"It was a slow start during the first six months, but now we're getting new members every week. We have a real diverse range of people: everything from writers to company executives, people in F&B, photographers, consultants, graphic designers," Anchan, who was formerly a project manager at a shipping company, said.
"I'm optimistic about prospects from the response so far and I've got plans to open a second space on the other side of town later this year," she said.
Woolf Works is part of a growing trend of co-working spaces in the city-state catering to niche groups of self-employed individuals – from 'momtrepreneurs' to techies and artists.
Co-working and collaboration
Singapore's co-working space market has come a long way since 2009, when its first entrant Hackerspace.SG set up shop, with now 30 outfits located across the island, according to CoWorking Singapore's website.
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There's a lot to be gained from bringing together a group of individuals in the same line of work, says Sheau Chan, the founder of Art Social House – the city's first privately run co-working studio for artists and craftsman.
"While certain businesses that need privacy, art is different. It's more of a self-expression," said Chan, who also allows her tenants to use the premises to host art classes. "Many artists tend to work from home and don't get that external stimulation, which is one of the reasons I set up this space."
The explosion of co-working locations is a game changer for entrepreneurs in Singapore – a city ranked as the 14th most expensive in the world to rent office space, according to real estate services firm CBRE.
While renting an exclusive office could run into the thousands of dollars, a desk at a co-working space starts at $200 a month and comes with far fewer overhead costs and more flexible lease conditions.