Co-living is all the acerbity appropriate now with players like Lyf, Hmlet, and Cove bustling up all over the island in contempo years.
Hmlet was afresh featured on LinkedIn’s account of top Singapore startups in 2020. Earlier in July, the startup additionally aloft US$40 actor (S$54.8 million) in a Series B round.
This is a attestation to the growing absorption that co-living is experiencing in Singapore.
Compared to approved rental, co-living offers beneath leases, common contest and spaces to advance a association bond.
However, back we anticipate of co-living spaces, we usually adjure up images of a aggregate amplitude in new condominiums.
Singapore-based Figment, a new amateur in the industry, is afraid things up by axis co-living into a affluence cultural experience.
Figment architect Fang Low grew up in and about absorption shophouses in Singapore, aloft by art-hoarding parents.
While commutual a business amount at New York University, he begin a job at accomplished art bargain abode Christie’s and this assignment acquaintance fuelled his absorption in art.
In his antecedent job as an advance broker at Goldman Sachs, he additionally moonlighted by curating art exhibitions out of abandoned shophouses.
In an account with Vulcan Post, the 32-year-old aggregate that he afresh accelerating with an MPA from Harvard and an MBA from Wharton.
While curating an exhibition in a shophouse, he realised that abounding exhibition-goers had enjoyed examination the shophouses aloof as abundant as the art.
“It addled me that these shophouses were aloof as accurate as Singaporean works of art,” said Fang.
He added that abounding bodies had little ability that one could absolutely alive in a shophouse. There are 857 residential shophouses in Singapore but best accept absonant rental prices.
This prompted him to barrage Figment with its first-ever beginning Case Study Home, Canvas Abode advised by Ministry of Design.
For this new initiative, Figment gave three bounded architectonics studios absolute freedom in transforming three shophouse interiors.
It was absolute artistic destruction. We had agreed to let Colin Seah acrylic my adolescence home, a two-storey bizarre shophouse on Blair Road, absolutely white, from attic to ceiling.
Figment was and still is the displace button, reimagining adaptive reclaim of our shophouse colloquial as bazaar homes and more.
Originally congenital in the 1920s, a shophouse anchored at Tanjong Pagar Blair Plain was angrily redesigned by artist Colin Seah of Ministry of Design.
The shophouse was additionally Fang’s adolescence home, which had housed three ancestors of Lows.
After its redesign, it was called Canvas Abode as its autogenous was absolutely whitewashed to anatomy a bare slate for residents.
According to Fang, abounding of us crave “proper anchors in the abstract to bigger acquaint the way we live.”
One such anchor, or assignment of art, is the shophouse, with its Islamic rain eaves, Chinese-inspired stuccoes, and European pilasters.
“It is an accurate appearance of Singapore we can absolutely be aggressive by,” said the Harvard graduate.
Figment anxiously curates aggregate in its active spaces from assorted bounded creatives, and anniversary shophouse is advised to clothing the history of the breadth it is anchored in.
We see ourselves artlessly as admiral of our ability and heritage, and aim to become a belvedere for showcasing elements of bounded art, architectonics and design.
The startup’s absorption to detail seems to accept paid off.
Since February this year, Figment has “more than doubled” the cardinal of shophouses beneath its administration to 16.
The aforementioned can be said for its acquirement and cardinal of members.
Fang’s eyes is for Figment to be a bazaar home operator, revitalising shophouses in assorted celebrated districts for the artistic class.
Like every co-living space, association contest are important.
At Figment, curated association contest booty the anatomy of cultural activities such as clandestine dinners with bounded chefs, and cocktail bond sessions with top bartenders
However, active in a bazaar shophouse comes with a price. A quick annal through the Figment website shows that the everyman amount is S$1,500 for a 245 aboveboard anxiety allowance in the Dicot Abode at Joo Chiat.
Prices can go all the way up to S$3,450 for a 490 aboveboard anxiety allowance with an ensuite bath at the Allenby Abode at Jalan Besar.
Fang is acquainted that Figment’s shophouse suites ability not be the best attainable artefact on the bazaar at their accepted amount points.
However, he is assured that Figment has managed to democratise shophouse active as bodies no best charge to pay upwards of S$8,000 to hire out an absolute shophouse.
Currently, he has affairs for Figment to administer HDB establishments such as Selegie Abode with “character”.
That said, he is adequate that “it more seems that we are not abnormally crazy, and that there are abounding others like us out there who ‘get it’ and are aflame by the anticipation of active in a ancestry shophouse.”
“I like to say Figment is not for everyone, but anybody is welcome.”
Featured Image Credit: Figment, Expat Living
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