Habyt sells Asia Pacific operations to Mitsubishi Estate, transitions to asset-light model in the region
The recently launched Habyt Chinatown in Singapore.
Berlin / Singapore, Monday 27th April 2026 - Habyt, the global leader in flexible living, today announced the sale of its Asia Pacific operations to Mitsubishi Estate Co., Ltd., one of Japan’s leading real estate developers. The transaction includes Habyt’s Singapore and Hong Kong platform, comprising approximately 1,000 units.
The transaction marks a strategic shift in Habyt’s operating model in Asia Pacific - from a vertically integrated, on-the-ground operator to an asset-light approach-while maintaining an active commercial presence in the region.
“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.”
Habyt entered Asia Pacific as part of its global expansion and built a strong platform in Singapore and Hong Kong, serving expatriates, professionals, and international residents. The business has demonstrated strong occupancy and sustained demand for flexible living products in gateway cities.
Under Mitsubishi Estate’s ownership, the operations will continue to scale locally, benefiting from the group’s market expertise and long-term capital base. Habyt will remain commercially involved through its brand and distribution network, ensuring continuity for customers and partners.
The transaction allows Habyt to redeploy capital and sharpen its strategic focus on Europe and on its core flexible stay and living product, where it continues to scale its platform and pipeline. At the same time, the company is accelerating its transition toward an asset-light model globally, prioritizing brand, demand generation, and technology over direct operational intensity.
“This is a natural evolution of our platform,” Bovone added. “We are increasingly focused on being the global layer-brand, demand, and technology-on top of real estate, while concentrating our direct operations where we see the highest long-term strategic value.”
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.
About Habyt
Habyt is a global flexible living platform, combining brand, demand, and technology to unlock the full potential of residential real estate. From one night to long-term stays, Habyt delivers fully furnished, design-led living experiences across Europe’s leading cities, serving a growing international community.
