Market Share
Hotel/serviced apartments make up less than 10% of all ready apartment
sales, and have consistently done so over the last four years. Within the
hotel/serviced apartment space, luxury accounts for the majority of
transactions.
Price Performance Comparison
Surprisingly, the secondary market has seen better price performance overall,
both in regular and hotel/serviced apartments. Secondary apartments have
also outperformed their hotel/serviced apartment counterparts in both the
luxury and mid-market communities. On the whole, regular apartments have
seen greater price performance, but the data is a mixed bag.
Rental Yield Analysis
In the rental market, regular apartments have outperformed hotel/serviced
apartments again with a higher average yield. Furthermore, hotel/serviced
apartments consistently have higher services charges per square foot
compared to regular apartments