Also called: Studio, Studio flat, Service apartment (when managed)
A one-room home in which living, sleeping and cooking share one space, with a separate bathroom. Often sold as an investment for rental near offices and colleges.
How it works and what to check
Studios are common in newer projects near business districts and in co-living buildings. Some are in commercial projects, which can change the property tax, utility tariff and resale market; check the approved use of the building.