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.
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