Hong Kong is Rakuten-backed MetroResidences’s third market after Tokyo and Singapore

Singapore startup MetroResidences today announced its expansion into Hong Kong to offer business travellers and expatriates a local and guest-centric way to stay.

Hong Kong is the third market in which MetroResidences operates in, after its entry into Tokyo (Japan) in 2017, apart from Singapore.

The current home listings located in Hong Kong’s business and shopping districts includes Wan Chai, Tin Hau, Causeway Bay, Quarry Bay and Central.

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Wesley Tang, Country Manager (Hong Kong), MetroResidences, said: “Hong Kong is one of the prime business hubs in Asia and is also among the highly visited places in the world. We foresee a strong demand for short to long-term stays from corporate travellers and even athletics. MetroResidences is about providing the market with an affordable living space without compromising the quality of stay that every modern traveller deserves.”

Started in 2014, MetroResidences is an apartment-booking platform that connects corporate clients to residences managed, furnished and serviced by the team. Each apartment is curated, taking into account the location, price, quality and amenities, to fit the standards of modern living. The company has housed executives from over 2,000 companies.

The startup has raised funding of US$2.8 million in April 2017 from Rakuten, a Japanese electronic commerce and Internet company, and is accelerating its expansion in Asia.

Previously, the startup received a seed funding of US$1 million from 500 Startups.

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