Mitsubishi Estate buys Singapore provider of furnished housing

Japanese real estate developer sees demand for all-inclusive units among expats

A Habyt Singapore bedroom: Unlike serviced apartments, which often provide hotel-style cleaning and front desk services, flexible living keeps services to a minimum, enabling cost-efficient living arrangements. (Habyt)

TOKYO -- Mitsubishi Estate has acquired a Singapore-based operator of furnished rental housing, stepping up its push into overseas markets for mid- to long-term stays, as demand rises among expatriates and other visitors.