OAKWOOD Asia Pacific has signed a management contract with Newfort Realty to launch its first Oakwood-branded property in Singapore come November 2016.
Located near Mount Elizabeth Hospital on 18 Mount Elizabeth, just off shopping belt Orchard Road, the property will be part of the new Oakwood Studios brand.
Oakwood Studios Singapore will offer 98 residences ranging from studio units to two-bedroom apartments, with amenities including a lounge, gym and rooftop swimming pool.
The property will provide fully furnished accommodations, including kitchens complete with kitchenware, cutlery, washer and dryer.
Dean Schreiber, managing director of Oakwood Asia-Pacific, said: “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 provides, their cost effectiveness and flexibility."