The Business Times
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SINGAPORE PROPERTY

Indonesian tycoon’s family pays S$153 million for serviced apartment block in Orchard area

Oakwood Studios Singapore is on a 17,937 square foot site, with amenities that include a rooftop swimming pool, fitness area, residents’ lounge and co-working space

Summarise
Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Feb 6, 2025 · 07:41 PM — Updated Tue, Feb 11, 2025 · 08:48 PM
    • Oakwood Studios is a conversion of the former Chateau Eliza, which Newfort Realty clinched in 2012 for S$92.2 million through a collective sale.
    • Oakwood Studios is a conversion of the former Chateau Eliza, which Newfort Realty clinched in 2012 for S$92.2 million through a collective sale. PHOTO: GOOGLE MAPS

    OAKWOOD Studios Singapore, a freehold serviced apartment block on Mount Elizabeth, has changed hands for S$152.76 million.

    The price works out to S$1.59 million per apartment unit. The property comprises 96 units of studio, one and two-bedroom apartments, information on The Ascott booking website showed.

    Oakwood is a brand under The Ascott, the wholly owned lodging business of CapitaLand Investment.

    Singapore propertyServiced residencesCommercial & Industrial

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