7 October 2016

OUE partners with Oakwood Asia Pacific for new serviced residences at OUE Downtown

OUE, a premium hospitality sector specialist, has signed a management agreement with Oakwood Asia Pacific under which Oakwood will manage the new Oakwood Premier OUE Singapore serviced residences at OUE Downtown. 

Schreiber (left) and Thio at the signing ceremony.
Schreiber (left) and Thio at the signing ceremony.

OUE Downtown, formerly the headquarters for DBS, is located in the commercial district between Raffles Place and Tanjong Pagar. An integrated mixed-use development set to debut mid 2017, OUE Downtown fuses residential, retail and leisure experiences.

Thio Gim Hock, CEO and Group MD of OUE, explained that the company envisages Downtown OUE as the focal point for a vibrant community. The central business district lacks accommodation, shopping and dining options, which OUE will provide grog Downtown OUE in line with the motto "eat well, look well, keep well", he explained.

"Our vision is to bring a new sense of belonging to the urban community," he said.

Dr Stephen Riady, Executive Chairman, OUE said, "When it opens in 2017, OUE Downtown will be well-positioned to create a new work-play-live destination in the heart of Singapore's downtown, offering a range of serviced residences, retail and office amenities in the central business district."

Oakwood Premier OUE Singapore blends urban style with nature inspired elements. The 268 serviced residences are curated with a collection of luxury living, style and design touches. Facilities and services include private dining, a swimming pool, a fitness centre, daily housekeeping, a concierge and more, managed by Oakwood. Retail options for groceries and shopping will be available within the complex.

Dean Schreiber, MD, Oakwood Asia Pacific, said that the Oakwood Premier property would be a flagship product in the company's portfolio of serviced apartments. "The opening of Oakwood Premier OUE Singapore will be our second property in this great city. This has been an amazing year for Oakwood Asia Pacific. Our accelerated pace of development saw us adding 26% 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," he said.

Schreiber added that Singapore is a global city and a key destination for both business and leisure travellers, the target audience for the fully furnished, fully equipped and move-in ready serviced residences.


OUE Downtown is at 6 Shenton Way. There are two tower blocks. OUE Downtown 1 is a 50-storey building while Downtown 2 is a 37-storey building. The serviced residences will be in the low to mid zones of OUE Downtown 1. The high zone of OUE Downtown 1 and all of Downtown 2 will be premium office space. An existing podium will be converted into a retail mall named Downtown Gallery.

Oakwood Premier OUE Singapore will consist of 82 studio apartments, 139 one-bedroom apartments, and 47 two-bedroom apartments. All units will feature a fully equipped kitchen, while the one- and two-bedroom units will be fitted with a washer and dryer as well. Studio apartments are 28 to 32 sq ft in size, while the one-bedroom apartments will be 30 to 58 sq ft. The two-bedroom apartments are 70 to 98 sq ft.

The facilities are expected to be ready mid-2017.

posted from Bloggeroid