The faltering experiment with long-stay serviced apartments

This week in Property

• The lukewarm response to long-stay serviced apartments
• Meyer Blue’s sales
• HDB’s upcoming Build-To-Order exercise  
• China’s stirring housing market

Ditch long-stay serviced apartments?

To better address rental housing needs, the government introduced a new category of long-stay serviced apartments labelled SA2. 

SA2 apartments are to be rented out for lodging purposes for a minimum period of three months, unlike other serviced apartments where the minimum rental period is seven days. The minimum lease period is three months for a private home and six months for a Housing and Development Board (HDB) flat.