H Space

What H Space does

H Space Holdings Sdn Bhd is a Malaysian flexible workspace and managed office provider operating three coworking locations in the Greater Kuala Lumpur region: Bandar Utama (Level 18.02, KPMG Tower), Bangsar South (Level 28, Vertical Corporate Office Tower B), and Kota Damansara (Dataran Sunway). The company offers an integrated portfolio of services including coworking memberships (Hot Desk from RM 390, Dedicated Desk from RM 490, Private Office from RM 590, Virtual Office at RM 100 per pax per month), enterprise managed office solutions with end-to-end design-build-operate services, meeting room rentals (6 to 80 person capacity, RM 260-1,200 per 4-hour block), event space rentals (up to 80 pax), and custom office design and fit-out services. The Bandar Utama location holds MSC Status certification, providing government-backed tax and infrastructure benefits, and all locations are positioned near MRT/LRT stations within established commercial hubs.

The company's underlying operating model combines real estate leasing with workspace-as-a-service delivery. Technology infrastructure is functional rather than software-led, comprising enterprise-grade internet, smart/automated access controls with 24/7 keyless entry, and AV-equipped meeting rooms. Revenue is generated through a mix of recurring monthly memberships and managed service fees, pay-as-you-go meeting and event rentals, and one-time project fees for custom design and build engagements. Go-to-market is sales-led, combining direct enterprise field sales for managed office contracts with inside sales for membership and SME conversions, supported by content marketing (H Blog) and organic social channels. Named customers span fintech (Fave Malaysia — a 19,000 sq ft, 300+ seat managed HQ), food delivery (Dahmakan), and lifestyle/retail (Dasher), with primary customer segments being SMEs, startups, MNC regional HQs, and hybrid/remote teams.

Name

H Space

Legal name

H Space Holdings Sdn Bhd

Website

https://hspace.co

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

H Space is a Malaysian flexible workspace provider operating three coworking locations across Greater Kuala Lumpur, offering coworking memberships, managed enterprise offices, meeting and event spaces, and custom office design services to SMEs, startups, and corporate teams.

Ownership category

akta.pro rank

Product category

Flexible Workspace & Managed Office Services

NAICS

Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

akta.pro secondary industry

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

Keywords

• Flexible workspace solutions
• Managed office services
• Coworking space Malaysia
• Office fit-out services
• Meeting room rentals

Headquarters

HQ city

Selangor

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Coworking Memberships: Recurring monthly revenue from hot desk, dedicated desk, and private office memberships. Members pay a monthly fee for access to flexible seating, amenities, and shared facilities. This is the primary recurring revenue stream.
2. Managed Office Solutions: Enterprise solutions providing fully furnished, customized private office spaces for businesses of all sizes. Revenue generated through monthly managed office fees that bundle rent, utilities, IT, maintenance, and support services.
3. Meeting Room Rentals: Hourly and daily rental of professional meeting rooms equipped with AV systems. Priced based on capacity (6 to 80 persons) and time of day (working vs non-working hours). Additional revenue from hourly extensions.
4. Event Space Rentals: Rental of event venues for seminars, workshops, business talks, and private executive meetings. Revenue from 4-hour blocks and additional hourly charges, with catering services available upon request.
5. Virtual Office Services: Premium business address services including mail handling and optional meeting room access for RM 100/pax/month. Targets remote workers and businesses needing a professional business address.
6. Custom Design and Build Solutions: Office renovation and fit-out services including space design, layout planning, branding elements, and full construction management. Revenue from one-time project fees for customized workspace design and build.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

H Space provides flexible workspace and managed office solutions across three locations in Greater Kuala Lumpur. The core offering combines fully furnished managed offices for SMEs, startups, and corporate teams with coworking memberships (hot desk, dedicated desk, private office, virtual office) for individual professionals, supplemented by hourly meeting room rentals, event spaces, and custom office design-and-build services.

Product overview

H Space is a flexible workspace provider offering an integrated portfolio of coworking and office solutions. The core offering combines Managed Office (Enterprise Solutions), Coworking Space, Meeting Space, and Event Space as the primary service pillars, supplemented by a Membership program providing tiered access (Private Office, Dedicated Desk, Hot Desk, Virtual Office) and a Custom Design Solution for tailored office renovations. The product architecture follows a platform-plus-modules model where businesses can choose from plug-and-play membership options or opt for fully customized enterprise solutions that include design, build, and ongoing management.

Differentiator

Problem solved

Functional benefit

Products and services

• Coworking Space Flexible, fully equipped coworking spaces for teams who want a professional setup without long-term leases. Offers move-in-ready environments with shared amenities including high-speed internet, premium amenities, and access to meeting facilities across three Kuala Lumpur/Petaling Jaya locations.
• Managed Office (Enterprise Solutions) Fully furnished, move-in-ready office spaces tailored for SMEs, startups, and corporate teams. Includes end-to-end management of daily operations covering utilities, cleaning, reception, and IT support, delivered through a 5-step process: consultation, strategy, execution, move-in, and ongoing management.
• Meeting Space Private meeting room rentals in KL and PJ suitable for business meetings, client sessions, and training. Offers room capacities from 6 to 80 persons with hourly and half-day packages, equipped with AV systems and priced differently for working vs non-working hours.
• Event Space Versatile corporate event venue for seminars, business talks, workshops, and executive meetings. Accommodates up to 80 pax with full AV equipment, catering options, and flexible layouts, available in 4-hour blocks with additional hourly extensions.
• Workspace Membership Flexible workspace membership program offering tiered access — Private Office (from RM 590/pax/month), Dedicated Desk (from RM 490/pax/month), Hot Desk (from RM 390/pax/month), and Virtual Office (from RM 100/pax/month) — providing high-speed internet and full amenities across H Space locations in KL.
• Custom Design Solution Tailored office design and build services for businesses seeking customized workspace renovations. Includes space planning, custom layouts, branding elements, full fit-out execution, and ongoing support, billed through one-time project fees.
• Workplace Consultancy Business consulting services helping companies plan and optimise their office setup when scaling, downsizing, or shifting to hybrid work models.

Quantifiable outcome

• 50-200 person teams can reduce first-year office costs from RM 800,000+ (traditional lease with RM 350,000-400,000 upfront renovation) to approximately RM 300,000-360,000 with managed office solution
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• IWG (Regus/Spaces): Global flexible workspace giant operating Regus, Spaces, and HQ brands across the world including Malaysia, providing direct competition for H Space's enterprise managed office business.
• The Executive Centre: Asia-Pacific premium serviced office provider serving multinational corporations and financial services firms, with established presence across major Asian markets and premium positioning comparable to H Space's enterprise managed office offering.
• JustCo: Singapore-headquartered flexible workspace operator with presence across Southeast Asia including Malaysia, offering premium coworking and enterprise office solutions to multinational clients.
• WeWork: Global flexible workspace leader operating in major Asia Pacific markets; while presence in Malaysia varies, WeWork represents the enterprise flexible office benchmark that H Space's managed office vertical competes against for multinational clients.
• Servcorp: Australia-founded global provider of serviced offices, virtual offices, and meeting rooms with Malaysian locations, competing directly with H Space's virtual office and meeting room offerings.

Direct peers

• WORQ Coworking Space: Malaysian coworking operator offering hot desks, private offices, and event spaces across multiple KL locations, targeting the same startup and SME customer base as H Space.
• Co-labs Coworking: Kuala Lumpur-based coworking and managed office provider offering flexible workspace solutions for startups and enterprises, competing head-to-head with H Space in the Klang Valley market.
• Common Ground: One of Malaysia's largest coworking and managed office operators with multiple KL locations, directly competing for the same SME and enterprise tenants as H Space across Klang Valley.

Emerging players

• Compass Offices: Asia-focused premium serviced office provider with presence in key Asian financial centers, offering enterprise-grade managed offices comparable to H Space's Bangsar South enterprise vertical.
• Bridge+: Singapore-headquartered flexible workspace provider with selective Asia presence, offering managed offices and coworking comparable to H Space's enterprise and SME solutions.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hspace.co
• LinkedInlinkedin.com/company/h-space-holdings-sdn-bhd
• Instagraminstagram.com/hspace.co/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about H Space