Ascott has been awarded a contract to manage a
100-unit serviced residence in Ho Chi Minh City, Vietnam.
The new Somerset Vista Ho Chi Minh City is
slated to open in December this year.
It is part of The Vista, a premier
residential development by CapitaLand, Thien Duc Trading
Construction Co., Ltd and Phu Gia Investment Joint Stock Company.
Ascott will also manage Vista Residences,
a 168-unit property within The Vista that will be available for
lease this November.
With the additions, Ascott further
consolidates its position as one of the largest international serviced
residence owner-operators in Vietnam with over 1,600 apartment
units in 11 properties across four cities – Ho Chi Minh,
Hanoi, Hai Phong and Danang.
Mr Alfred Ong, Ascott’s Managing Director for
Southeast Asia and Australia, said, “Ascott established its
presence in Ho Chi Minh City more than 15 years ago and we have
always enjoyed strong occupancies for our two serviced residences
in the city’s central urban district of District One. With the
government’s plans to transform Ho Chi Minh City’s District Two into Vietnam’s new commercial and financial centre, we see strong
growth potential to expand into the area. Somerset Vista Ho Chi
Minh City and Vista Residences, with their strategic location in
District Two, proximity to facilities such as international
schools, elegant design and quality product finishes, will appeal
to expatriates and families with children looking for quality
Somerset Vista Ho Chi Minh City and Vista Residences
Sited within the prime residential precinct of An Phu Ward,
Somerset Vista Ho Chi Minh City and Vista Residences are close to
the current central business district and conveniently accessible
via the Hanoi Highway and the East-West Highway.
are near the Metro Hypermarket, An Phu Supermarket and prestigious
educational establishments such as the British International
School Ho Chi Minh City, Australian International Saigon School
and International School of Ho Chi Minh City. In addition, they
are connected to the medical clinic, retail outlets and office
facilities within The Vista.
Somerset Vista Ho Chi Minh City
and Vista Residences will both offer apartments ranging from two
to four-bedroom units.
Each apartment at Somerset Vista Ho Chi
Minh City will also come fully furnished with a well-equipped
kitchen, separate work and living areas, home entertainment system
as well as other modern amenities.
Residents of both properties
can enjoy an extensive array of facilities such as a 50-metre lap
pool that overlooks beautifully landscaped gardens, a children’s
pool and playground, a gymnasium with state-of-the-art fitness
equipment, a clubhouse with steam and sauna, jacuzzi, tennis court
and golf putting green.
“Somerset Vista Ho Chi Minh City and
Vista Residences further affirm Ascott’s commitment to grow our business in Vietnam. We will be opening more properties in Vietnam
in the next few years. These include our first property in Hai
Phong – Somerset Central TD Hai Phong City which will open in
2013, and our first property in Danang – Somerset Danang Bay that
will open in 2014. We will continue to look for opportunities to
expand our presence in this key growth market and target to
increase our Vietnam presence to 2,200 apartment units by 2015,”
said Mr Ong.
See other recent news regarding:
Ho Chi Minh,