MetroResidences launches long-stay leases

George Sell George Sell Uploaded 26 November 2020

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Singapore: MetroResidences today announced the launch of Residential Rentals - a new category of property inventory for long-term leases in Singapore and Japan.

Complementing the serviced apartment listings offered on its platform, Residential Rentals features recently constructed residential buildings with a range of apartments available for annual leases.

Launching with 15 major districts in Singapore and Tokyo, Residential Rentals addresses the accommodation needs of individuals and families looking for affordable high-quality apartments in the cities' popular neighbourhoods. Locations include Tanjong Pagar and Redhill in Singapore; Azabu Juban and Ginza in Tokyo, Japan. More than 1,000 units from 280 residential buildings are available to lease.

"With the COVID-19 pandemic bringing global travel to a halt, majority of our accommodation enquiries have shifted from business travellers booking mid-term stays, to expats and local residents looking for long-term rental options," said Lester Kang, co-founder of MetroResidences. "Residential Rentals is created to meet the shift in our consumer profiles and we aim to grow this inventory to 15,000 units by the end of 2021."

Apartments are available in partially-furnished or unfurnished condition, with sizes ranging from studio to five-bedrooms units.

"MetroResidences recognises the importance of keeping up with the changing market demands. The introduction of Residential Rentals in Singapore and Japan strengthens our value proposition as a holistic accommodation provider as we progressively expand our operations and product offerings to the tenant network," said James Chua, co-founder of MetroResidences.

 

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