Ascott Singapore will open Oakwood Premier Raffles Place Singapore on 1 April 2026, expanding the Oakwood brand in the city’s central business district. The 299-room property at CapitaSpring strengthens The Ascott Limited’s serviced residence portfolio in Singapore and reflects growing demand for premium urban accommodation.
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Key Takeaways
- Oakwood Premier Raffles Place Singapore will open on 1 April 2026 in CapitaSpring.
- The 299-room property is located in Singapore’s Raffles Place CBD near major MRT stations.
- The launch expands The Ascott Limited’s Oakwood brand presence in Singapore.
- Amenities include wellness facilities, smart technology, and sustainability initiatives.
- The opening follows Oakwood Bencoolen Singapore’s launch in December 2025.
Oakwood Premier Raffles Place Singapore Opening
Ascott Singapore has announced that Oakwood Premier Raffles Place Singapore will officially open on 1 April 2026, marking a new chapter for the Oakwood Premier brand in the city.
The 299-room property is located within CapitaSpring at 88 Market Street, occupying seven levels and offering elevated views across Singapore’s skyline. Situated in the heart of the Raffles Place Central Business District, the development targets business travellers, professionals on extended assignments, and leisure visitors seeking a central location.
The upcoming opening expands The Ascott Limited’s Singapore portfolio, which currently comprises 26 operational and pipeline properties across brands including Ascott, Oakwood, Citadines, Somerset and lyf.
For more information about the Oakwood brand globally, see the official Oakwood by Ascott website.
Strategic Location in Singapore’s Financial District
Oakwood Premier Raffles Place Singapore benefits from proximity to key transport and lifestyle hubs.
The property sits within minutes of Raffles Place MRT Station and Telok Ayer MRT Station, offering direct connections across Singapore’s public transport network.
Guests are also located near several of the city’s well-known dining landmarks, including:
- Market Street Hawker Centre
- Lau Pa Sat hawker centre
Singapore’s hawker culture was inscribed on UNESCO’s Intangible Cultural Heritage list, recognising the role of street food in shaping the nation’s culinary identity.
More information on Singapore’s food culture can be found via the Singapore Tourism Board.
Leadership Perspective
Judy Wong, Country General Manager, Singapore, The Ascott Limited, said the opening reflects growing demand for premium accommodation that combines residential comfort with hospitality services.
Wong said:
“The opening of Oakwood Premier Raffles Place Singapore in the heart of Singapore’s premier financial district marks an important step in the continued growth of the Oakwood brand. This expansion reflects the rising demand for premium accommodation that blends residential comfort with hotel-style services, strengthening Oakwood’s footprint in the Asia Pacific region.”
She added that the property’s location positions it to serve both business travellers and leisure guests seeking access to the city’s cultural and culinary offerings.
Comprehensive Amenities for Modern Travellers
Oakwood Premier Raffles Place Singapore is designed around the brand’s “Home + Beyond” philosophy, which combines residential comfort with hotel-style services.
The lobby area has been conceptualised as a living room-style communal space, offering seating areas designed for informal meetings, relaxation or social gatherings.
Guest facilities will include:
- Fitness Park
- Garden barbecue area
- Swimming pool
- Launderette
- 24-hour concierge services
These amenities aim to support both short stays and extended visits, reflecting the evolving expectations of business travellers and digital professionals.
Technology and Sustainability Features
The property will incorporate technology aimed at improving the guest experience.
Members of Ascott Star Rewards (ASR) will be able to manage pre-arrival and in-stay requests through the ASR mobile app, allowing guests to customise aspects of their stay.
Technology features include:
- Wi-Fi 6 connectivity across shared and workspaces
- Digital guest service access through the ASR App
- Smart in-room automation to reduce energy consumption
Sustainability initiatives will also be integrated throughout the property.
These include:
- Carbon and water footprint transparency per room night
- Loyalty rewards for opting out of daily housekeeping
- Refillable toiletries and reusable water carafes
- In-room water filtration systems replacing disposable bottles
Rooms will also feature sensor-based automation that switches off lights and appliances after periods of inactivity.
Accommodation Designed for Business and Leisure
The property offers a mix of accommodation types designed to support both productivity and relaxation.
Room categories include:
- Deluxe Rooms
- Premier Rooms
- Junior Suites
- Premier Suites
- Executive Suites
The largest suites measure up to 60 square metres, featuring dedicated workstations, lounge areas and floor-to-ceiling city views.
Interior design draws inspiration from Singapore’s urban greenery, with botanical-themed headboard artwork referencing the concept of a tropical conservatory.
Extended stays in serviced residences typically require durable luggage for international travel.
Refined Guest Spaces: Oak Reserve and The Oak Room
Club category rooms will offer access to Oak Reserve, a private residents’ lounge within the property.
The lounge is designed as a quiet retreat for guests, offering curated refreshments in an intimate setting suitable for informal meetings or relaxation.
Complementing the space is The Oak Room, which will provide:
- Freshly brewed coffee and tea
- A selection of beers and wines
- Informal seating for social or business gatherings
Why It Matters
The launch of Oakwood Premier Raffles Place Singapore reflects several trends shaping the Asia-Pacific hospitality sector:
- Growing demand for hybrid accommodation combining hotel services with residential comfort
- Continued expansion of serviced residences in major financial hubs
- Increased integration of sustainability initiatives and smart technology in urban hotels
Singapore remains a strategic market for international hospitality groups due to its role as a regional financial centre and travel hub.
Ascott’s continued expansion in the city also reinforces the group’s positioning in the premium serviced residence segment.
Visitors arriving for business meetings in the CBD often activate international eSIM plans for Singapore to stay connected immediately after landing.
At a Glance
Company / Brand
The Ascott Limited – Oakwood Premier
Property
Oakwood Premier Raffles Place Singapore
Location
CapitaSpring, 88 Market Street, Singapore
Key Announcement
Opening of a new 299-room Oakwood Premier property
Opening Date
1 April 2026
Strategic Purpose
Expand Oakwood’s footprint in Singapore and meet demand for premium serviced accommodation
