Singapore-based co-living company Hmlet has announced its entry into the Australian market.
Singapore-based co-living company Hmlet will open its first Australian locations next month as part of an international expansion.
Two co-living properties at Marrickville and Newtown will be launched in the coming weeks as the company looks to extend its reach in the Asia-Pacific.
Situated on King Street, the Newtown location will house up to 20 members and include co-working space, communal living and kitchen spaces, a rooftop terrace, and a new hospitality venue.
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The company's Marrickville project will accommodate as many as 70 members and act as a cornerstone property for Hmlet’s expansion in Sydney.
Completed in January, the site features 2400 square metres of Net Leasable Area spread across six levels with views of Sydney’s CBD.
Hmlet Chief Executive and Co-Founder, Yoan Kamalski, said co-living was quickly emerging as a welcome solution to many of the problems associated with living and renting in Australia’s cities.
The exterior of a Hmlet property on Sarkies Road in Singapore. Source: Hmlet
"With the growing demand for more flexible, community-based options of living in cities like Sydney, we felt that Australia was the next natural move for us," he said.
“Following a recent tour across Australia’s major capital cities, it is clear that build-to-rent will become an important part of the Australian property market and co-living helps to drive the momentum of the burgeoning build-to-rent sector.
"We are excited to be expanding our brand and look forward to welcoming many more people to experience Hmlet’s community in Australia.”
Founded in 2016 by Kamalski and Zenos Schmickrath, Hmlet has grown to become the largest co-living operator in Singapore, having doubled its membership in the past six months.
There are now 15 Hmlet locations spread across Singapore and Hong Kong, with the company aiming to secure more than 2400 beds by the end of the year.
Australian co-living startup Caper Co-living has been brought in to assist with Hamlet's latest expansion, with former Chief Executive and Co-Founder Chrystan Paul named as Managing Director for Hmlet Australia.
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