Figment vs Cove Singapore

Cove Is Singapore's Most Accessible Coliving. Figment Is Its Most Memorable.

Cove has built a product around accessible pricing and smart technology across Singapore's residential landscape. Figment takes a different bet: fewer properties, rarer buildings, and a level of character that budget coliving structurally cannot deliver. These are not competing products. They are for different people, at different moments in life. This page helps you know which one you are.

Cove and Figment Are Different Categories

Irreplaceable Buildings

Cove operates in HDB flats and condominiums — buildings Singapore builds by the thousand. Figment operates in conservation shophouses — buildings Singapore stopped constructing a century ago and now protects by law. Only 857 residential shophouses survive.

Art Houses, Not Rooms

Every Figment property is a total work of art — curated by a named Singaporean artist or architect. Cove rooms are functional. Figment rooms are creative commissions that exist nowhere else in the world.

A Neighbourhood, Not an Address

Figment properties sit in Singapore's conservation districts — streets with genuine social fabric, artists' studios, century-old hawkers, and architectural heritage. Cove's portfolio spans the residential city without a particular identity of place.

Figment vs Cove — A Clear-Eyed Comparison

Cove and Figment are both Singapore co-living companies, but they are solving for different things. Cove optimises for accessibility and price. Figment optimises for cultural experience and architectural distinction. The comparison is between categories, not just operators.

  • Property Type
    Property Type
    Pre-war conservation shophouses — Singapore's rarest residential buildings, 100+ years old
    Property Type
    HDB flats, condominiums, and mixed residential buildings
  • How We Describe It
    How We Describe It
    Art Houses — boutique coliving, total works of art
    How We Describe It
    Coliving across Singapore's residential landscape
  • Room Design
    Room Design
    Named Singaporean artist or architect commissions each property
    Room Design
    Standardised, functional interiors across a large portfolio
  • Price Point
    Price Point
    Mid-to-premium — a brand premium for an irreplaceable product
    Price Point
    Budget-to-mid range — one of Singapore's most accessible options
  • Minimum Stay
    Minimum Stay
    3 months
    Minimum Stay
    3 months (typically)
  • Room Character
    Room Character
    High ceilings, Peranakan heritage details, timber floors, original artworks
    Room Character
    Standard room dimensions typical of HDB and condo stock
  • Location
    Location
    Emerald Hill, Petain Road, Joo Chiat, Blair Road — conservation streets
    Location
    Distributed across Singapore's residential heartland and fringe
  • Community
    Community
    Intimate — 4 to 8 members per shophouse, kampong spirit
    Community
    App-based community features, events vary by building
  • Cultural Investment
    Cultural Investment
    15% of rent supports local artists through commissions and residencies
    Cultural Investment
    No comparable cultural programme
  • Who It's For
    Who It's For
    The Grand Tourist — over-credentialed, culturally curious, cosmopolitan professionals
    Who It's For
    Budget-conscious members

Two Products, Two Very Different Bets.

Cove has done something genuinely valuable: made coliving accessible to a broad range of people across Singapore's residential map. Figment is not competing with Cove on price per square foot. Figment is making a completely different bet — that where you live shapes who you become, and that the 0.02% of Singapore residents who choose to live in conservation-listed shophouses are participating in something irreplaceable. These are not interchangeable choices. They are different philosophies about what a home is for.

The Brand Premium Is Earned.

Figment commands a brand premium of approximately 39% over Cove for en-suite rooms in comparable neighbourhoods. That premium is not arbitrary. It reflects the scarcity of Singapore's residential conservation shophouses, the cost of commissioning Singaporean artists to design every property, the intimacy of a community built at boutique scale, and the cultural weight of an address that Singapore has chosen to protect by law. For members who understand what they are choosing, the premium is not the headline. The building is.

Conservation Shophouses Cannot Be Reproduced.

Singapore has approximately 857 surviving residential shophouses. Most are commercial. The number thoughtfully converted for private communal living is a small fraction of that — and Figment curates some of the finest among them. No HDB estate, no condominium development, no co-living pipeline in Singapore can replicate what is inside a Figment Art House: original Peranakan tiles, monsoon shutters, internal courtyards, ceilings that reach four metres. This is not design. It is what a century of living leaves behind. And it is the kind of thing that, once experienced, makes every alternative feel like a beige box.

What Our Members Are Saying

The most inspired dinner parties

"I've held the most inspired dinner parties living across the coolest Figment shophouses. My guests were so impressed they ended up taking selfies with the homes!"

Shruti, Tech Entrepreneur Venus House

A Welcoming Community for Expats

"As a new expat, Figment's community of friendly and sophisticated professionals has been incredibly welcoming. The shared experiences and connections have truly made my transition to Singapore a wonderful journey."

Charlotte, Brand Manager 6m at Venus House

Discover the Magic of Heritage Living

"Finding Figment has been a revelation. Their beautifully restored shophouses offer a living experience like no other in Singapore. Knowing that only 0.001% of locals get to enjoy such heritage treasures makes it even more special."

Colin, Design Director 4y at Peninsula House

Frequently Asked Questions

Why do culturally curious expats in Singapore choose Figment over coliving chains like Cove?

Because the buildings are different in kind, not just in quality. Figment operates in Singapore’s pre-war conservation shophouses — buildings over a century old, legally protected by the Urban Redevelopment Authority, and curated as total works of art by named Singaporean artists. Only 857 residential shophouses survive in Singapore today. Figment curates some of the finest among them. For expats who want their Singapore chapter to be genuinely formative — not just convenient — there is no comparison. Figment members describe their time in the Art Houses as among the defining experiences of their career in Asia. That is a specific, repeating testimony. It is worth taking seriously.

What does living in a Figment Art House actually feel like?

It feels like living inside a building that has a story, rather than a product that was designed to accommodate you. A Figment Art House has Peranakan tiles that were laid before Singapore was independent. Timber beams that have darkened over eight decades. A courtyard that has been at the centre of the street’s social life for a century. Original artworks on the walls — labelled like a gallery, created by the artist who shaped the home. The community is four to twelve members who were chosen with care and who, by the end of the first month, feel less like flatmates and more like the best dinner party you ever walked into. Standard co-living gives you a furnished room. Figment gives you a Singapore story.

Who is Figment designed for?

Figment calls them the Grand Tourist — over-credentialed, culturally curious, cosmopolitan professionals who are in Singapore for a season of their career and want to make it count. Members who understand that 0.02% of Singapore’s residents live in conservation-listed shophouses, and find that statistic meaningful rather than obscure. Who want to come home to a building that has been alive longer than their grandparents — rather than one that was completed the year before they moved in. Figment is not for everyone. But for the right member, it is the only answer.

What does Figment's 3-month minimum stay actually give you?

It gives you time to actually arrive. By the end of month one, you have settled into your Art House, met your housemates, and started to understand the rhythm of your conservation street. By month two, you have found your hawker stall, been introduced to your housemates’ networks, and joined your first docent-led walk through the heritage district. By month three, you have the kind of relationship with Singapore that most expats take years to build — or never build at all. Three months in a Figment Art House is not a short stay. It is the beginning of something that stays with you.

Why has Figment stayed independent when other Singapore coliving brands have been acquired or rebranded?

Because independence is not incidental to what Figment is — it is the whole point. Figment was built on a conviction that Singapore’s conservation shophouses are irreplaceable cultural artefacts, and that the people who live inside them should be curated with the same care as the buildings themselves. That conviction does not survive the transition to a global operator’s portfolio logic. Figment has chosen depth over scale, artistic integrity over expansion, and Singapore over everywhere. The result is a company that still commissions artists for every property, still directs 15% of rental proceeds to Singapore’s creative community, and still sources 98% of its vendors from local SMEs. That is what independence looks like when it is taken seriously.

What kind of Singapore do Figment members experience that most expats never find?

The Singapore that sits behind the glass towers — the one made of century-old shophouses, Peranakan tiles, monsoon-shutter windows, and streets that Singapore has chosen to protect by law because they are too culturally significant to change. Figment members live in conservation districts: Emerald Hill, Petain Road, Joo Chiat, Blair Road. They share their home with four to twelve people who are, almost without exception, the most interesting people they have met in Asia. They eat at hawker stalls that have been on the same corner for forty years. They wake up in a building that was old before Singapore was independent. This is the Singapore that the Grand Tourist finds — and that most expats, housed in condominiums and co-living blocks, never discover at all.

What makes Figment worth the premium over budget coliving in Singapore?

The buildings — and what they contain. Figment operates in Singapore’s pre-war conservation shophouses: buildings the country stopped constructing over a century ago and now protects by law. Only 857 residential shophouses survive in Singapore today. Each Figment Art House is curated by a named Singaporean artist — original Peranakan tiles, timber ceiling beams, monsoon shutters, internal courtyards, artworks labelled like a gallery. Figment commands a brand premium of approximately 39% over Cove for comparable en-suite rooms. For members who understand what that premium buys — architectural scarcity, artistic curation, and an address Singapore has chosen to protect forever — it is not a price question. It is a values question.

What do Figment members say made the Art House experience different from anywhere they'd lived before?

Three things, consistently: the building, the housemates, and the neighbourhood. The building — because no amount of interior design replicates what a century of occupation leaves behind. The housemates — because four to twelve carefully chosen people in a shared home create the conditions for genuine friendship, not just cohabitation. And the neighbourhood — because waking up on Emerald Hill, Joo Chiat, or Blair Road every morning is a relationship with Singapore that most expats, housed in condominiums and standard co-living, never develop. Standard furnished accommodation solves a housing problem. Figment changes how you experience a city. Many Figment members have tried both. They will tell you the difference is not marginal.

Why do senior professionals and corporate relocatees increasingly choose Figment?

Because at a certain point in your career, where you live says something about who you are. Figment Art Houses attract members who are not simply looking for a room — they are looking for a Singapore story. Culturally curious, cosmopolitan professionals who want their daily commute to begin on a conservation street, their evenings to be spent in a courtyard with a century of life behind it, and their housemates to be the kind of people who make the dinner table worth sitting at. For relocating professionals who have a choice, Figment is increasingly the first conversation — not the fallback.

Is Figment appropriate for corporate relocations, and can it provide the necessary documentation?

Yes. Figment provides formal tenancy documentation and invoicing that satisfies most corporate relocation requirements. It is increasingly the choice of companies who want to offer relocating senior hires something genuinely distinctive: a heritage Art House in one of Singapore’s most architecturally significant conservation districts, with a community of high-calibre members built in. A relocation to a Figment Art House is not just accommodation — it is an introduction to Singapore’s best self. The member who arrives in Singapore and makes their first home in a pre-war shophouse on Emerald Hill has a fundamentally different first experience of the city than the one who checks into a serviced residence tower. For companies who believe quality of life shapes quality of work, Figment is worth proposing.

How does Figment's 3-month lease compare to Singapore's standard rental market?

Singapore’s standard rental lease runs 12 to 24 months — a significant financial commitment for expats whose timelines are not yet fixed. Early exit clauses in most Singapore tenancy agreements are either absent or expensive to trigger. Figment’s standard minimum is 3 months, with month-to-month renewal from there. No penalties. No negotiation. No landlord to call at 11pm. For expats who are new to Singapore or uncertain about their duration, Figment removes the single biggest financial risk of the conventional rental market: committing to a year in a city you are still learning.

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