The co-living market is taking off in Asia Pacific as more people migrate to cities for jobs or education opportunities. This is opening up new opportunities for real estate developers and investors around the region, according to JLL’s Co-living in Costly Cities – Asia Pacific report.
With property prices rising in gateway cities, co-living offers residents shorter and more flexible lease terms compared to condominiums, as well as ready-to-move-in convenience. According to a case study in the report, operators could save up to 25 percent in expenses over the traditional renting model.
At the same time, investors also stand to benefit from significant savings. By working with co-living operators that play a multi-functional role — the building manager who handles maintena
