Serviced Apartments Singapore Monthly: A Guide to Affordable and Convenient Living

Introduction

Serviced apartments have become increasingly popular in Singapore due to their flexibility, affordability, and convenience. Whether you're a business traveler, an expat, or simply looking for a short-term accommodation option, serviced apartments offer a comfortable and hassle-free living experience.

Why Choose a Serviced Apartment?

• Flexibility: With no long-term contracts, you can rent a serviced apartment for as short as a day or as long as you need. This makes it an ideal choice for travelers, business executives, and those in transition between homes.
• Affordability: Compared to traditional hotels, serviced apartments typically offer lower nightly rates, especially for longer stays. They also provide additional amenities like kitchens and laundry facilities, which can save you money on dining and laundry expenses.
• Convenience: Serviced apartments are fully furnished and equipped with all the necessary amenities, including kitchens, bathrooms, and living areas. This eliminates the need to purchase furniture or appliances, saving you time and hassle.

Monthly Rental Rates

The monthly rental rates for serviced apartments in Singapore vary depending on the location, size, and amenities offered. According to a recent report by Savills, the average monthly rent for a one-bedroom serviced apartment in the Central Business District (CBD) was $3,500 in 2023. In other areas of Singapore, such as Orchard Road and River Valley, monthly rents can range from $2,500 to $4,000.

Table 1: Monthly Rental Rates for Serviced Apartments in Singapore

Amenities Available

Serviced apartments typically offer a wide range of amenities, including:

• Fully furnished apartments with modern furniture and appliances
• Well-equipped kitchens with refrigerators, stoves, ovens, microwaves, and dishwashers
• Private bathrooms with showers or bathtubs
• Separate living and dining areas
• Laundry facilities (in-unit or shared)
• Wi-Fi and cable TV
• Housekeeping services
• 24-hour security and concierge services

Common Mistakes to Avoid

When renting a serviced apartment in Singapore, it's important to avoid common mistakes that can cost you money or inconvenience. Here are a few tips:

• Not reading the contract carefully: Make sure you understand the terms of the contract before signing. Pay attention to the rental rate, security deposit, cancellation policy, and any additional fees.
• Not checking the amenities: Visit the apartment before signing the contract to ensure that it has all the amenities you need.
• Not checking the location: Consider the location of the apartment and make sure it's convenient for your work or travel plans.
• Not negotiating the rent: Don't be afraid to negotiate the rent, especially if you're staying for a longer period of time.
• Not asking for a discount: Many serviced apartment providers offer discounts for weekly or monthly stays. Ask about discounts when booking.

Conclusion

Serviced apartments in Singapore offer a comfortable, flexible, and affordable living option for travelers, business executives, and anyone looking for a short-term accommodation. With a wide range of amenities and locations to choose from, you're sure to find a serviced apartment that meets your needs.