The new property is located in Tanjong Pagar/Cantonment Downtown CBD precinct

Hmlet, Singapore-based co-living startup, announces today that it has signed a new property for a dedicated co-living building located at 150 Cantonment Road, Tanjong Pagar/Cantonment Downtown CBD precinct.

Hmlet claimed that the property will be its largest dedicated co-living building to date, with more than 150 rooms operated as serviced apartment units. The property has a site area of 76,002.5 square feet, with a GFA of 47,352,.12 square feet.

The property itself was part of a Singapore Land Authority public tender for the rental of State property. It was awarded to LHN Facilities Management Pte Ltd, an indirect subsidiary of LHN Limited, a Singapore based real estate management services group listed on the Catalist Board of the Singapore Stock Exchange and the Main Board of the Hong Kong Stock Exchange.

The tender for this property was aligned with the Urban Redevelopment Authority’s plans to build new homes in the CBD and rejuvenate predominantly office developments into mixed-use buildings, aiming to bring greater footfall and activities after work hours into the Anson Road, Robinson Road and Tanjong Pagar areas.

LHN is partnering with Hmlet to fully customise the design and renovation of the property following Hmlet’s requirements. LHN will build additional facilities such as a swimming pool, gym, and an all-day in-house Cafe concept.

Also Read: Malaysia’s central bank grants approval in principle to fintech startup MoneyMatch

“We are seeing a growing demand for more co-living options in Singapore, and look forward to working alongside established real estate players like LHN in offering the services that Hmlet has become known for to even more members,” said CEO and Co-Founder, Yoan Kamalski.

Founded in 2016 by Yoan Kamalski and Zenos Schmickrath, Hmlet provides its members with a living experience paired with a curated community of like-minded individuals. It offers more flexible lease options, fully furnished spaces, and on-demand services that the company believes can transform properties into dynamic environments.

The property is set to open in July 2019 and will see Hmlet increases its number of members to more than 2,400 across the Asia Pacific by the end of 2019.
–

The post Co-living startup Hmlet signs Singapore-based dedicated co-living building appeared first on e27.