Oakwood Asia Pacific signed a management agreement with property developer OUE Limited last Friday to manage the new Oakwood Premier OUE Singapore serviced residences. Scheduled to open in mid-2017, the property will be part of the OUE Downtown mixed-use development and will offer a total of 268 serviced residences.

Located in the heart of the city’s CBD, the property will provide private dining services, a swimming pool, fitness centre, daily housekeeping, and a concierge, all managed by the hotel group. Meanwhile the development itself offers retail and grocery shopping options for guests.

“We are delighted to be opening an Oakwood Premier property in our home location of Singapore, and look forward to establishing this as a flagship product in our portfolio of award-winning serviced apartments,” 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 per cent 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.”