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Ascott provides his first Serviced Residence in Iskandar Malaysia
(PRWEB) November 23, 2011
CapitaLandswholly owned business unit of residence, Ascott Limited (Ascott), has won a contract to manage its first serviced residence in Iskandar, Malaysia’s southern gateway. The new 204-unit Somerset Puteri Harbour, Iskandar is scheduled to open in the flagship Nusajaya economic zone in 2013. Contract awarded to Nusajaya Consolidated Sdn Bhd, a joint venture established between Malaysia’s development of the United Malay Land Bhd and UEM Land Berhad.
Mr. Lim Ming Yan, Ascotts chief executive officer, said Malaysia has great potential for growth due to Ascott sustainable economy and attractiveness as a destination for foreign direct investment. The government has invested heavily in the development of Iskandar region to stimulate economic growth Malaysias. In addition to attracting investments over RM70 billion of foreign and domestic companies, major tourism projects in Iskandar also bring tremendous opportunities for serviced apartments. In the first international provider of accommodation services Nusajaya, Ascott could push the growing demand for quality housing from foreigners and tourists.
Mr. AlfredOng, Ascotts Managing Director for South-East Asia and Australia, said: Ascott Kiberzhayya and expanded in Petaling Jaya earlier this year and we are pleased to add another city of our Malaysian network. Our entry into Iskandar further strengthens its leading position as the largest international Ascotts serviced residence owner and operator in Malaysia. We are currently working with the five properties of about 700 apartment buildings. With this new property in Iskandar, now we have a strong pipeline growth of more than 900 units, which is scheduled to open in Malaysia over the next five years. Overall, this brings our Malaysian portfolio of more than 1,600 units. We will continue to seek opportunities to expand our presence in Malaysia.
Puteri Harbour, SomersetIskandar is strategically located in Nusajaya, house events such as EduCity in which there are several international campuses, Medina, which includes business districts, the Southern Industrial and Logistics Clusters and Afiat Healthpark. Serviced residence is within walking distance from Kota Iskandar, Johor State New Administrative Centre. It is located 20 minutes from Singapore, Malaysia, the second link and a 25-minute drive from the Johor Senai International Airport. It is also easily accessible via the soon to be open coastal highway that connects to the main Nusajaya Johor town center and the Johor-Singapore Causeway. Travelers can enjoy excellent connections in other parts of the region Iskandar water transport through the terminal, bus and light rail transit station, located in the vicinity of propertys.
As part ofluxury waterfront development Puteri Harbour, Somerset Puteri Harbour, Iskandar is located near the waterfront life shops, gourmet restaurants, outdoor cafes? and a indoor theme park featuring popular children’s characters such as Hello Kitty, Thomas and his friends, Barney and Bob the Builder. In addition, he is only 10 minutes away from the first Legoland theme park in Asia, which is scheduled to open in 2012.
Puteri Harbour, SomersetIskandar offers spacious apartments ranging from studios to three bedroom units that come fully equipped with all modern conveniences. With amenities such as gymnasium, swimming pool, restaurant and residents lounge available in the property, Puteri Harbour, Somerset Iskandar provides an ideal home away from home for travelers and their families to live, work and play.
In additionSomerset Puteri Harbour, Iskandar, Ascott will open Citadines Hills Kuching in 2012, Ascott Sentral Kuala Lumpur, in 2013, Citadines D’Pulze Kiberzhayya in 2014 and Somerset Damansara Uptown Petaling Jaya in 2016. Ascott currently operates Ascott Kuala Lumpur, Somerset Ampang Kuala Lumpur, Somerset Seri Bukit Ceylon Kuala Lumpur and two properties for rent in corporate Malaysia.
management contract for the Puteri Harbour Somerset Iskandar is not expected to have a material impact on net tangible assets or earnings per share, CapitaLand Group for the fiscal year ended December 31, 2011.
About Ascott Limited
Ascott Limited is the world’s largest international serviced residence owner-operator with more than 22,000 operating serviced residence units in key cities in the Asia-Pacific region, Europe and Gulf countries, as well as over 6,000 units which are under development, more than 28,000 units.
company operates three brands Ascott, Citadines and Somerset. The portfolio includes more than 70 cities in over 20 countries, 14 of which are new cities in the portfolio Ascotts where it serves the apartments are under construction.
Ascott, which is a wholly owned subsidiary of CapitaLand Limited, headquartered in Singapore. She became the first Asian Pacifics first international-class accommodation services in 1984. In 2006 he created the world’s first pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today the company has 27 years of experience in industry and award-winning serviced residence brands enjoy recognition worldwide.
Recent awards includeDestinAsian Readers Choice Awards 2011 Best Serviced Residence in Asia Pacific, Business Traveller Asia Pacific Awards 2011 Best serviced residence brands and the best Serviced Residence in Asia Pacific, Business Traveller Awards 2011 Best in the UK are served by by flat, TTG China Travel Awards 2011 Best serviced residence operator in China, TTG Travel Awards 2011 best served by the operator of Residence.
About CapitaLand Group
CapitaLand is one of Asias largest real estate companies. Headquartered and listed in Singapore, several local companies 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 development comprises more than 110 cities in 20 countries. CapitaLand also uses its significant asset base, real estate domain, financial skills and extensive network of real estate developing 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 per capita trust and confidence in Quill.
of United Malayan Land Bhd
listed on the main board of Bursa Malaysia, Umland is a recognized real estate developer in Malaysia. Its major shareholders include CapitaLand Limited, Tradewinds Corporation Berhad and Tat Holdings (S) Pte Ltd operates two Umland development units, namely, the settlement and niche divisions.
Departmentvillage consists of three integrated township development located in areas with high growth in Malaysia. Villages of Bandar Seri Alam and Taman Seri Austin is strategically located in Iskandar Malaysia, Johor, while Bandar Seri Putra in Selangor. Niche department today completed the 3 luxury apartments and condominiums Seri Bukit Ceylon in Bukit Ceylon Jalal, Suasana Sentral Loft in KL Sentral and Suasana Bangsar in a suburb of Bangsar. The Division is currently developing a 310-unit residential serviced apartments, located in Bukit Ceylon in KL city center known as Suasana Bukit Ceylon and on the way to the launch of three new niche projects in the vicinity of KLCC, Johor Bar CBD and Nusajaya, Iskandar Malaysia.
About UEM Land Berhad
UEM Land Berhad is a subsidiary of UEM Berhad allotments. UEM Land Holdings is the flagship company of the real property inve
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Uniquely Singapore logo
some good Singapore Tourism Board, I found a picture:
Uniquely Singapore logo
manufacturer
images, chinnian
Uniquely Singapore logo
manufacturer
images, chinnian
“Unknown”? Hello?
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