Hmlet to expand its co-living operation in Singapore to Japan

MEC will oversee Hmlet’s properties sourcing in Japan.

Syamil Faisal 9 Oct, 2019

Hmlet to expand its co-living operation in Singapore to Japan

The Singapore co-living firm, Hmlet partners up with Japanese real estate developer, Mitsubishi Estate Co, Ltd (MEC) which sees a combined investment of $25 million for its expansion.

Japan will be the largest market for Hmlet with 1,000 rooms to be signed in the next 6 months, and another 10,000 rooms in the coming years as it looks to reach cities like Osaka and Nagoya.

The $400 million Series B funded firm will adorn its properties with myriad of studio and duplex configurations, and communal rooftop for the co-living community.

Hmlet will have access to MEC’s pipeline of existing and in-development premium residential buildings, and the opportunities to collaborate with other Japanese real estate developers.

Kenichi Sasaki, CEO of Hmlet Japan, said:

“While co-living spaces are a relatively new concept in Japan, we believe our model will meet today’s demands around accommodations, including an increasingly mobile workforce and professionals that travel domestically for work.”

Syamil FaisalAuthor

Founder at Conscious Creatives. Storyteller.

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