Hmlet Co-Founder Yoan Kamalski Returns as CEO After Mitsubishi Estate Unit Reacquires APAC Operations

Hmlet's co-founder Yoan Kamalski has returned as CEO following the reacquisition of its Asia-Pacific operations by FL Japan, a subsidiary of Mitsubishi Estate.

The deal involves repurchasing 2,915 units from Habyt, spanning Japan, Singapore, and Hong Kong, reviving the iconic Hmlet brand in the region.

Hmlet's Pioneering History in Flexible Living

Established in 2016 in Singapore, Hmlet quickly became a leader in co-living spaces targeting millennials and digital nomads.

The company expanded aggressively to Hong Kong and Japan, securing investments from firms like Sequoia and raising over $40 million in funding.

Challenges arose during the pandemic, leading to leadership changes and a merger with German co-living giant Habyt in 2022.

Details of the Strategic Reacquisition

FL Japan reacquired the APAC portfolio to consolidate operations under the Hmlet banner once more.

This move reverses the Habyt rebranding and integrates properties in Tokyo, Osaka, Singapore, and Hong Kong seamlessly.

Impact and Future Vision for Hmlet 2.0

Yoan Kamalski's return signals a bold relaunch, focusing on a technology-driven flexible living ecosystem.

The reacquisition strengthens Mitsubishi Estate's foothold in Asia's growing co-living market amid rising demand for flexible housing.

Looking ahead, Hmlet plans deeper market penetration and innovative services to redefine urban living in APAC.

This development underscores the resilience of regional startups and the strategic value of branded co-living portfolios.