M Village - the first Co-living model in Vietnam

Many of us have, are, or will probably experience living in a shared house during our student years - a combination of cheap housing and creating a connection with friends. For a reasonable price, students can completely live in an apartment with many rooms, each person has their own room and shares the kitchen, living room or balcony.

In fact, it is not only university students who live this way today, the concept of Co-living, a model “exaggerated” from that shared rental, is increasingly becoming an attractive and effective solution.

In Vietnam, the first shared living space chain model has just appeared, called M Village, co-founded by Nguyen Hai Ninh - former Founder of The Coffee House. This model is ready to welcome the first young urban residents in Vietnam to live there.

What is Co-Living?

Co-living is not a new business model or lifestyle in the world, but it has only been introduced to Vietnam a few years ago.

Co-living is a modern living model with common spaces shared by groups of young people with similar interests or jobs. People living together will pay rent together, share some common spaces such as the kitchen or living room. However, each person's resting space is completely separate. This model can be imagined as simple as Co-working (shared working space), but the target customers are not companies but individuals.

Co-living is gradually blooming in some developed countries in Asia, this model is gradually becoming suitable for the trend of young people, especially in dynamic cities such as Shanghai, Tokyo or Hong Kong.

Explaining this boom, economic experts say that the majority of young people belonging to the Millennial generation (8x-early 9x) in Asian countries are increasingly favoring the Co-living model. Millennials are people who grew up with technology, social media and the integrated economy, and are the main workforce of the present and the future, with about 35% of Vietnam's population belonging to this group. They are highly adaptable and always willing to share amenities with each other. Owning a private apartment is no longer a criterion for this generation. Therefore, it is not surprising that Co-living is on the rise.

Furthermore, like the Co-working model, the belief that with the increasing standard of living and people feeling increasingly lonely and having difficulty making friends, the Co-living model will explode in the near future. Grasping that trend, along with the founding team's cherishing of a progressive community for young Vietnamese people in the future, M Village - the first shared living space in Vietnam - was born.

M VILLAGE – THE FIRST SHARED LIVING SPACE IN VIETNAM

The first shared living space M Village was built in a spacious and quiet neighborhood on the main road Vo Thi Sau - Tran Quoc Thao (HCMC), one of the few central areas that still retains open-space housing architecture connected with nature, creating an airy, peaceful and civilized space for residents.

Each apartment in M ​​Village is fully furnished, with a smartly designed kitchen that is highly functional. The communal living space - an indispensable part of the Co-living model - includes a library, a garden surrounding a lake, a roastery and specialty cafe, and a BBQ area.

M Village has officially been in operation since May 15, 2021 with the first branch in the center of Ho Chi Minh City, room rates range from 8-16 million for each room type and number of people. According to M Village, their target audience is young people, whose needs and living standards are increasingly different from the older generation. They grew up with technology, media and an integrated economy, so their ability to connect, adapt, and want to share with people with the same ideals is huge.

“With the desire to redefine “the way to live happily” with them, M Village will be a place where “living is not just limited to four walls”, it must be a world filled with inspiration with ideas, meaningful connections, diverse cultures so that you and I will be happy together when living together, building together and sharing good life values ​​to decorate each other's lives.” - Nguyen Hai Ninh shared.

In the future, the founding team's ambition is to bring M Village to a wide range of progressive young people in many cities of the country, not only in Vietnam but also in the region, to increasingly expand the civilized young community with sustainable living values ​​without boundaries.

It can be said that Co-living is not simply a housing solution, but also an experience aimed at connecting and sharing with the surrounding world in a colorful, friendly and comfortable space, meeting all the needs of young people around the world.

Huyền Châu