10 Aug '11, 2am
Serviced residences in Singapore growing in demand
MANY serviced residence operators say more visitors are opting for serviced residences over renting or buying a home when they are posted to work in Singapore. This type of accommodation typically caters to longer-staying guests by providing fully-furnished units that are more spacious than an average hotel room. But these homes can also come with services like weekly house cleaning and baby-sitting services. Serviced residences here say their businesses have have been making a good recovery since the recession of 2008-9, when companies were less likely to commit to longer leases due to the troubled global economy.