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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
On 14 August 1984, Scotts Holdings opened The Ascott Singapore, the first international-class serviced residence in the Asia Pacific region. [2] The name “Ascott” was coined by Ameerali Jumabhoy to represent Scotts Road in Singapore [3] (where the first property was located at) and a nod to the famed British races at Ascot, due to the family's association with equestrian sports. [4]
The Pinnacle@Duxton project holds the record for the highest average price of new flats purchased directly from HDB, as well as the most expensive unit offered and purchased at $646,000. In September 2020, the development held the record for both of the most popular sizes of 5-room and 4-room HDB units at $1.23 million and $1.19 million.
Great World, formerly known as Great World City, is a mixed-used development consisting of a 6-storey shopping mall, two 18-storey office towers and a 35-storey serviced apartment tower in the Central Area of Singapore.
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Rising housing prices led to public housing being seen as an investment from the 2000s, and new technologies and eco-friendly features were incorporated into housing estates. In the early 2020s, Singapore's public housing is located in new towns, in communities that are intended to be self-contained, with services nearby housing blocks, and is ...
After the acquisition of Central Square at Havelock Road in 2022, City Developments Limited will be redeveloping Central Mall, Central Square, and an adjacent cluster of conservation shophouses into a large-scale mixed-use lifestyle hub comprising a hospitality component, serviced apartments, and commercial spaces such as offices and retail units.
The development of new towns within Singapore were in tandem with the construction of public housing in the country – managed by the Housing and Development Board (HDB) under a 99-year lease. The majority of the residential housing developments in Singapore are publicly governed and developed, and home to approximately 80% of the population.
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