Service apartments have become preferred for business travellers, expatriates, and individuals seeking extended stays in Singapore. Service apartments are fully furnished with utilities, housekeeping, and various amenities. These conveniences often lead to the perception that they come at a premium. Understanding the cost of service apartments requires a breakdown of price tiers, inclusions, and the features that distinguish the best service apartments in Singapore from standard options.
Average Monthly Rates Across Different Unit Sizes
The cost of service apartments in Singapore varies based on location, apartment size, and level of service. Studio units and one-bedroom apartments typically range from SGD 3,000 to SGD 5,000 per month, ideal for solo professionals or short-term business stays. For couples or small families, two-bedroom units may cost between SGD 5,000 and SGD 7,500. These rates generally cover Wi-Fi, utilities, weekly housekeeping, and access to shared amenities like a gym or pool.
Larger three-bedroom service apartments, suitable for families or senior executives, often start from SGD 8,000 and can exceed SGD 12,000 monthly, especially in prime districts such as Orchard, Marina Bay, or River Valley. These higher-end properties provide spacious layouts, enhanced privacy, and personalised services. The convenience and flexibility they offer contribute significantly to their price point.
Location Matters: How District Affects Pricing
The location usually determines rental rates in Singapore. Service apartments in central areas such as Orchard Road, the Central Business District (CBD), and Marina Bay command the highest prices due to their proximity to offices, embassies, shopping malls, and public transport hubs. These locations are ideal for professionals who prioritise accessibility and prefer being in the heart of the city.
Suburban districts like Novena, East Coast, or Bukit Timah tend to offer more competitive prices while maintaining convenient access to amenities. These locations often attract families and long-term residents looking for a quieter environment. When choosing a location, balance your commuting needs and lifestyle preferences against the price difference. Even within the category of the best service apartments in Singapore, the location can shift the monthly cost by several thousand dollars.
Factors That Influence Pricing Beyond Size and Location
Aside from size and location, several other variables can affect the cost of service apartments in Singapore. Lease duration is a major factor, as monthly contracts are more expensive than six-month or annual commitments. Shorter leases offer flexibility but come with a premium. Booking during peak periods, such as festive seasons or large-scale business events, can also push prices up due to high demand.
Newer developments with modern interiors and advanced facilities tend to command higher prices than older buildings. Expats and corporate clients prefer newer apartments for their cleanliness, design, and better-maintained services. Whether travelling solo or relocating with a family, selecting a property that meets your needs without unnecessary extras helps manage overall costs effectively.
What’s Included in the Price? A Look at Value
One reason service apartments are more expensive is the bundle of services included in the rent. Standard packages typically have full furnishings, utility bills, high-speed internet, weekly housekeeping, and maintenance. These features reduce the stress of managing multiple bills and eliminate the need to buy or rent furniture.
Some premium apartments offer additional perks, such as airport transfers, concierge services, in-unit laundry, and round-the-clock support. While these extras contribute to a higher price tag, they also enhance convenience, making the living experience smoother—especially for newcomers unfamiliar with local services. Assessing these inclusions is essential when comparing prices between properties.
Conclusion
The cost of service apartments in Singapore reflects their convenience, flexibility, and range of services. While they are typically more expensive than traditional rentals, the value lies in the all-in-one pricing structure that simplifies day-to-day living. Whether you’re choosing a compact studio or a spacious three-bedroom unit, understanding what drives pricing helps you make an informed decision. When selecting from the best service apartments, it’s about the monthly rate, lifestyle and support included in that price.
Looking for a well-appointed apartment with flexible terms? Contact Aurealis Serviced Residence and discover how they can offer value and comfort that fits your needs.
