Mapletree to launch serviced apartment complex in Ho Chi Minh City
By Ha Linh
March 29, 2018 | 08:17 PM GMT+7
Oakwood Worldwide, wholly owned by Mapletree Investments has announced the upcoming opening of their second property in Ho Chi Minh City.
Mapletree is expanding property business in Vietnam along with its Singaporean peers Kepple Land and CapitaLand
Set to be operational in April 2018, Oakwood Residence Saigon, the first Oakwood serviced apartment developed by Mapletree in Vietnam is part of the Saigon South Place.
Saigon South Place is a 4.4-hectare integrated mixed-use project master-planned and developed by Mapletree.
The development comprises SC VivoCity, a 64,250sqm shopping mall, Mapletree Business Centre, a 17-story Grade A office tower, Oakwood Residence Saigon and a high-rise residential block RichLane Residences.
There are also plans for two more commercial towers in the precinct.
“Vietnam has been experiencing robust economic growth and with international arrivals and domestic travel expected to continue on a growth trajectory, it is an opportune time for us to grow our presence in the country,” said Dean Schreiber, managing director, Oakwood Worldwide in Asia Pacific.
Preceded by Oakwood Apartments Ho Chi Minh City, which opened in December 2016 in District 3, Oakwood Residence Saigon is located in the city’s fast growing urban center of Phu My Hung in District 7, and adjacent to SC VivoCity and Mapletree Business Centre.
Boasting 237 units ranging from studios to three-bedroom apartments, Oakwood Residence Saigon offers guests fully furnished serviced apartments for both short and long stays.
An ideal residence for families and groups, facilities include an outdoor swimming pool, fitness center, children’s playground, barbeque pavilion, residents’ lounge, car park, an on-site restaurant, as well as versatile multi-function meeting rooms.
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