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Mr. Chua Tiow Chye, Deputy Managing Director of Mapletree Investments, said: “Mapletree is proud to launch its first Oakwood-branded serviced apartment project in Vietnam, and its second in Asia Pacific, following the official acquisition of Oakwood Worldwide. Recognizing the growth potential of the serviced apartment segment, we plan to expand our business, invest in, and develop serviced apartment projects globally under the Oakwood brand.”
Dean Schreiber, Managing Director of Oakwood Worldwide in Asia Pacific, shared: “Vietnam is experiencing remarkable economic growth, with increasing international flights to the country and rapidly growing domestic travel demand. Therefore, we believe this is the right time to establish and expand our presence in the country.”
As the gateway to the provinces and cities of the Mekong Delta region, Ho Chi Minh City receives the highest number of visitors in Vietnam. The number of international visitors to Vietnam is predicted to reach 20 million by 2020. Domestic tourism is also projected to continue growing by approximately 15%.
The facade of Oakwood Residence Saigon
In December 2016, Oakwood Apartments Ho Chi Minh City, the first Oakwood-branded serviced apartments, opened in the city. This April, Oakwood Residence Saigon continues its expansion into this promising area, located in the heart of the rapidly developing Phu My Hung urban center, District 7, right next to SC VivoCity and Mapletree Business Centre. Situated in the center of an affluent residential area with a large expatriate community, Oakwood Residence Saigon boasts a prime location near international schools, hospitals, restaurants, cafes, as well as the central business district, industrial zones, and the Saigon Exhibition and Convention Center (SECC).
3-bedroom apartment at Oakwood Residence Saigon
With 237 fully furnished rooms, ranging from studios to three-bedroom apartments, Oakwood Residence Saigon is suitable for both short-term and long-term stays, especially for groups or families. Facilities include an outdoor swimming pool, fitness center, children's playground, BBQ area, relaxation and recreation area, car park, restaurant, and multi-functional meeting rooms.
Officially opening in April 2018, Oakwood Residence Saigon will offer a 10% discount for bookings made before June 30, 2018, with a minimum stay of one month. For shorter stays, guests can receive a 15% discount under the Best Flexible Rates policy when staying between April 2 and June 30, 2018.
News: BK - XN
