The Assembly Place
The Assembly Place is a Singapore-based co-living and accommodation operator founded in 2019.
Last updated August 31, 2026
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Overview
The Assembly Place, commonly abbreviated as TAP, is a Singapore-based co-living and accommodation company founded in 2019 by local entrepreneur Eugene Lim. The business began with six rooms and developed into an operator covering several accommodation formats, including conventional co-living residences, co-living hotels, hostels, student housing and lodging intended for foreign healthcare workers. Its operating model combines management contracts with leased properties, allowing the company to manage accommodation assets without relying exclusively on direct ownership or long-term head leases. The company describes itself as an operator spanning a broad spectrum of accommodation spaces. By 2021, its portfolio was reported to comprise approximately 60% management contracts and 40% straight leases. That year, The Assembly Place raised S$5.55 million in seed funding in a round led by Eric Low See Ching, an executive director and deputy chief executive officer of Oxley Holdings. The company also received the Best Co-Living Space award at the Asia Property Awards in 2021. TAP expanded through acquisition, new concepts and partnerships. In March 2022, it acquired Liberto, the operator of Commontown Singapore's co-living spaces. The transaction included Liberto's assets, head leases and sub-leases, representing roughly 120 rooms across 10 locations. Later in 2022, TAP opened The Assembly Place at Mayo, a co-living hotel created through the refurbishment of the former Mayo Inn. It also launched its first co-living hostel in November 2022, with 31 rooms and 180 beds. The company moved into larger and more specialised accommodation projects in 2023. In October of that year, it launched Campus by the Assembly Place, its largest co-living location at the time. The student-oriented property provided 426 beds across more than 100,000 square feet and included more than 20 facilities. TAP also signed memorandums of understanding with 14 educational institutions, including James Cook University and the Singapore University of Technology and Design, to support its student-housing proposition. TAP's institutional and workforce-housing activities also broadened its business scope. In August 2023, the company, together with TS Group, won a tender from MOH Holdings to retrofit buildings into accommodation for approximately 1,800 foreign healthcare workers across five sites. The company subsequently raised S$5.33 million in a pre-Series A financing exercise anchored by Apricot Capital, exceeding its initial S$5 million target. The funding was intended to support expansion from approximately 1,800 keys toward more than 5,000 keys by the end of 2025, as well as projects including healthcare-worker lodging facilities at 1A Short Street. In February 2024, TAP was selected as asset manager for Serene Centre in Bukit Timah, a property acquired by Apricot Capital. The company was also involved with Apricot Capital in premium student-housing projects in the Telok Kurau area, including the Campus by the Assembly Place development. According to the cited reference material, The Assembly Place Holdings listed on the Singapore Exchange's Catalist board under the stock code TAP in January 2026. Its business therefore combines accommodation operations, property and asset management, development partnerships and specialised housing solutions, with Singapore as its documented market.
History
The Assembly Place was established in Singapore in 2019 by entrepreneur Eugene Lim. It started with six rooms and was built as a co-living operator rather than as a conventional property owner. The company's stated scope was unusually broad for the Singapore co-living sector, covering different accommodation formats and operating arrangements. Its portfolio combined management contracts with straight leases, reported in 2021 as a 60% to 40% split respectively. In 2021, TAP secured S$5.55 million in seed financing led by Eric Low See Ching, an executive director and deputy chief executive officer of Oxley Holdings. The same year, it received the Best Co-Living Space award at the Asia Property Awards. These developments provided both external funding and industry recognition as the company sought to scale its accommodation platform. Expansion accelerated in 2022. In March, TAP acquired Liberto, the operator of Commontown Singapore's co-living spaces. The transaction included the acquired business's assets, head leases and sub-leases, representing approximately 120 rooms across 10 locations. In September, TAP entered the co-living hotel segment by opening The Assembly Place at Mayo, a refurbished former Mayo Inn. In November, it launched its first co-living hostel, containing 31 rooms and 180 beds. In 2023, the company expanded into student accommodation and institutional housing. Campus by the Assembly Place opened in October as TAP's largest co-living property. The project contained 426 beds across more than 100,000 square feet and offered over 20 facilities. TAP also signed MOUs with 14 educational institutions, including James Cook University and the Singapore University of Technology and Design, linking its student-housing proposition with the education sector. The company also pursued workforce accommodation through a public-sector-related tender. In August 2023, TAP and TS Group won a tender from MOH Holdings to retrofit five sites for housing approximately 1,800 foreign healthcare workers. During the same period, TAP raised S$5.33 million in pre-Series A funding anchored by Apricot Capital. The financing exceeded an initial S$5 million target and was intended to fund expansion from about 1,800 keys to more than 5,000 by the end of 2025, alongside projects such as healthcare-worker lodging at 1A Short Street. TAP's relationship with Apricot Capital extended beyond financing. The parties had collaborated on premium student housing at 116 Lorong J and 119 Lorong K in Telok Kurau, associated with Campus by the Assembly Place. In February 2024, TAP was selected as asset manager for Serene Centre in Bukit Timah, a property acquired by Apricot Capital. This reflected the company's evolution from a small co-living operator toward a broader accommodation and property-management platform. The cited Wikipedia material reports that The Assembly Place Holdings listed on the SGX Catalist board in January 2026 under the ticker TAP. No additional verified information about the listing terms, valuation, share price or subsequent financial performance is included here.
- 2026
Reported SGX Catalist listing
[1]The Assembly Place Holdings was reported to have listed on the Singapore Exchange Catalist board under ticker TAP.
- 2024
Serene Centre asset-management appointment
[1]TAP was selected as asset manager for Serene Centre in Bukit Timah.
- 2023
Campus by the Assembly Place opens
[1]TAP launched a 426-bed student-focused property exceeding 100,000 square feet.
- 2023
Healthcare-worker housing tender
[1]TAP and TS Group won a tender to retrofit five sites for approximately 1,800 foreign healthcare workers.
- 2022
Liberto acquisition
[1]TAP acquired Liberto's Commontown Singapore accommodation operations, covering approximately 120 rooms across 10 locations.
- 2022
Mayo co-living hotel and hostel launches
[1]The company opened The Assembly Place at Mayo and launched its first co-living hostel.
- 2021
Seed financing and industry award
[1]TAP raised S$5.55 million in seed funding and was named Best Co-Living Space at the Asia Property Awards.
- 2019
Company founded
[1]Eugene Lim founded The Assembly Place in Singapore, initially operating six rooms.
Products and positioning
A Singapore accommodation operator positioned around flexible, community-oriented living and a diversified platform covering co-living, student housing, hostels, hotels and specialised workforce accommodation.
Co-living accommodation · 2019
Co-living residences
The company's core offering consists of managed and leased co-living properties in Singapore. These residences form the base of TAP's platform and are delivered through a combination of management contracts and straight leases, enabling the operator to serve residents across multiple property formats.
Co-living hotel · 2022
The Assembly Place at Mayo
Opened in September 2022, The Assembly Place at Mayo is a co-living hotel created through the refurbishment of the former Mayo Inn. It represents TAP's move beyond standard room-based co-living into a hospitality-oriented accommodation format.
Hostel accommodation · 2022
The Assembly Place co-living hostel
Launched in November 2022, TAP's first co-living hostel comprised 31 rooms and 180 beds. The concept extends the company's shared-living model into higher-density hostel accommodation.
Student accommodation · 2023
Campus by the Assembly Place
Campus by the Assembly Place is TAP's student-oriented accommodation concept. Launched in October 2023, its largest reported site provided 426 beds across more than 100,000 square feet and included over 20 facilities. TAP connected the concept with educational institutions through MOUs.
Workforce housing · 2023
Healthcare-worker lodging facilities
Through a joint venture with TS Group, TAP won a tender to retrofit five sites into accommodation for approximately 1,800 foreign healthcare workers. The initiative includes facilities such as the reported project at 1A Short Street.
Asset management · 2024
Property and accommodation asset management
TAP also provides operating and asset-management capabilities for accommodation and property projects. In February 2024, it was selected as asset manager for Serene Centre in Bukit Timah, a property acquired by Apricot Capital.
Brand decisions
2023
Expansion into student and workforce accommodationStrategyBackground
TAP pursued specialised accommodation categories alongside conventional co-living as it sought to increase its inventory from approximately 1,800 keys to more than 5,000 by the end of 2025.
Action taken
The company launched Campus by the Assembly Place, signed MOUs with 14 educational institutions and partnered with TS Group on healthcare-worker housing.
Aftermath
The strategy broadened TAP's customer base to include students, educational partners and institutional workforce-housing users.
2023
Pre-Series A financingOtherBackground
TAP required capital to fund portfolio growth and development of accommodation projects.
Action taken
The company raised S$5.33 million in a pre-Series A exercise anchored by Apricot Capital, exceeding its initial S$5 million target.
Aftermath
The funds were intended to support expansion and projects including healthcare-worker lodging facilities.
Pre-Series A funding raised. S$5.33 million (2023)
2022
Acquisition of LibertoM&ABackground
TAP sought to expand its Singapore co-living footprint and acquired the operator of Commontown Singapore's co-living spaces.
Action taken
The company acquired Liberto's assets, head leases and sub-leases, covering approximately 120 rooms across 10 locations.
Aftermath
The transaction expanded TAP's managed accommodation portfolio and supported its move toward a larger multi-format platform.
Recent events
- 2026
The Assembly Place Holdings lists on SGX Catalist[1]
Other
The Assembly Place Holdings was reported to have listed on the Singapore Exchange's Catalist board under stock code TAP.
- 2024
TAP appointed asset manager for Serene Centre[1]
Other
The Assembly Place was selected as asset manager for Serene Centre in Bukit Timah, a property acquired by Apricot Capital.
- 2023
TAP launches Campus by the Assembly Place[1]
Product launch
The company opened its largest co-living property, a student-focused facility with 426 beds, more than 100,000 square feet and over 20 facilities.
- 2023
TAP and TS Group win healthcare-worker accommodation tender[1]
Other
The joint venture was selected by MOH Holdings to retrofit five sites into accommodation for approximately 1,800 foreign healthcare workers.
- 2023
The Assembly Place raises S$5.33 million in pre-Series A funding[1]
Other
Apricot Capital anchored a pre-Series A financing exercise that exceeded TAP's initial S$5 million target.
- 2022
The Assembly Place acquires Liberto and Commontown Singapore accommodation assets[1]
M&A
TAP acquired Liberto's assets, head leases and sub-leases, covering approximately 120 rooms across 10 locations.
- 2022
The Assembly Place expands into co-living hotel and hostel formats[1]
Product launch
The company opened The Assembly Place at Mayo after refurbishing the former Mayo Inn and launched a 31-room, 180-bed co-living hostel.
- 2021
The Assembly Place raises S$5.55 million in seed funding[1]
Other
The Singapore co-living operator raised S$5.55 million in a seed round led by Eric Low See Ching.
- 2021
The Assembly Place receives Asia Property Awards recognition[1]
Other
TAP was named Best Co-Living Space at the Asia Property Awards.
Sources1 sources
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