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Serviced Apartments: Short Term vs Long Term

Global Team

21 Feb 2025 - 5 min read

Serviced apartments in Singapore are highly favoured by expatriates for their seamless combination of comfort, convenience, and flexibility. The big question is what is the best option for renting a serviced apartments: short term vs long term?

Get To Know More About Serviced Apartments in Singapore

A serviced apartment is a fully furnished accommodation that seamlessly combines the comfort of home with hotel-style amenities and services. These typically include Wi-Fi, television, and laundry facilities, along with access to shared amenities such as gyms and swimming pools. Additional services like housekeeping, 24/7 concierge, and security enhance the experience are also available. Those reasons are making serviced apartments in Singapore ideal for both short-term and long-term stays.

This type of accommodation is particularly well-suited for expatriates, extended-stay visitors, and business travellers visiting Singapore. As a global business hub and popular tourist destination, Singapore attracts numerous international visitors seeking comfortable, home-like alternatives to hotels. Serviced apartments are often the preferred choice for individuals and families relocating to Singapore, providing temporary housing while they search for permanent accommodations. Consequently, the demand for serviced apartments in the country remains consistently strong.

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Comparison of Renting Serviced Apartments: Short Term vs Long Term

When deciding to rent a serviced apartment, whether for a short-term or long-term stay, several important factors need to be considered. Below are key points to help guide your decision:

1. Purpose of Stay

Short-Term: Ideal for vacations, business trips, or temporary relocation needs.

Long-Term: Best suited for work assignments, extended relocations, or settling in a new city for several months or years.

2. Cost Considerations

Short-Term: Typically comes with higher daily rates. Utilities, internet, and housekeeping are often included in the rent.

Long-Term: Lower monthly rates due to discounts for extended stays. Payment terms may be more flexible, but utilities and additional services may not always be included.

3. Flexibility in Leasing Terms

Short-Term: Offers flexibility with leases ranging from a few days to several months. Cancellation policies may be stricter and involve higher fees.

Long-Term: Usually requires a minimum stay of 6-12 months. Early termination fees may apply if the lease is ended prematurely.

4. Amenities and Services

Short-Term: Focuses on hotel-like services, such as daily housekeeping, concierge, and on-demand room service. Ideal for convenience and comfort.

Long-Term: May reduce the frequency of services like housekeeping and prioritises a homely environment with amenities like a fully equipped kitchen, washer/dryer, and workspace.

5. Location and Accessibility

Short-Term: Proximity to tourist attractions, business hubs, or event venues is crucial.

Long-Term: Focus shifts to areas with good infrastructure, public transport, schools, and grocery stores.

6. Space and Layout

Short-Term: Apartments tend to be compact and functional, often featuring open-plan layouts.

Long-Term: Typically larger apartments with defined living areas, offering greater comfort for extended stays.

7. Duration of Stay

Short-Term: Best suited for stays of up to three months.

Long-Term: More cost-effective and suitable for stays exceeding three months.

8. Legal and Contractual Obligations

Short-Term: Generally straightforward with minimal paperwork, making it ideal for expatriates or travellers with uncertain plans.

Long-Term: Typically involves detailed agreements, deposit requirements, and greater tenant responsibilities.

9. Lifestyle Preferences

Short-Term: Ideal for individuals or families seeking convenience, luxury, and a temporary home-away-from-home experience.

Long-Term: Suited for those who prefer a stable, home-like atmosphere with personalised touches.

10. Tax and Regulatory Considerations

Short-Term: Rentals may include service taxes or additional fees.

Long-Term: Long-term contracts may incur fewer taxes and administrative costs.

11. Customisation and Personalisation

Short-Term: Limited scope for customising the interior.

Long-Term: Greater freedom to personalise the space with personal belongings, making it feel more like home.

Recommended Locations for Serviced Apartments in Singapore

These areas are recommended locations for finding and renting serviced apartments: short term vs long term, tailored to your needs and budget!

The Most Sought-After Locations for Serviced Apartments in Singapore

In Singapore, the most popular areas for serviced apartments are typically located in the following key districts:

Orchard Road District: Centrally located with excellent connectivity to the entire city.

Central Business District (CBD): Ideal for professionals seeking convenience near workplaces.

Marina Bay Area: Offers stunning views and a luxurious cosmopolitan lifestyle.

Bugis and Kampong Glam: Blend cultural heritage with modern attractions.

Queenstown: A peaceful, high-quality area with easy access to the city and local amenities.

Affordable Serviced Apartment Locations in Singapore

The most affordable serviced apartments in Singapore are often situated in areas slightly removed from the city centre. These locations include:

Geylang: Known for its affordable rates, vibrant food scene, and good city-centre connectivity.

Queenstown: Offers suburban living with quality amenities at lower costs than upscale areas.

Novena: An emerging neighbourhood with affordable serviced apartments and excellent connectivity.

Toa Payoh: Budget-friendly and well-connected, with ample local amenities for convenience.

Tiong Bahru: A charming area with reasonably priced modern apartments and a historic vibe.

Booking Serviced Apartments: Short Term Vs Long Term on Traveloka Easily

There are many serviced apartment options available on Traveloka, ranging from high-end areas to suburban locations with more affordable budgets. The platform provides detailed information, including apartment facilities, guest reviews, and location details, helping users make informed decisions. Some of the popular serviced apartments include Ascott Orchard Singapore, lyf Farrer Park Singapore, 36 Club Residences, Citadines Raffles Place Singapore, Louis Kienne Serviced Residences - Havelock, and Great World Serviced Apartments. If you’re looking for more serviced apartment options in strategic areas of Singapore, consider checking locations like Harbourfront, Little India, or Chinatown.

Traveloka frequently offers promotions and discounts, allowing travellers to secure premium apartments at discounted rates. The booking process is simple and user-friendly, featuring transparent pricing with no hidden fees. Furthermore, the platform provides exceptional customer support to ensure a smooth experience throughout the booking process. With Traveloka, you can easily find the best deals on nearby hotels, flights and more tourist attractions.

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