Oakwood Residence Saigon

Oakwood Worldwide, wholly owned by Mapletree Investments ("Mapletree"), today announced the upcoming opening of their second property in Ho Chi Minh City, District 7. 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 64,250 sqm shopping mall, Mapletree Business Centre, a 17-story Grade A office tower, OakwoodResidence Saigon and a high-rise residential block RichLane Residences. There are also plans for two more commercial towers in the precinct.

The gateway to the Mekong Delta provinces, Ho Chi Minh City observes the highest tourist numbers in the country, and international arrivals into Vietnam are expected to reach 20 million by 2020. Domestic travel has also seen a 15% increase with expectedcontinued growth.

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 MapletreeBusiness Centre. In the heart of an affluent neighborhood with a prominent expat community, the serviced residence is within close proximity to numerous international schools, a hospital, as well as retail and dining options. Guests at Oakwood ResidenceSaigon can also easily access the Central Business District, industrial zones as well as the Saigon Exhibition and Convention Center (SECC).

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 outdoorswimming 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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