Hmlet adds CBD site as its largest co-living property.
Singapore-based co-living company Hmlet has signed a new property in the Tanjong Pagar, Cantonment Downtown CBD precinct. The start-up will operate more than 150 rooms as serviced apartment units at its largest co-living building to date.
The co-living space is set to open in July, and will see Hmlet increase its number of members to more than 2,400 across the Asia-Pacific by the year-end, it said. The building was the former location of Keppel Primary School before it became the Corrupt Practices Investigation Bureau's headquarters from 1998 to 2004.
Hmlet provides custom-designed rooms and apartments with monthly rolling contracts, as well as offerings such as cleaning, laundry services and professional workshops. The co-living company also uses its proprietary technology to match flatmates.
Located at 150 Cantonment Road, the property has a site area of about 76,000 sqft, with a gross floor area of some 47,000 sqft. It is housed across three levels in two blocks and is situated near Tanjong Pagar MRT station and the Outram Park interchange.
The property was part of a Singapore Land Authority public tender for the rental of state property. The tender was awarded to LHN Facilities Management, an indirect subsidiary of Catalist-listed real estate management services group, LHN. LHN is partnering Hmlet to customise the design and renovation of the property.
"With Hmlet leading the design input, LHN will build additional facilities such as a swimming pool, a gym and an all-day in-house cafe," Hmlet said in a press statement yesterday.
"The tender for this property was aligned with the Urban Redevelopment Authority's plans to build new homes in the CBD (Central Business District), and rejuvenate predominantly office developments into mixed-use buildings, with an aim to bring greater footfall and activities after work hours into the Anson Road, Robinson Road and Tanjong Pagar areas."
Added Hmlet chief executive and co-founder Yoan Kamalski: "We are seeing growing demand for more co-living options in Singapore, and look forward to offering the great services that Hmlet has become known for to even more members"
In November last year, Hmlet raised a US$6.5 million (S$8.8 million) Series A funding round led by Sequoia India. Founded in 2016, the company offers community-centric homes in Singapore and Hong Kong. It provides custom-designed rooms and apartments with monthly rolling contracts, as well as offerings such as cleaning, laundry services and professional workshops.
The firm uses its proprietary technology to match flatmates, increasing the likelihood that members will build "harmonious and vibrant relationships", it said last November.
Adapted From The Straits Times, April 10 2019