The Meeting Place to open first Service Condo, 1500 operational rooms throughout 110+ areas by June 2023

The Meeting Place (TAP) can be opening its first service house at 58 Stevens Highway – The Meeting Place @ Stevens – in a five-year partnership with the Metropolitan YMCA (MYMCA). It can start welcoming friends from March 2023.

This service house contains 27 absolutely furnished items, from a spread of Studio residences to three bedrooms household suites, consisting of a complete of 46 rooms.

These present home-style consolation and house for enterprise and household travellers which might be searching for a longer-term keep. As well as, it’s strategically positioned within the metropolis fringe, a number of minutes’ stroll away from the Stevens MRT station and inside a brief distance to the bustling Orchard Highway.

“We’re excited to accomplice with MYMCA, who share the identical values, perception, and imaginative and prescient in constructing a sturdy neighborhood to launch our first service house asset in Singapore. We sit up for working intently with the workforce at MYMCA over the subsequent 5 years,” stated Eugene Lim, CEO and Founding father of The Meeting Place.

“That is an thrilling time for The Meeting Place as this service house house provides to our different lodging courses like residential, lodges and hostels. This may strengthen TAP’s place because the lodging of alternative, and we’re wanting ahead to including on extra lodging courses over the subsequent few months to service the rising calls for of recent members,” he added.

With the reopening of borders and the sturdy restoration of the tourism business, it’s well timed so as to add on service residences to TAP’s portfolio, along with the opposite 2 lodges and a hostel that’s already working underneath The Meeting Place model.

The Meeting Place @ Stevens, Service Residences would be the first out of the 4 service residences that can be launched underneath The Meeting Place model this yr.

Efficiently Launched 2nd Co-Residing Lodge

In January 2023, The Meeting Place additionally efficiently launched its second co-living lodge, The Meeting Place, A Co-Residing Lodge @ Veerasamy, with sustainability as its core focus.

It partnered with a home-grown firm, Cloversoft to supply environmentally and eco-friendly merchandise in every of the lodge rooms.

“We’re excited to accomplice with Cloversoft in taking TAP’s first step in direction of sustainability, to supply protected and eco-friendly merchandise to our friends,” stated Lim.

Since launching final month, TAP has achieved a median of 85% occupancy price with a single room ranging from S$110 per night time to S$200 per night time for the household room.

1500 Rooms to be in Operation by June 2023

Since crossing 1000 rooms in September 2022, The Meeting Place has secured near 400 rooms within the pipeline to be progressively launched over the subsequent few months.

Certainly one of which is an 80-room house within the East space that the group can be taking up in April this yr. Located close to the award-winning 152-room, purpose-built co-living house, Mill at 32, the 152 rooms at Mill at 32 have achieved a median of 98% occupancy over the previous 1 yr.

“We’re assured that the extra 80 rooms close to this location will serve the rising demand of members searching for house on this location,” stated Lim.

One other one would be the 40-room, newly developed residential constructing alongside Mattar Highway, which is focused to acquire its Momentary Occupation Allow (TOP) within the subsequent one to 2 months. This would be the first constructing asset that TAP has on this space, and it’s inside a 5-minute stroll to Mattar MRT station.

TAP additionally launched a 4-storey residential constructing block alongside Duke Highway in 2 phases. Works began in October 2022 for this 42-room residential constructing and had been accomplished in early February. For the reason that launch, TAP has seen sturdy curiosity and take-up price, with 50% being leased inside per week and anticipated to cross 90% by finish of February 2023.

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