Serviced apartments have become a favoured option for both short-term travellers and long-term inhabitants, owing to their convenience, adaptability, and homely features. Whether your visit is for business or leisure purposes, comprehending the expenses associated with serviced apartments is essential for making an informed accommodation decision.
Examine the pricing landscape of apartments in Singapore and learn valuable advice on saving during your upcoming stay.
What Influences the Cost of Serviced Apartments in Singapore?
The cost of serviced apartments in the city-state can vary significantly depending on several factors. These include the location, duration of stay, apartment size, and the amenities offered.
- Location: Serviced apartments in prime areas such as Orchard Road, Marina Bay, or the Central Business District (CBD) are typically more expensive due to the convenience and proximity to key business hubs and attractions. Apartments located farther from the city centre, such as in suburban areas like Jurong or Tampines, are more affordable.
- Apartment Size: The size of the apartment is another major factor influencing the cost. Larger units, such as two or three-bedroom apartments, will naturally be more expensive than studio or one-bedroom units. However, sharing a larger apartment may still be cost-effective for those staying with family or in groups.
- Amenities: Many serviced apartments come fully equipped with facilities such as a kitchen, gym, swimming pool, and daily housekeeping services. The inclusion of additional amenities typically results in an increased cost. An apartment with a kitchen in Singapore can be practical for those who prefer to cook their own meals, saving money on dining out.
- Duration of Stay: The length of your stay also impacts the cost of serviced apartments. Typically, long-term stays (usually defined as 30 days or more) come with discounted rates compared to short-term stays. If you’re booking an apartment daily, expect to pay more per night than for a monthly booking.
Average Cost of Serviced Apartments in Singapore
The cost of serviced apartments in Singapore generally ranges from SGD 150 to SGD 500 per night. The extensive variation can be attributed to the aforementioned factors. For example:
- Studio Apartments: These start from around SGD 150 to SGD 250 per night. These are ideal for solo travellers or couples wanting a compact space with basic amenities.
- One-Bedroom Apartments: Expect to pay between SGD 250 and SGD 400 per night. These offer more space and are a great option for longer stays or business travellers who need room to work.
- Two or Three-Bedroom Apartments: Two or three-bedroom units can range from SGD 400 to SGD 500 per night or more. These apartments often have a kitchen and additional living space, making them a home-away-from-home for extended stays.
How to Save on Serviced Apartments in Singapore
Although serviced apartments can be expensive, particularly if you rent an apartment in Singapore daily, a few ways still exist to manage costs. Below are some of these tips:
Book in Advance: Serviced apartments often offer early-bird discounts for those who book in advance. Planning your stay well ahead can help you lock in better rates, especially during peak travel seasons.
Opt for Suburban Locations: Choosing an apartment outside the city centre can significantly reduce costs. Locations like Novena, Queenstown, or Bukit Timah still offer good connectivity to the CBD but at a lower price.
Negotiate for Long-Term Stays: If you’re planning to stay for an extended period, negotiating for a long-term rental rate can result in substantial savings. Many serviced apartments offer discounts for stays of 30 days or more.
Look for Promotions: Keep an eye out for seasonal deals or promotions. Some serviced apartments provide discounts for specific periods, such as during off-peak seasons or special events.
Conclusion
Comprehending the cost of service apartments in Singapore is critical for making a well-informed choice regarding lodging. The rates fluctuate depending on location, size, and available amenities. However, there are various approaches to minimise expenses, including making reservations ahead of time, opting for accommodations in suburban regions, and negotiating rates for longer stays. Whether your requirement is for a daily apartment or an extended visit, serviced apartments offer comfort and flexibility that can enhance your experience in the city while also being economical.
Contact Aurealis Serviced Residence to experience comfort, convenience, and flexibility in your accommodations.