Stay awhile: How long-stay serviced apartments may change the housing landscape

IN LATE November last year, the government unveiled a new category of serviced apartments following a boom in the rental market, with a longer minimum-stay requirement of three months to better meet demand. 

At first glance, the new rental housing option appears late to the party as private residential rents have started to soften amid an easing in the housing shortage.

Yet, there may still be a place in the Singapore residential accommodation spectrum for long-stay serviced apartments.