Oakwood to make debut in Singapore
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Oakwood Asia Pacific, the serviced apartment operator, has signed a management contract with Newfort Realty Pte Ltd for its first branded property in Singapore.
Scheduled to open in November 2016, the property will form part of the new Oakwood Studios brand, which the company says is targeted at “global nomads”.
Located at Mount Elizabeth, just off the main Orchard Road, the Oakwood Studios Singapore will offer 98 residences, ranging from studios to two-bedroom apartments, plus a residents’ lounge, a gym and a rooftop swimming pool.
Oakwood said it is now planning to roll out the Oakwood Studios concept in a series of key global cities.
“I cannot describe how truly delighted we are to open our first Oakwood-branded serviced apartment property in Singapore,” said Dean Schreiber, managing director of Oakwood Asia Pacific.
“Singapore is an important destination in both the business and leisure travel sectors and we have seen a marked surge in demand for serviced apartments in the city, as clients recognise the value of the home-like environment such accommodation provide, their cost effectiveness and flexibility.
“It has therefore long been our desire to have a branded property in this key gateway city, but it was a matter of finding the right property, in the right location, with the right partner. With this property and with Newfort Realty Pte Ltd, all forces have finally aligned.”
As with all Oakwood properties, Oakwood Studios Singapore will cater for extended stay travellers, with all units featuring large rooms, kitchens, cutlery and washer/dryers.
Oakwood Asia Pacific currently operates a portfolio of 28 Oakwood-branded properties in 16 Asian cities.
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