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A Short-Term Lease May Be Better For These 5 Groups

By: CP Residences
February 2023

While home ownership is a dream of many, there are five groups of people for whom a flexible short-term lease may be a better fit.

1. Digital nomads

Consider taking a workcation here to enjoy what Singapore has to offer without neglecting your work obligations.

With a short three-month minimum lease period, CP Residences gives working nomads with wanderlust the freedom to decide when to leave without being tied down to a typical 12-month lease – or longer.

2. Aspiring expatriates

What if the grass is indeed greener on the other side? Being immersed in the heart of Singapore might be the best way to gauge if life here is a good fit for you.

A typical short stay in a hotel might not be enough to experience what the country has to offer. The best way to truly experience life here is to live like a local – going to the heartlands, eating out in hawker centres, checking out the local arts scene, or even doing grocery shopping at the local market.

Love the sunny island vibe? Our flexible lease terms mean that you can easily extend your stay at any of our fully-furnished apartments and co-living spaces.

3. Business travellers

As flights are restored around the world, overseas work deployments are gathering momentum and returning to pre-pandemic levels.

A flexible short-term lease with CP Residences is a great alternative to corporate housing arrangements or extended stay hotels. With the luxury of a fully-furnished apartment with customisable layouts, and well-equipped kitchens, life is made hassle-free for you – and your family – so you can focus on work.

4. Newlyweds awaiting their flats

You’ve just tied the knot, but your new marital home is still under construction. Flexible short-term leases can cover your accommodation needs until your nest is ready.

The average waiting time for a Build-To-Order (BTO) flat is typically around four to five years. Throw in unexpected hurdles such as building delays and renovation woes, and the wait could be extended. 

With flexible leases, you can extend your stay as required while enjoying the comforts of home.

5. Those in between homes

A flexible short-term lease is a sensible option for those seeking a longer-term place to call home without being tied down by a long lease or a heavy mortgage. These could be prospective students waiting for student housing or those who are moving in with a prospective life partner. 

Life should be lived on your terms – and the flexibility which CP offers, along with the central locations, impeccable service and high quality of our homes, makes living with us an easy decision.

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