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Co-living startup Hmlet to launch second co-living building near Newton
CO-LIVING startup Hmlet is launching its second fully co-living building in Singapore at 6 Sarkies Road in the Newton neighbourhood.
Hmlet, which will lease the entire 30,000 square foot building from ANB Investment, will rebrand the building as Hmlet @ Sarkies and offer living space for up to 80 members. Under the co-living arrangements, members will share flats and have access to monthly events such as yoga classes, networking sessions, book clubs and cocktail evenings.
Viewings will begin on Wednesday, April 18.
This will be Hmlet's second building in Singapore dedicated solely to co-living, after it launched its inaugural dedicated project in Joo Chiat. Hmlet told The Business Times that monthly rental rates start at S$1,300 for common rooms and up to S$2,500 for master rooms wtih rooftop access.
Company chief executive and co-founder Yoan Kamalski said that the company is also looking to expand its portfolio in Hong Kong and Indonesia. The company has current capacity for 300 members and expects to double this by the end of 2018.
In Singapore, Hmlet is in discussions with corporate landlords to develop built-to-suit projects and private landlords and family offices to redesign and refurbish entire buildings including shophouses and condominium blocks, the company told BT.
The company closed a US$1.5 million seed financing round in 2017, led by Arum Investment.