Sontana started to address challenges for real estate investors seeking an alternative for condo rentals, especially when lacking time or resources for property management. This includes complex marketing, which can be time-consuming without experience, leading many to rely on agents with limited services and added fees.
During leasing, room owners also still need to invest time in addressing tenant needs and managing room improvements themselves. Real estate investment can entail unexpected challenges that investors may not anticipate beforehands.
After the COVID-19 pandemic, the rental market landscape has changed significantly. Companies now prefer shorter one-year agreements or project-based arrangements lasting 2 to 3 months for hiring foreign individuals, reducing the number of tenants willing to commit to lengthy annual leases. This has led to more unoccupied living spaces and a decline in rental prices, causing property owners’ income to unexpectedly decrease.
On the other hand, there’s been a significant increase in demand for mid-term rentals, ranging from 1 to 6 months. This demand comes from a diverse group of tenants, including foreign project employees, digital nomads, long-term tourists, and wellness-conscious travelers, all seeking ‘move-in-ready’ housing solutions. In response, Sontana therefore has adapted by offering well-designed, flexible, and convenient rental units tailored to meet their preferences and needs.
Sontana is dedicated to meticulously designing and refining our partner Service Residence rooms to meet the highest standards. We focus on creating spaces that cater to tenants’ practical needs while providing a contemporary and comfortable living experience. These fully-equipped rooms are move-in ready from day one. What sets Sontana apart is our commitment to seamlessly managing the tenant experience, starting from lease signing and extending throughout their stay. We prioritize tenant care and design our rooms to offer a second home with solace, warmth, security, and joy.