Singapore-based startup Hmlet is launching its second building, Hmlet @ Sarkies, in Singapore, the largest co-living space in South-east Asia and one that is dedicated entirely to co-living.
The project is a partnership with real estate investment firm ANB Investment, which is helmed by Indonesia’s Pangestu family.
Launched in 2016, Hmlet targets young professionals by offering serviced rooms or apartments for rent on a month-by-month basis with a minimum commitment of three months.
The 2,787m2 condominium is the second sole co-living building in Hmlet’s portfolio after Hmlet @ Joo Chiat, which is home to 80 members.
The property in Newton will boast facilities such as rooftop common areas, a work space, barbecue pits and a swimming pool. As with all Hmlet spaces, prospective members can expect to be paired with like-minded flatmates and enjoy monthly get togethers ranging from yoga classes, networking sessions, to book clubs and cocktail evenings.
Managing director and co-founder, Zenos Schmickrath, said: “With real estate becoming more expensive, and people increasingly feeling the bite of isolated living, we are seeing that co-living is becoming a necessity. We want to make the process of moving and finding a place to live as seamless as possible for all our members, whether they are relocating to a new country or moving from their family home.”
CEO and co-founder of the company, Yoan Kamalski, added that aside from expanding the company’s presence in Singapore, the Hmlet is also looking to expand their portfolio to markets such as Hong Kong and Indonesia.
“We currently have capacity for 300 members and are excited to be on track to double this by the end of the year,” he added.