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
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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.
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