The biggest co-living space in Australia opens this November
With co-living, tenants can enjoy high-end rooms and participate in fun social activities in the comforts of their own short- or long-term home
Hmlet, a co-living specialist based in Singapore, constructed the biggest co-living space in Australia. According to The Australian Financial Review, the property is situated in the inner west suburb of St. Peters and is set to open its doors on November 15.
Called St. Peters Hmlet, the property was originally a part of a 38-unit apartment block Hmlet leased from a private eastern suburbs developer who intended on offering the entire block as build-to-rent units.
Now, the four-storey warehouse has been converted to a co-living space with 82 rooms, inching Hmlet closer to its objective of operating 500 beds in Australia by the end of the year.
Co-living spaces provide tenants with the flexibility to rent high-end rooms on a short- or a long-term contract, following the boarding house provisions.
But unlike Airbnb and private leases, this type of accommodation is driven by a sense of community where operators like Hmlet are more social, setting up regular community activities for every hub.
More: Australia’s housing market bounces back, with a $2,000 weekly price increase
St. Peters Hmlet is in a strategic location, just right next to the St. Peters train station and only takes a 12-minute commute to the city.
“We chose St. Peters as our latest and largest property to date in Australia, given its close proximity to the city and vibrancy of the surrounding suburbs,” said Hmlet Australia managing director Chrystan Paul.
“Our decision was also aided by the fact that our Newtown property is a few hundred metres away and has had 100 percent occupancy since opening earlier this year, therefore we know there is high demand from our members to live in the area.”
Recommended
6 sights to spot in Jardine’s Lookout, Hong Kong
With its sumptuous harbour vistas, this low-density area is one of the most sought-after in Hong Kong
Meet the architect rethinking disability in urban spaces and how cities can be reimagined
Author David Gissen outlines his vision for urban development that takes the needs of disabled citizens into consideration
Why Asia’s mixed-use developments are the future of real estate
Dynamic integrated communities are fusing real estate with commercial, leisure, and other amenities
Transforming cities worldwide: Surbana Jurong’s vision for the future
Surbana Jurong excels in master planning, infrastructure, and urban development