Ascott has opened its latest property in China,
the Somerset Riverview, Chengdu. The serviced residence was
acquired through the Ascott China Fund and became operational this
The 200-unit Somerset Riverview, Chengdu offers
apartments ranging from studios to duplexes, catering to the
different lifestyle needs of both short and long-stay customers.
All apartments provide a fully-equipped kitchen, ensuite bathroom and separate living and work areas.
Somerset Riverview, Chengdu is located within
the downtown central business district along South Renmin Road. It
sits next to the main artery connecting the downtown central
business district to another major commercial area in the city’s
south which is a well-known venue for conventions and exhibitions.
The property is also a 15-minute walk to the landmark Tianfu
Square which is home to major shopping malls and a transportation
hub that provides convenient access to various destinations in the
Furthermore, the property is next
to a premier grade A office building – Central Point Phase 2.
Scheduled for completion by the fourth quarter of 2010, the office
building is primed to attract major international companies as
tenants. This will enable Ascott to tap on the demand from
expatriates and business travellers for international-class
accommodation at the serviced residence.
Mr Lim Ming Yan, Chief Executive Officer of The
Ascott Limited, said, “Ascott’s expansion into Chengdu
demonstrates the importance of China as a key growth market for
us. It will enable us to establish a strong foothold in western
China and further strengthen Ascott’s leadership position as the
largest international serviced residence owner-operator in the
country. As the provincial capital of Sichuan, Chengdu is one of
the most important economic centres as well as transportation and
communications hubs in western China. As part of its Western
Development programme, the Chinese government has also made
concerted efforts to attract foreign investors, business
travellers and intraregional travellers to Chengdu. This will
generate significant demand for our serviced residence.”
In China Ascott now has over 5,000 apartment
units in 27 properties across 13 cities – Beijing, Chengdu,
Chongqing, Dalian, Guangzhou, Hong Kong, Shanghai, Shenyang,
Shenzhen, Suzhou, Tianjin, Wuhan and Xi’an.
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