Co-living firm Hmlet has added to its set of heritage properties in Tiong Bahru therefore it manages 48 possessions in Singapore with over 1,000 rooms.
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They come as studios, one-bedroom and two-bedroom units with communal areas such as a courtyard and kitchen. A number of those 80 rooms which are going to be made available have been established on the Hmlet system, the company said in a release on Thursday (Feb 6).
“This newest venture will play an essential role in the development of Hmlet’s community, supplying our members with increased flexibility and more housing choices at close proximity to the central business district,” explained Yoan Kamalski, CEO of Hmlet. “We’re thrilled to provide these properties a fresh lease of life and produce a positive influence in the vibrant community of Tiong Bahru.”
Singapore-based Hmlet stated it spouses with landlords to tap to real-estate that’s under utilised, spearheading renovation and design efforts for all these buildings.
The most recent possessions increases Hmlet’s existence in Tiong Bahru later it started Hmlet Yong Siak and Hmlet Echelon this past year, also”continues its dedication to the local community throughout the redevelopment of buildings”.
Hmlet also established the 150-room Hmlet Cantonment at September 2019, which was initially the place of Keppel Main School before it had been converted into the Corrupt Practices Investigation Bureau headquarters. It currently enjoys an occupancy rate of over 90 percent, said Hmletsaid
Last July, it increased US$40 million (S$55.3 million) at a Series B funding round led by Burda Primary Investments with involvement from existing investor Sequoia India and fresh investors Mitsubishi Estate Co, Reinventure Group and angel investors.