Sunday, July 12, 2020

Hmlet continues rapid Singapore expansion with launch of new properties in Tiong Bahru

Meero SG SIN 27CHK 04 01 Studio DINING ROOM30

Hmlet, Asia-Pacific’s fastest-growing co-living company has signed a collection of heritage properties in the iconic Tiong Bahru neighbourhood. With some units already launched on the Hmlet platform, the 80 room-strong series of walk-up apartments and loft conversions brings the number of Hmlet properties in Singapore to 48 and the portfolio of rooms to more than 1,000.

The collection of properties is split into studios, one-bedroom and two-bedroom apartments with communal areas including a courtyard and kitchen, occupying 18,000 square feet across seven locations: Hoot Kiam Road, Zion Road, Tiong Bahru Road, Moh Guan Terrace, Chay Yan Street, Tiong Poh Road and Guan Chuan Street.

This launch further grows Hmlet’s footprint in Singapore where housing is expensive and co-living serves as an alternative for an increasingly mobile workforce.

“This latest venture will play a crucial role in the growth of Hmlet’s community, providing our members with greater flexibility and more housing options in close proximity to the central business district,“ said Yoan Kamalski, CEO of Hmlet. “We are thrilled to give these properties a new lease of life and make a positive impact in the already vibrant community of Tiong Bahru.”

With the latest launch, Hmlet solidifies its presence in Tiong Bahru following the opening of Hmlet Yong Siak and Hmlet Echelon in 2019, and continues its commitment to the local community through the redevelopment of heritage buildings. Hmlet Cantonment, the former location of Keppel Primary School, before it was used as Corrupt Practices Investigation Bureau (CPIB) headquarters, enjoys a healthy occupancy rate of over 90 per cent since its launch in September 2019.

Hmlet partners with landlords to tap into real-estate that is under utilised. Besides spearheading renovation and design efforts for these buildings, Hmlet professionally manages and maintains residential units or entire residential blocks for and on behalf of landlords.

“Hmlet transforms existing homes and buildings to offer an end-to-end experience that is custom designed, value for money and community driven. We re-adapt the current real estate to fulfil the needs and wants of people who want both privacy at home and a social life. Hmlet’s strong relationships with global institutional and corporate landlords, as well as family offices and private landlords, gives us access to a premier real estate portfolio. Through these partnerships, we fully curate the design and renovation of properties to unlock their full potential,” said Kamalski.

Last July, Hmlet raised US$40 Million in a Series B round led by Burda Principal Investments. Hmlet has quickly become the fastest growing co-living company in Asia-Pacific, driven by a vision of providing hassle-free, affordable and community-led housing options for the modern resident. Hmlet operates more than 100 spaces in Singapore, Hong Kong, Australia and Japan since its launch in 2016.

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