Cover The Oakwood Studios Singapore tower
The Oakwood Studios Singapore tower
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The freehold serviced apartment block in Orchard has been sold for close to S$153 million, and the buyer is linked to the family of an Indonesian tycoon
Situated on a 17,937 sq ft site on Mount Elizabeth, with amenities such as a rooftop swimming pool, a well-equipped fitness area, a residents’ lounge, and a co-working space, Oakwood Studios Singapore is an attractive residence at the heart of Singapore’s Orchard Road area. At the time of its launch in 2017, it was the world’s first Oakwood Studios to open.
After a previous Expression of Interest (EOI) exercise back in 2022, with a guide price of S$170 million, the award-winning serviced apartment block, which is a property by The Ascott under CapitaLand Investment, has now changed hands for S$152.76 million.
With a total of 96 units comprising studios as well as one and two-bedroom apartments, this price works out to S$1.59 million per apartment unit.
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Relaxing areas by the rooftop swimming pool
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The buyer, Singapore-incorporated company Grand Prestige Land, appears to be linked to the family of an Indonesian tycoon, rumoured to be Sugianto Kusuma, the founder of Jakarta-based property developer Agung Sedayu.
Neither the developer nor Oakwood Studios Singapore have confirmed the exchange. Tatler Homes Singapore has reached out for comment.
Above The Oakwood Studios Singapore tower
The Oakwood Studios Singapore tower
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Credits
Images: Courtesy of Oakwood Studios Singapore
