Co-living in East Asia has been rising since 2020, rapidly expanding while remaining in its early stages. At the same time, it continues to fulfill a significant demand from young professionals working in major cities. A 2020 study by real estate services firm JLL highlighted the growing demand for co-living in China and Singapore, citing key advantages such as affordability compared to private studio apartments and a contemporary urban lifestyle that fosters openness and shared experiences. Much like other industries where ownership is becoming less relevant—such as streaming services for music, films, and television, or mobility solutions like car- and bike-sharing—co-living appeals to a similar demographic that values flexibility and access over long-term commitments.
Unlike co-living initiatives in Spain, which often focus on multigenerational shared spaces, East Asian co-living primarily targets young professionals with dynamic career paths. Often required to relocate every few years, these individuals prioritize convenience and adaptability over investing in a permanent home. For them, committing to a long-term residence may not be practical, making fully furnished, professionally managed co-living spaces with built-in amenities and hygiene services an attractive option. These environments cater to fast-paced urban lifestyles, where networking at professional events often precedes solitary downtime at home.
