Millennials eschew traditional housing for co-living in microflats

Bengaluru

MILLENNIALS priced out of London's traditional housing market are opting to rent tiny apartments in so-called "co-living" developments, a fast-growing area that private investors and venture capital are eager to tap into.

Investors have put more than £1 billion (S$1.7 billion) into "microflats", where residents share facilities such as dining areas, lounges, work spaces, laundry rooms and gyms, and the investors are looking to do more.