Amid accelerated urbanization, serviced apartments—a property type blending residential and investment functions—are attracting significant market attention. However, before making any decisions, investors must fully grasp their unique product characteristics.

Several regulatory constraints exist at the policy level. As these properties are classified as commercial land use, they generally fall outside the scope of residential utility pricing, leading to higher long-term living costs. Additionally, most cities explicitly exclude commercial real estate from household registration policies, meaning purchasing such properties does not facilitate residency transfers.

A cautious assessment of asset attributes is necessary. Compared to the 70-year property rights of standard residential units, serviced apartments typically come with only 40-year usage rights. In terms of financial support, these properties are ineligible for provident fund loans, and some commercial banks maintain a cautious stance toward mortgage approvals for them.

Practical considerations regarding livability remain. To maximize space efficiency, some projects compromise on design and planning, manifesting in limited green coverage and relatively confined common areas. While loft designs are commonly used to enhance spatial utility, key factors affecting living quality—such as natural lighting and ventilation—still require improvement.

Market liquidity should also be factored into the evaluation. Compared to standard residential properties, the secondary market for serviced apartments is less active, and transactions may incur higher tax costs. Furthermore, some cities impose restrictions on the transfer of such properties, further constraining their liquidity.

Investors should pay closer attention to potential policy adjustment risks. In recent years, various regions have introduced regulations governing the sale and use of commercial office projects. Such policy changes could significantly impact the functionality and investment value of these properties.

Prospective investors are advised to conduct comprehensive analysis from the following perspectives: First, clarify the acquisition purpose—whether for self-use, rental income, or asset preservation. Second, accurately calculate all costs incurred during the holding period. Finally, gain an in-depth understanding of local policies, regulations, and future development plans. Only through a holistic evaluation can one make a rational decision aligned with personal needs.