Serviced residences

THE LEADERSHIP PLAYBOOK

Genting scion Lim Keong Wee takes principles from ‘university of life’ to build his wellness empire

Initial Sama serviced residence is part of strategy to grow its leasing and management portfolio

Beh Siew Kim, chief financial and sustainability officer for lodging at CapitaLand Investment, believes every individual can be a part of the sustainability journey.
IMPACT LEADER EXCELLENCE AWARD (INDIVIDUAL)

From business imperative to bigger purpose: Beh Siew Kim on sustainability in hospitality

Beyond investor returns, sustainability for Ascott means uplifting communities, protecting the environment and inspiring change

Far East Hospitality's serviced residences across Singapore offer flexible corporate housing solutions, eliminating relocation complexity.
BRANDED CONTENT

Flexible terms, pet-friendly, admin-free: The corporate housing solution for relocating talent smoothly

Far East Hospitality’s nine serviced residences eliminate the administrative complexity and lengthy set-up processes that delay executive relocations

Each charge carries a maximum fine of S$200,000.

Two men, four firms face multiple charges over illegal short-term stays in private homes

The agency warns that such properties must be rented out for a minimum of three consecutive months

Momentus Serviced Residences Novena has 78 serviced apartments, comprising studio, one and two-bedroom apartments.
SINGAPORE PROPERTY

BlackRock buying serviced apartment block near Novena for S$100 million

The 15-storey building, at 12 Shan Road, is being sold by a Roxy-Pacific-led joint venture

An artist's impression of the Ascott Shenton Way in Singapore. The Ascott brand portfolio includes more than 80 properties with over 17,400 units – both operational and in the pipeline – across 43 cities.

Ascott looks to stay agile amid uncertainty as it continues to grow footprint in Asia

The company recently announced the launch of three new properties – in Manila, Singapore and Wenzhou, China

Oakwood Studios is a conversion of the former Chateau Eliza, which Newfort Realty clinched in 2012 for S$92.2 million through a collective sale.
SINGAPORE PROPERTY

Indonesian tycoon’s family pays S$153 million for serviced apartment block in Orchard area

Oakwood Studios Singapore is on a 17,937 square foot site, with amenities that include a rooftop swimming pool, fitness area, residents’ lounge and co-working space

Long-stay serviced apartments may not be useful in meeting rental housing demand.
THE LEVEL GROUND

Why the long-stay serviced apartments model should be ditched

Uncertainty over user demand could explain tepid interest of property groups

The Media Circle plot can yield 520 apartment units, with commercial use on the first storey.

Media Circle serviced apartment site not awarded, S$461 psf sole bid too low: URA

The one-north plot is the third site to go unawarded this year, pointing to a disconnect between developers’ views and government’s plans, say observers

Before the tender closing, up to three bids were expected for the sale of the first state land plot dedicated to long-term serviced apartments.

Frasers Property-led group puts in sole bid for Media Circle serviced apartment site at S$461 psf ppr

This is below estimates from market watchers for a top offer ranging between S$650 psf ppr and S$1,100 psf ppr