Hmlet backs out of Malaysia, Thailand less than six months after launch
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HMLET'S attempt to be a part of the property landscape in Malaysia and Thailand could be over. The co-living startup appears to have abandoned its ill-fated expansion into the two countries less than six months after its launch, as it grapples with a crippling pandemic and nagging questions about its future.
Sources estimate that it retreated from both markets around December last year.
A check on the company's website on Friday showed that property listings in both countries have been taken down. In September last year, former chief executive and co-founder Yoan Kamalski told The Business Times (BT) that Hmlet had more than 1,000 apartments listed on its platform in Malaysia, and over 2,500 in Thailand.
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