raised S$10.8M in net IPO proceeds on the SGX Catalist board (SGX:TAP) on January 23, 2026, with a 35.5x subscription rate, and is publicly targeting expansion to 10,000 keys by end-2030.

Name

The Assembly Place

Legal name

The Assembly Place Pte. Ltd.

Website

https://theassemblyplace.com

Company type

Public

Founded year

2017

Operating status

Ipo

Headcount range

1–10 employees

Short description

The Assembly Place operates Singapore's largest co-living platform, holding 34% market share across 100 properties and 3,422 keys. It serves foreign professionals, students, seniors, and short-term travelers through tiered brands including TAP Lite, TAP Luxe, TAP Home, and CAMPUS by TAP.

Ownership category

akta.pro rank

Product category

Co-Living / Flexible Housing

NAICS

Traveler Accommodation (7211), Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Co-Living Private Rooms (Short-Term) (THAMABAI)

akta.pro secondary industries

Co-Host / On-the-Ground Operations & Guest Services (BPAJAIAI), Summer/Conference Housing & Guest Accommodations (EDALACAI)

Keywords

• Co-living operator
• Flexible rental housing
• Student accommodation
• Property management services
• Community living

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Co-living Rental Income: The Assembly Place generates primary revenue from monthly rental fees charged to residents for co-living spaces. Fees are all-inclusive covering room rent, utilities, 1Gbps fibre broadband, weekly housekeeping, maintenance support, and resident privileges. Pricing ranges from S$770/month for TAP Lite shared-bathroom rooms to S$6,500+/month for premium units.
2. Property Management Services: The company provides property management services to landlords, handling tenant recruitment, daily operations, maintenance coordination, and monthly rental settlements. Revenue is generated through a share of rental income or management fees from property owners.
3. Foreign Worker Dormitory Operations: Following the JV win for foreign healthcare worker accommodation facilities with TS Group, the company generates revenue from operating worker dormitories with enhanced standards under the Dormitory Transition Scheme.
4. Hotel/Hospitality Operations: The company secured provisional URA approval to redevelop Lian Huat Building into a 152-key hotel, and launched a new hospitality brand with Social @ Outram (26-key boutique hotel), expanding into short-stay accommodation managed under the TAP Social Hotel concept.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

The Assembly Place operates a managed co-living platform in Singapore, leasing fully furnished rooms across TAP Lite, TAP Luxe, and TAP Home tiers for monthly recurring fees that bundle rent, utilities, 1Gbps fibre broadband, weekly housekeeping, and maintenance. The company also provides property management services to landlords under revenue-share arrangements, handling tenant sourcing, daily operations, and rental settlements, and operates student accommodation through CAMPUS by TAP and is launching TAP Social Hotel for short stays.

Product overview

The Assembly Place (TAP) operates a diversified co-living platform offering three primary product tiers: TAP Lite (budget-friendly shared bathroom rooms), TAP Luxe (premium rooms with ensuite bathrooms), and TAP Home (private apartments). The portfolio spans multiple property types including landed homes, purpose-built residences, heritage shophouses, hotels, and private apartments across Singapore. Sub-brands include CAMPUS by TAP (student accommodation) and TAP Social Hotel (short-stay hospitality, upcoming). The company operates a proprietary resident mobile application and AI-powered chatbot (TapBuddy) for property matching. As of 2026, TAP holds 34% market share in Singapore's co-living sector with 3,422 keys across 100 properties, and targets expansion to 10,000 keys by end-2030.

Differentiator

Problem solved

Functional benefit

Brands

• CAMPUS by TAP: Student-friendly accommodation designed for convenient daily living with practical room options and access to essential amenities.
• TAP Social Hotel

Products and services

• TAP Lite Budget-friendly co-living option offering private rooms with shared bathroom facilities for singles and students, with monthly rent starting from S$770 for campus properties (e.g., 11A Maria Avenue from S$1,300, Lor 29 Geylang from S$1,500, 161 Lavender Street at S$1,800). All-inclusive pricing covers rent, utilities, 1Gbps fibre broadband, weekly housekeeping, and maintenance.
• TAP Luxe Premium co-living option providing private rooms with ensuite bathrooms for couples or professionals seeking a classic co-living experience with enhanced comfort. Example pricing: 3 Charlton Residences from S$1,600/month, 78 Moh Guan from S$2,300/month, Serene Living at S$2,450/month. All-inclusive pricing with utilities, WiFi, housekeeping, and maintenance bundled.
• TAP Home Private apartments or entire units offering maximum privacy and space for friends, families, and colleagues seeking a self-contained living space with shared lifestyle facilities. Examples: UOB Centre from S$6,500/month (6-month flexible lease), Serviced Residences @ Stevens from S$5,200/month (1-week minimum), The Sterling 3-bedroom from S$6,500/month.
• CAMPUS by TAP - Telok Kurau (426 beds) Student-specific accommodation brand offering well-located housing with practical room options and access to essential amenities for young residents seeking a connected community. Operated through campusbytap.com. Winner of the Co-Living Excellence Award (PropertyGuru Asia Property Awards 2024).
• Commune @ Henderson Intergenerational co-living project developed in partnership with TS Group, pairing seniors with students in Singapore's first inter-generational community living arrangement to address senior loneliness and societal stigma around eldercare.
• TAP Mobile Application Resident mobile application (iOS and Android) providing quick access to support, stay details, digital documents, maintenance requests, community updates, nearby amenities, and exclusive resident privileges including offers from 30+ partner businesses across Singapore.
• Property Management Services Property management services offered to landlords via the Landlord Portal at theassemblyplace.com/landlord/, handling tenant recruitment, daily operations, maintenance coordination, and monthly rental settlements in exchange for a share of rental income or management fees.
• TAP Social Hotel Hospitality sub-brand offering flexible social stays designed for short-term living and modern travel, including flexible short-stay accommodation such as the 26-key Social @ Outram boutique hotel.

Quantifiable outcome

• Revenue grew 174% from S$6.9M (FY2022) to S$18.9M (FY2024); H1 2025 earnings up 200% vs prior year period
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• SediflyminorGTM or Marketing Partner · 22 June 2026Eugene Lim of The Assembly Place spoke as industry speaker at Sedifly's THE FUTURE Student Summit 2026, with over 400 student registrants, positioning TAP in front of student accommodation market segment.
• Hong Lai HuatminorStrategic or Co-development Partner · 28 November 2024Signed strategic term sheet to bring co-living concept to Cambodia, marking TAP's first international expansion partnership for Southeast Asian market development.
• TS GroupcoreStrategic or Co-development Partner · 28 February 2024Joint venture partner for multiple projects including Commune @ Henderson (intergenerational co-living), foreign healthcare worker accommodation facilities, and worker dormitory operations. TS Group-TAP JV submitted highest bid of S$102,888/month for Henderson Rd senior co-living site.
• Wu Wang Guo (勿忘锅)minorGTM or Marketing PartnerF&B partner offering resident discounts as part of TAP's privilege ecosystem with 30+ partner brands across beauty, wellness, fitness, F&B, and lifestyle categories.
• WorkbuddyminorGTM or Marketing PartnerPartner brand in TAP's resident privilege network, providing services and discounts to TAP community members.
• STR Fitness ClubminorGTM or Marketing PartnerFitness partner offering complimentary gym trials and resident discounts as part of TAP's lifestyle privileges ecosystem.
• Aesop SkincareminorGTM or Marketing PartnerWellness partner offering exclusive 15% discount for residents on all formulation purchases, promoted through TAP's partner privilege program.

Scale indicators10 records

Recent moves20 records

Expansion highlights3 records

Broad incumbents

• WeWork: Global flexible workspace operator that has expanded into co-living through WeLive and related offerings. Comparable in offering flexible, community-oriented space as a broad flexible-living incumbent.
• The Ascott Limited (CapitaLand): Largest serviced residence operator in Asia Pacific with extensive Singapore presence. Overlaps with TAP's serviced apartments and TAP Social Hotel offerings as a broader incumbent in extended-stay accommodation.
• Frasers Hospitality: Singapore-listed hospitality group operating serviced residences, hotels, and premium rental properties. Overlaps with TAP's serviced apartment and hotel conversion strategy as a diversified incumbent.

Direct peers

• Common: US-based co-living operator offering coliving apartments in major US cities. Comparable operating model with managed shared living spaces and all-inclusive pricing.
• Habyt: Berlin-headquartered co-living operator with presence across Europe and Asia. Comparable in offering flexible, professionally managed co-living spaces with technology-enabled resident experience.
• Hmlet: Singapore-headquartered co-living operator with comparable product offering across private/shared rooms and serviced apartments. Direct head-to-head competitor in TAP's core Singapore market.
• Quarters: Berlin-based co-living operator with curated furnished shared apartments across European cities. Comparable in offering design-led, community-oriented co-living with all-inclusive service model.
• Cove (formerly EasyCo by Asurion): Southeast Asian co-living operator (Singapore, Indonesia, Vietnam, etc.) backed by Asurion. Closest regional competitor with similar product-led approach and target customer base.

Regional players

• Tripalink: US-based next-generation housing operator focused on student and young professional co-living. Comparable to TAP's CAMPUS by TAP student accommodation segment, though operating primarily in the US market.

Emerging players

• Selina: Lifestyle-focused accommodation brand targeting digital nomads and younger travelers with hotels and co-living spaces. Comparable in offering community-driven short-to-mid-stay accommodation with flexible booking models.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/theassemblyplace
• Facebookfacebook.com/theassemblyplace
• LinkedInlinkedin.com/company/the-assembly-place
• Instagraminstagram.com/theassemblyplace
• TikToktiktok.com/@theassemblyplace

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Assembly Place