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OUE Limited on Thursday (7 October) signed a management agreement with Oakwood Asia Pacific to manage its upcoming serviced residence in Singapore.
Slated to open in 2017, Oakwood Premier OUE Singapore (pictured) will feature 268 serviced residences, consisting of 82 studio apartments, 193 one-bedroom apartments, and 47 two-bedroom apartments. Unit sizes range from 28 sq m to 98 sq m.
The serviced residences will also feature a range of facilities such as a swimming pool and a fitness centre, as well as services including private dining, daily housekeeping, and a concierge, all managed by Oakwood.
“The opening of Oakwood Premier OUE Singapore will be our second property in [Singapore],” said Dean Schreiber, managing director of Oakwood Asia Pacific. “This has been an amazing year for Oakwood Asia Pacific. Our accelerated pace of development saw us adding 26 percent to the existing portfolio of Oakwood Asia Pacific in 2016 alone, and we expect to continue on this blistering pace over the next few years.”
Oakwood Premier OUE Singapore will form part of the upcoming OUE Downtown, an integrated mixed-use development which will also comprise retail and premium office spaces.
Image: Artist’s impression of OUE Downtown. (Source: OUE, Oakwood)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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