Tracker › Property types › Serviced apartments
Serviced apartments and aparthotels in Southeast Asia
Serviced apartments are furnished apartments with hotel-style services (cleaning, front desk) let by the night, week or month. Aparthotels mix hotel rooms with apartment features such as kitchens. Both are run by operators. This section tracks sourced openings and signings.
The tracker holds 16 serviced apartment records in 6 markets: Singapore (1), Malaysia (3), Indonesia (4), Thailand (2), Vietnam (3), Philippines (3).
Market pages: Serviced apartments in Malaysia (3) · Serviced apartments in Indonesia (4) · Serviced apartments in Thailand (2) · Serviced apartments in Vietnam (3) · Serviced apartments in the Philippines (3)
Key figures
- The Ascott Limited signed 7,300+ units in Southeast Asia in 2025, up 55% from 4,700. It has 200+ operating properties and about 150 in its pipeline, with 25+ openings expected in the next 12 months. About 30% of signings were conversions. [source, 20 Apr 2026]
- Frasers Hospitality plans 18 serviced and hotel residence openings across Asia by 2028. [source, 2 Apr 2026]
- Ho Chi Minh City, Q1 2026: about 7,300 serviced-apartment units in 144 active projects, 84% occupancy, average rent VND 600,000/m²/month (Savills). [source, 2026]
- Hanoi, Q1 2026: 66 serviced-apartment projects with 6,500+ units; occupancy above 80% (Savills). [source, 2026]
- Jakarta: no new serviced-apartment supply in Q1 2026; about 435 units expected by Q3 2026 (Colliers, via Real Estate Asia). [source, 2026]
Main operators
- The Ascott Limited (CapitaLand Investment): brands include Ascott, Somerset, Citadines, Oakwood and lyf. [source, 21 Oct 2026]
- Frasers Hospitality (Frasers Property): Fraser Suites, Fraser Residence and Capri by Fraser. [source, 2 Apr 2026]
- ONYX Hospitality Group: Shama serviced apartments. [source, 19 Nov 2025]
All serviced apartment records
Singapore (1)
| Name | Country | City | Beds/rooms | Owner/operator | Latest deal / opening | Checked |
|---|---|---|---|---|---|---|
| Somerset Clarke Quay Singapore | Singapore | Singapore (CanningHill Piers) | 192 units | The Ascott Limited (CapitaLand Investment) | Listed in Ascott's 20 Apr 2026 release among 25+ openings expected in the following 12 months [cite] | 2026-10-21 |
Malaysia (3)
Serviced apartments in Malaysia →
| Name | Country | City | Beds/rooms | Owner/operator | Latest deal / opening | Checked |
|---|---|---|---|---|---|---|
| Fraser Residence Putrajaya | Malaysia | Putrajaya | 283 serviced apartments | Frasers Hospitality (Frasers Property) | Soft opened 18 Aug 2026 [cite] | 2026-10-21 |
| Capri by Fraser, Penang | Malaysia | George Town, Penang | 248 rooms | Frasers Hospitality (Frasers Property) | Soft opened 22 May 2026 (aparthotel brand) [cite] | 2026-10-21 |
| Oakwood Cameron Highlands | Malaysia | Cameron Highlands | — | The Ascott Limited (CapitaLand Investment) | Launched in early 2026, per Ascott's release of 20 Apr 2026 [cite] | 2026-10-21 |
Indonesia (4)
Serviced apartments in Indonesia →
| Name | Country | City | Beds/rooms | Owner/operator | Latest deal / opening | Checked |
|---|---|---|---|---|---|---|
| Oakwood Slipi Jakarta | Indonesia | Jakarta | 155 units | The Ascott Limited (CapitaLand Investment) | Opened Oct 2026 (Ascott Indonesia announcement, 16 Oct 2026); property page taking bookings [cite] | 2026-10-21 |
| Citadines Antasari Jakarta | Indonesia | Jakarta | 175 units | The Ascott Limited (CapitaLand Investment) | Opened early 2026 (InClover, 6 Feb 2026) [cite] | 2026-10-21 |
| Citadines Mitra Bandung | Indonesia | Bandung | — | The Ascott Limited (CapitaLand Investment) | Conversion signed in 2025; Ascott's release of 20 Apr 2026 says it is expected to open within about a year of signing [cite] | 2026-10-21 |
| Oakwood Pandanaran Semarang | Indonesia | Semarang | — | The Ascott Limited (CapitaLand Investment) | Conversion signed in 2025; Ascott's release of 20 Apr 2026 says it is expected to open within about a year of signing [cite] | 2026-10-21 |
Thailand (2)
Serviced apartments in Thailand →
| Name | Country | City | Beds/rooms | Owner/operator | Latest deal / opening | Checked |
|---|---|---|---|---|---|---|
| Shama Sukhumvit 101 Bangkok | Thailand | Bangkok | 86 units | ONYX Hospitality Group (owner: SENA Development) | Conversion of SENA's Piti Sukhumvit 101; slated to open Jan 2026 (announced 19 Nov 2025) [cite] | 2026-10-21 |
| Fraser Suites Reserve Bangkok | Thailand | Bangkok (One Bangkok) | 255 rooms | Frasers Hospitality (Frasers Property) | Phased opening from Dec 2026; grand opening planned for Mar 2027 (announced 22 Sep 2026) [cite] | 2026-10-21 |
Vietnam (3)
Serviced apartments in Vietnam →
| Name | Country | City | Beds/rooms | Owner/operator | Latest deal / opening | Checked |
|---|---|---|---|---|---|---|
| Fraser Residence Hinode City Hanoi | Vietnam | Hanoi | 401 residences | Frasers Hospitality (Frasers Property) | Due to open by end-2026 (Frasers Hospitality, 2 Apr 2026) [cite] | 2026-10-21 |
| Ascott Tay Ho Hanoi | Vietnam | Hanoi | 1,165 hotel rooms and serviced apartments at full opening | The Ascott Limited (CapitaLand Investment) | Full opening expected 2027 (Ascott release, 20 Apr 2026) [cite] | 2026-10-21 |
| Capri by Fraser Ho Chi Minh City | Vietnam | Ho Chi Minh City (District 7) | 146 units | Frasers Hospitality (Frasers Property); partner Hien Duc Group | Agreement with Hien Duc Group announced 25 Aug 2026; no opening date stated [cite] | 2026-10-21 |
Philippines (3)
Serviced apartments in the Philippines →
| Name | Country | City | Beds/rooms | Owner/operator | Latest deal / opening | Checked |
|---|---|---|---|---|---|---|
| Ascott Ortigas Manila | Philippines | Manila (Ortigas) | 229 units | The Ascott Limited (CapitaLand Investment) | Conversion of Joy-Nostalg Hotel & Suites (closed Jan 2026); expected to open in 2026 [cite] | 2026-10-21 |
| Somerset Valero Makati | Philippines | Makati | — | The Ascott Limited (CapitaLand Investment) | Launched in early 2026, per Ascott's release of 20 Apr 2026 [cite] | 2026-10-21 |
| Ascott DD Meridian Park Manila | Philippines | Manila (Bay area) | 300+ serviced apartment units | The Ascott Limited (CapitaLand Investment) | Planned opening 2026 (Ascott upcoming-properties page) [cite] | 2026-10-21 |
Related local rental types: Vietnamese chung cư mini · Japanese share houses and monthly mansions
Rules: Rules tracker · Other property types: Co-living · Student housing (PBSA) · Worker dormitories
Every record links to its public source; last checked 2026-10-21.