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PROPERTY INSIGHTS

The faltering experiment with long-stay serviced apartments

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Leslie Yee

Leslie Yee

Published Tue, Oct 8, 2024 · 12:30 PM
    • Locals and foreigners who need lodging for several months or more may prefer for cost reasons to choose a private or HDB home over an SA2 unit, writes BT senior correspondent Leslie Yee.
    • Locals and foreigners who need lodging for several months or more may prefer for cost reasons to choose a private or HDB home over an SA2 unit, writes BT senior correspondent Leslie Yee. BT SCREENSHOT

    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.

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