Market Insights | Housing Industry
As you would expect in a city that is a global expatriate/business travel hub, Singapore has a mature corporate housing market, offering a variety of solutions and apartment types, ranging from studios to 3-bedroom apartments. Although serviced apartments have existed in Singapore for over 30 years, the past ten years have seen an expansion and sophistication in housing offerings, tied to the surge in global corporate growth and the resulting demand generated by relocation and business travel.
The demand for serviced apartments that provide larger living space and hotel-like services has since increased exponentially to meet the needs of corporate travelers and their families. As a result, the serviced apartment industry in Singapore has evolved to deliver an extensive collection of premier quality properties and units.
Living Like a Local
Singapore is an intriguing blend of Western modernity and Asian culture, gleaming skyscrapers, Chinese chop houses, Malay mosques, Hindu temples, and an endless number of air-conditioned shopping malls. Singapore is safe, clean, and green – considered to be the Garden City. This is a great destination for expats since it has a stable government, cutting-edge infrastructure and, thoughtfully planned urban design. Singapore has one of the lowest crime rates in the world and has easily accessible modern public transportation. Singapore’s four official languages are English, Mandarin Chinese, Malay (Bahasa), and Tamil.
– Singapore Changi Airport is located 21 Km from the Central Business District, approximately 30-45 minutes – For more information about Singapore’s public transportation, visit:http://www.smrt.com.sg – http://www.sbstransit.com.sg
Serviced Apartment Rate Indicator*
* The following samples are average, nightly net rates based on a 12-month sample. Actual rates may vary based on availability and floor plan
!Dwellworks Living City Spotlight- Singapore May 2021
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Property Locations
Serviced Apartment properties can be found in the following locations across Singapore: Central Orchard Road, Orange Grove, Beach Road, Bencoolen Street, West Fusionopolis, West Coast.
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