The Meeting Place (TAP) might be opening its first service residence at 58 Stevens Street – The Meeting Place @ Stevens – in a five-year partnership with the Metropolitan YMCA (MYMCA). It’ll start welcoming visitors from March 2023.
This service residence includes 27 absolutely furnished items, from a spread of Studio flats to three bedrooms household suites, consisting of a complete of 46 rooms.
These present home-style consolation and area for enterprise and household travellers which can be in search of a longer-term keep. As well as, it’s strategically situated within the metropolis fringe, a number of minutes’ stroll away from the Stevens MRT station and inside a brief distance to the bustling Orchard Street.
“We’re excited to associate with MYMCA, who share the identical values, perception, and imaginative and prescient in constructing a strong neighborhood to launch our first service residence asset in Singapore. We stay up for working intently with the crew at MYMCA over the following 5 years,” mentioned Eugene Lim, CEO and Founding father of The Meeting Place.
“That is an thrilling time for The Meeting Place as this service residence area provides to our different lodging lessons like residential, inns and hostels. This can strengthen TAP’s place because the lodging of alternative, and we’re wanting ahead to including on extra lodging lessons over the following few months to service the rising calls for of recent members,” he added.
With the reopening of borders and the robust restoration of the tourism trade, it’s well timed so as to add on service flats to TAP’s portfolio, along with the opposite 2 inns and a hostel that’s already working beneath The Meeting Place model.
The Meeting Place @ Stevens, Service Residences would be the first out of the 4 service flats that might be launched beneath The Meeting Place model this 12 months.
Efficiently Launched 2nd Co-Residing Resort
In January 2023, The Meeting Place additionally efficiently launched its second co-living lodge, The Meeting Place, A Co-Residing Resort @ 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 associate with Cloversoft in taking TAP’s first step in the direction of sustainability, to supply protected and eco-friendly merchandise to our visitors,” mentioned Lim.
Since launching final month, TAP has achieved a mean of 85% occupancy price with a single room ranging from S$110 per evening to S$200 per evening 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 following few months.
One in all which is an 80-room residence within the East space that the group might be taking up in April this 12 months. Located close to the award-winning 152-room, purpose-built co-living area, Mill at 32, the 152 rooms at Mill at 32 have achieved a mean of 98% occupancy over the previous 1 12 months.
“We’re assured that the extra 80 rooms close to this location will serve the rising demand of members in search of area on this location,” mentioned Lim.
One other one would be the 40-room, newly developed residential constructing alongside Mattar Street, 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 Street in 2 phases. Works began in October 2022 for this 42-room residential constructing and had been accomplished in early February. Because the launch, TAP has seen robust curiosity and take-up price, with 50% being leased inside every week and anticipated to cross 90% by finish of February 2023.