MetroResidences Japan eyes tenfold expansion to accommodate expats

Serviced apartment provider aims to work with funds and real estate market

Lester Kang, chief operating officer of MetroResidences Japan, says it plans to open 80 serviced apartments this year in Tokyo's Roppongi district, a destination for many international business travelers. (Photo by Yuji Murakami)

TOKYO -- Serviced apartment provider MetroResidences Japan is planning to expand from 500 to 5,000 properties over the next five years, as it taps a growing temporary accommodation market for foreigners working in Japan.