Hmlet announces huge co-living location in Hong Kong

October 21, 2019
Share this Post: 

Hmlet is gearing up to open a large location in Hong Kong in the coming month as it continues its expansion throughout the Asian Pacific region

The new location, which contains 57 rooms, is Hmlet’s fourth largest in Asia Pacific, according to an announcement by the Singapore-based company.

The addition of the new property brings the start-up’s presence in the city to 250 rooms, which include serviced apartments dotted across Hong Kong as well as rooms within dedicated centres operated entirely by Hmlet.

“We’ve seen our philosophy and operational model resonate with the Hong Kong market since our launch." 

— Hmlet CEO and Co-Founder, Yoan Kamalski

Expats Driving Demand

Located in Mong Kok, an area in Kowloon known for shopping and massage parlors, the room rates at the co-living provider’s newest venue, dubbed Hmlet Zion Apartments, start at HK$11,000 per month.

Residents of the fully-furnished rooms have the use of a communal rooftop with a barbecue space on the twenty-seventh floor, while residents who are averse to sharing a bathroom or kitchen can pay a higher rate of HK$19,700 (approximately $2,500) per month for an apartment with its own sanitary facilities and kitchen.

Kamalski said that expats and “internationally minded locals” are driving demand, with occupancy rate at Hmlet’s rooms in the city standing at 95 percent. In its newest location Hmlet may test that leasing ability as its Mong Kok site is within what has been a hub of protest activity over the past four months and was also the scene of arrests for “rioting” in 2016.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Summit 2019

October 21, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Portal New Products
Property Portal New Product Roundup: Houza, Idealista and Housing.com

Three portal companies have launched new products or tools on their platforms this week. Here's all you need to know...

Read More
Aptuno Bogota
Latin American PropTech Aptuno Adds New Products

The Colombian headquartered end-to-end rentals specialist Aptuno has announced the launch of two new financing products designed to bring liquidity...

Read More
Yandex Bleak Houses
Yandex Reaches Settlement with Russian Classifieds Companies Over Competition Law Dispute

Russian search giant and online classifieds operator Yandex has reached a settlement with the country's Federal Antimonopoly Service (FAS) putting...

Read More
Otm British Street
OnTheMarket Performing 'Ahead of Expectations' as it Rapidly Approaches Breakeven

The majority agent-owned British portal OnTheMarket has released a trading update to the London Stock Exchange in which shareholders were...

Read More

Popular News