Ascott grows Oakwood by over 20% since acquisition


Oakwood has been expanded to 48 cities, including Busan in South Korea and Ha Long (pictured) in Vietnam. — The Straits Times

SERVICED apartment provider Oakwood has secured over 3,000 units across more than 20 properties since it was acquired by CapitaLand Investment’s (CLI) lodging arm, The Ascott, in the second half of 2022.

Ascott on Jan 18 said its Oakwood portfolio has grown by more than 20% to almost 18,000 units, up from about 15,000 units at acquisition, making it one of the company’s fastest-growing global brands in 2023.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In