Habyt and Rently Offer Deposit-Free, Flexible Living Solutions to Singapore and Hong Kong

Singapore, 22 November 2023: Habyt, the world's leading flexible housing provider, today announced an exclusive partnership with Singapore-based startup, Rently, that marked a significant milestone in the evolution of flexible living solutions. For the first time in the co-living sector, Habyt has introduced a disruptive rental model which allows new members freedom to rent a home with zero upfront cost, removing the financial burden of security deposits in Singapore and Hong Kong.

"We are thrilled to announce this strategic partnership with Rently, who shares the same mission to revolutionise the housing landscape in Asia Pacific," said Jonathan Wong, CEO of Habyt APAC. He added, “Habyt’s mission has always been clear: to change the way we think about accommodation and make it more accessible, affordable and available to all. Through this innovative solution powered by Rently, we can say goodbye to mandatory security deposits for our flexible living options, giving our members the financial freedom to pursue their lifestyle goals. From fully-furnished co-living rooms to spacious private four-bedroom flats, everyone can have easy access to a Habyt home without hefty upfront costs, while enjoying the same flexible, all-inclusive terms that our members love.”

Leveraging Rently’s cutting-edge rental tech solutions, new Habyt Members can enjoy the convenience of deposit-free rentals across hundreds of rooms in Singapore and Hong Kong, a first of its kind in Asia Pacific. This strategic partnership serves as an extension of Habyt's overarching mission to foster improved housing accessibility and affordability, a critical pursuit in light of the persisting housing challenges in these markets, where hindered by soaring housing costs and limited availability, home seekers face increasing difficulties in achieving residential independence.

Unlike traditional rental processes that require a substantial upfront deposit, this partnership enables new members to allocate their funds more flexibly, avoiding the burden of initial payments.

Rently, a trusted Singaporean startup integrated with cutting-edge GovTech solutions and utilised by Huttons Group, reinforces the credibility and reliability of this pioneering initiative.

Dominic Schacher, Co-Founder of Rently, said, “Rently aims to revolutionise the rental property marketplace with clarity and transparency, by melding management expertise, technology and financing. We are excited to be in the position to disrupt the flexible living sector in Singapore and Hong Kong together with Habyt. The synergy between our products is evident and will allow for a better and more seamless rental experience for everyone.”

Flash Deal for Bookings before 31 December 2023

In celebration of this partnership, Habyt is pleased to announce a limited-time flash deal, offering new members a discount on co-living and entire apartment rentals in Singapore and Hong Kong. The flash deal includes a 20 per cent discount for Singapore rentals and a 10 per cent discount for Hong Kong rentals, applicable to leases starting from now until 31 December 2023. This offer is valid for new members signing a minimum three-month lease in Singapore and a minimum one-month lease in Hong Kong. The flash deal is not valid for selected properties in Hong Kong, including Tsing Fung, Austin Avenue, and Knight on Wyndham.