MetroResidences Launches New Property at Newton, Singapore

SINGAPORE,Nov.19,2019 -- Singapore-headquartered hospitality brand,MetroResidences unveils its newest property,MetroResidences Newton at 1A Surrey Road,offering more options for travellers seeking accommodation at the city fringe.

MetroResidences Launches New Property at Newton,Singapore

The 20,000 GFA Square Feet building is located in the vicinity of United Square,Novena Square,Goldbell Towers,Newton MRT and Novena MRT. The launch of MetroResidences Newton provides a pragmatic solution for guests seeking plug-and-play living just outside the central business district.

The site comprises 50 fully furnished studio apartments to cater to guests seeking a 3 to 24 months lease. Facilities include a gym,pool,hot tub and access to the MetroResidences community. Monthly rates start from $1,800.

James Chua,CEO of MetroResidences said,"As Singapore remains on top of its game in attracting top talent to its shores,the Newton project provides a cost effective,aspirational,and well-located option for discerning tenants. Location,affordability,design and the community are essential in creating a fulfilling experience for our guests,and these factors were front and center when putting MetroResidences Newton together."

This site adds to the 1,000 apartment-inventory managed by MetroResidences. Other sites managed by MetroResidences include a serviced apartment building located at 36 Club Street,as well as residential buildings along Meyer Place,South Buona Vista and numerous other locations.

Looking ahead,MetroResidences will work together with the Urban Redevelopment Authority (URA) and landlords to seek out more convenient and competitive accommodation options for professionals. URA announced earlier this year that it is planning to create three major economic getaways in the West,North and East of Singapore. In response,MetroResidences will be cooperating with landlords in these areas to provide additional housing options in these upcoming major employment hubs.

"Looking beyond Singapore's shores,we are expanding our services in Asia Pacific. We aim to double our inventory from the existing 1,000 units to 2,000 in the near term by scaling our operations in Japan,Australia,Vietnam and Indonesia," said Chua.

About MetroResidences

MetroResidences (https://metroresidences.com) is a Singapore headquartered hospitality brand established in 2014 creating better city-living experiences for professionals. It operates serviced apartments,hotels,residential buildings,and co-living rooms. The company offers a variety of private and shared living spaces allowing every guest to find the perfect home,wherever work takes them. As of 2019,MetroResidences manages more than 1000 apartments in Singapore,Hong Kong and Japan,serving over 5,000 companies with half a million nights booked.

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