Archive for January 2nd, 2012

• Ascott expands in China with the help of new villas are serviced in Foshan and Hong Kong

  Date: 2012.01.02 | Category: Singapore Attractions | Response: 0

  (PRWEB) December 20, 2011

  CapitaLands

  wholly-owned serviced residence business unit, Ascott Limited (Ascott), has clinched contracts to manage two properties in Foshan and Hong Kong. Recent additions to further strengthen the leading position Ascotts as the largest international serviced residence owner-operator in China with more than 7,000 apartment units in 40 properties in 17 cities. 186-unit Ascott Premier M-City, Foshan, which is the first Ascotts residence in Foshan City, is scheduled to open in 2016. 71-unit Somerset Victoria Park in Hong Kong will Ascotts second residence in Hong Kong when it opens in 2013. Ascott currently owns and operates the Citadines Hongkong Ashley, which is located in the lively Tim Sha Tsui area.

  Mr Lim Ming Yan, Ascotts Chief Executive Officer, said China is one of the fastest growing markets Ascotts. We went to Macau earlier this year and the addition of Foshan will enable us to further increase our scale in the Pearl River Delta region. Thanks to the established infrastructure and easy access to Guangzhou, Hong Kong and Macau, Foshan attracted investment from many multinational companies such as Toshiba, Volkswagen and INVISTA. Foshan is expected to become the largest manufacturing center in Guangdong Province. With Ascotts first residence in Foshan and the second property in the metropolis of Hong Kong, we are ready to meet the high demand for quality housing with the increasing number of expatriates and travelers in the region.

  Lee Kun Lee, Ascotts managing director for North Asia, said: Since our last properties in Foshan and Hong Kong, Ascott has provided more than 870 apartment buildings in the six range of services in China this year. We have also opened new properties in Shenzhen and Xi’an and are happy to open our exclusive Ascott Guangzhou IFC next year. Ascott is on track to nearly double China portfolio to 12,000 apartments by 2015.

  Ascott M Foshan City

  Ascott M Foshan City enjoys a prime location in Foshans newly developed central business district – Dongping New City. The residence is part of the Dongping New City Transportation Center, which is an important milestone in the development of class includes offices and a shopping center. Some government agencies, commercial developments and recreational facilities, such as Century Center of Lotus sports and Foshan Park is within walking distance of the residence. Train and subway station is right next to Ascott M Foshan City, provide convenient access to Guangzhou and various destinations in Foshan.

  When completed, the Prime Minister Ascott M Foshan City offer spacious and elegantly furnished apartments ranging from studios to three-bedroom units. Residents can enjoy great amenities including pool, gym, yoga room, reading room, business center, conference room and a breakfast room.

  Somerset Victoria Park in Hong Kong

  Ideal for business and leisure travelers, Somerset Victoria Park Hong Kong is conveniently located close to Victoria Park and Causeway Bay, which is one of Hong Kongs bustling commercial, shopping and entertainment districts. The residence is surrounded by office buildings, including Tower of AIA, Citicorp Center and Manulife Tower. It is close to Hong Kong Convention and Exhibition Centre and Tin Hau Mass Transit Railway Station.

  Somerset Victoria Park Hong Kong offers a wide selection of stylish studio, one-and two-bedroom apartments. Residents can use the school residence and enjoy a wide range of recreational facilities, as well as restaurants and entertainment venues in the nearby Causeway Bay sports grounds and shopping malls, including Times Square, Windsor House and Sogo.

  About Ascott Limited

  Ascott Limited is the world’s largest international serviced residence owner-operator of about 22,000 operating serviced residence units in key cities in the Asia-Pacific, Europe and the Gulf region, as well as over 7,000 units which are under development, all with more than 28 000 units.

  company operates three brands Ascott, Citadines and Somerset. The portfolio includes more than 70 cities in over 20 countries, 15 of which are new cities in the portfolio where its serviced Ascotts apartments are under development.

  Ascott, a wholly-owned subsidiary of CapitaLand Limited, headquartered in Singapore. She became the first Asian Pacifics first international-class residence in 1984. In 2006 he created the world’s first pan-Asian residence real estate investment trust, Ascott Residence Trust. Today, the company has a 27-year industry track record and award brands serviced residence that was recognized throughout the world.

  Recent awards include the 2011 Readers’ Choice DestinAsian Awards Best Serviced Residence in Asia Pacific, Business Traveller Asia Pacific Awards 2011 best served by Mark’s Residence and Best Serviced Residence in Asia Pacific, Business Traveller UK Awards 2011 best served by by flat, TTG Travel Awards 2011 Best serviced residence operator and the TTG Travel Awards 2011 China Top operator serviced residence in China.

  
  About CapitaLand Group

  CapitaLand is one of Asias largest real estate companies. The company’s headquarters are in Singapore and a few local firms in the core business in real estate, hospitality and real estate financial services are focused in growth cities in Asia-Pacific and Europe.

  firms and hospitality real estate portfolio, which includes homes, offices, shopping centers, hotels, residences and mixed developments, covering more than 110 cities in over 20 countries worldwide. CapitaLand also uses its significant asset base, real estate domain knowledge, financial skills and extensive network of real estate development market, the possibility of financial products and services in Singapore and the region.

  subjects listed CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill soul Trust.

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