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Singapore/Hong Kong – Rental living operator Habyt has announced the sale of its Asia Pacific operations to Mitsubishi Estate Co., Ltd., a Japanese real estate developer.
The transaction includes Habyt’s Singapore and Hong Kong platform, comprising around 1,000 units.
Habyt entered Asia Pacific as part of its global expansion and built a platform in Singapore and Hong Kong, serving expatriates, professionals, and international residents.
The sale marks a shift in Habyt’s operating model in the region, from a vertically integrated on-the-ground operator to an asset-light approach, while maintaining an active commercial presence in APAC.
Under Mitsubishi Estate’s ownership, the operations will continue to scale locally. Habyt will remain commercially involved through its brand and distribution network.
The transaction allows Habyt to redeploy capital towards Europe and its core flexible stay and living product, where it continues to scale its platform and pipeline.
At the same time, the company is transitioning toward an asset-light model globally, prioritising brand, demand generation, and technology over direct operational intensity.
“This is not an exit from Asia,” said Luca Bovone, founder and CEO of Habyt. “We are evolving our model. We will continue to distribute and market these properties through Habyt’s global platform and channels, while transitioning away from direct operations on the ground.”
The flexible living category continues to attract institutional capital globally, as demand for medium- to long-term, fully furnished accommodation grows among mobile professionals and international residents.
Highlights:
- Habyt exits APAC operations via sale: Habyt has sold its Singapore and Hong Kong platform (~1,000 units) to Mitsubishi Estate Co., Ltd.
- Shift to asset-light operating model: The deal marks Habyt’s transition away from direct operations toward a brand-, tech-, and distribution-led strategy in Asia Pacific
- Continued presence through brand and distribution: Despite the sale, Habyt will remain commercially active in the region, leveraging its platform for demand generation
- Mitsubishi Estate to scale local coliving platform: Under new ownership, the Singapore and Hong Kong portfolio is expected to expand regional flexible living supply
- Capital redeployment to European growth markets: Habyt will focus investment on Europe and its core flexible living platform
