Ascott opens first properties in Cyberjaya, Sri Racha and Hai Phong

CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), opened its first serviced residences in Cyberjaya, Malaysia; Sri Racha, Thailand; and Hai Phong, Vietnam. Citadines DPulze Cyberjaya, Citadines Grand Central Sri Racha and Somerset Central TD Hai Phong City are the first international branded serviced residences in the respective cities.

Ascott’s first foray into Malaysia’s Multimedia Super Corridor, the 203-unit Citadines DPulze Cyberjaya is its fifth property to open in Malaysia. The 136-unit Citadines Grand Central Sri Racha is Ascott’s 10th property in Thailand. Meanwhile, the 132-unit Somerset Central TD Hai Phong City is its ninth property to operate in Vietnam.

Located in Malaysia’s Multimedia Super Corridor, Citadines DPulze Cyberjaya is near the Kuala Lumpur International Airport and connected to the city centers of Kuala Lumpur and Putrajaya, as well as the Sepang International Circuit for motorsports via major expressways. Citadines DPulze Cyberjaya offers a choice of studio, one- and two-bedroom apartments. Facilities include a swimming pool, fitness corner, residents’ lounge and meeting rooms.

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Situated in the heart of Sri Racha, Thailand’s Eastern Seaboard region, Citadines Grand Central Sri Racha is a serviced residence close to retail outlets such as Robinson, Pacific Park and Harbor Mall, restaurants, international schools, medical facilities, the Laem Chabang Port and industrial estates. Citadines Grand Central Sri Racha offers contemporary studios, one- and two-bedroom apartments. Each unit comes with a kitchen and separate work and living areas. There is a sauna, fitness corner, business corner and rooftop pool at the property.

Meanwhile, Somerset Central TD Hai Phong City is situated in the new Central Business District in Hai Phong, the third largest city in Vietnam. Located near Cat Bi International Airport, the serviced residence has apartments that range from studios to one- to three-bedroom units. Each apartment is complete with a kitchen and home entertainment system. It also has a swimming pool, a common living area with an iMac and library, a residents’ lounge and a children’s playroom.

The Ascott Limited is a Singapore company with over 26,000 operating serviced residence units in cities of Asia Pacific, Europe and the Gulf region, as well as over 12,000 units which are under development, making a total of more than 38,000 units in over 200 properties. The company operates three brands – Ascott, Citadines and Somerset. Its portfolio spans 89 cities across 24 countries, 20 of which are new cities in Ascott’s portfolio where its serviced residences are being developed.

Ascott, a subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. The company aims to have 40,000 apartment units worldwide by end this year and aim to have 80,000 units by 2020. Ascott is the largest international serviced residence owner/operator in Malaysia, Thailand and Vietnam. Today, it has properties in Cyberjaya, Sri Racha and Hai Phong. Globally, it has another over 50 properties to be opened, of which more than 20 are slated to open this year in China, India, Indonesia, Korea, Malaysia, Philippines, Vietnam, Oman and Saudi Arabia.


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