Key facts
- MetroResidences Japan plans to expand its serviced apartment offerings from 500 to 5,000 units within five years.
- The company aims to cater to the increasing demand for temporary housing for expatriates in Japan.
MetroResidences Japan plans tenfold expansion to house expats
IN SHORT
Serviced apartment provider MetroResidences Japan plans to increase its property portfolio from 500 to 5,000 units over the next five years. The expansion aims to meet the growing demand for temporary accommodation for foreigners working in Japan.
Key Numbers
5,000target serviced apartments in five years
500current serviced apartments
80serviced apartments to open this year
1-12 monthscontract length for serviced apartments
Who's Involved
MetroResidences Japan
serviced apartment provider planning expansion
Lester Kang
chief operating officer of MetroResidences Japan
↳ Why This Matters
The expansion by MetroResidences Japan indicates a growing trend of foreign professionals relocating to Japan, highlighting an increasing demand for specialized housing solutions and potentially impacting the rental market in key urban areas.