Ascott has secured contracts to manage three
more properties in China, including its first serviced residence
The 250-unit Somerset Swan Lake Hefei is slated
to open in 2017 while the 150-unit Ascott Nanbin Chongqing and
167-unit Somerset Software Park Xiamen are both scheduled to open
Somerset Swan Lake Hefei
Somerset Swan Lake
Hefei is located in the New Municipal and Cultural
District which is between two major Economic Development Zones in
Hefei – Hefei Economic Development Zone and Hefei Hi-tech
Industrial Park where many multinational companies are based.
serviced residence is part of Park Lane Plaza, a mixed development
that also comprises a premier hotel, offices and high-end retail
The property offers a view of Swan Lake, a key attraction
in Hefei, and is very close to the Hefei Grand Theatre, Hefei
Olympic Sports Center, Hefei Wildlife Park and Shushan Park.
Somerset Swan Lake Hefei is also surrounded by shopping centres
like the MIXC mall of China Resource, Wanda Plaza, Sunny World
Center and In-Time City, as well as banks, supermarkets,
restaurants, universities and hospitals.
The Hefei West Railway
Station, Hefei high-speed railway station, and Hefei Airport
are within a 10, 15, and 45-minute drive away respectively.
Residents will be able to choose from a range of studio to
three-bedroom apartments and penthouses.
Ascott Nanbin Chongqing has a central location at
Nanbin Road in Nan An District and offers a view of
the Yangtze River.
Residents will be able to enjoy access to
leisure amenities such as the Nanbin Yanyu Park, Nanshan Arboretum, and Chongqing Amusement Park, as well as shopping
malls including Wanda Square, Parkson, ShangHai Town and Macalline.
The serviced residence is close to several
grade A offices and is just 15-minutes’ drive away from the Yuzhong Central Business District.
Ascott Nanbin Chongqing will
provide a range of studios, one and two-bedroom
Somerset Software Park Xiamen
Software Park Xiamen has a prime location in Si Ming District,
which is the economic, cultural and political centre of Xiamen.
The serviced residence is part of the Xiamen Software Park, one
of the largest software parks in China, which houses offices as
well as research and development centres of many leading high-tech
companies such as Microsoft, Cisco and Huawei.
The property is also near
the Xiamen Airport, Xiamen Exhibition Centre, Dream World
Carnie water theme park, a yacht club, shopping centres and
supermarkets including S&M, Wanda Plaza and Tesco.
will be able to choose from studios to three-bedroom apartments
and enjoy convenient access to various parts of Xiamen via
extensive bus lines.
Mr Lee Chee Koon,
Ascott’s Chief Executive Officer, said, “China is our key market
and we are growing rapidly through management contracts,
investments and strategic alliances. We are on track to achieve
our target of 12,000 apartment units in China by 2015. Hefei, the
capital and economic centre of Anhui Province, is one of the
world’s fastest growing metropolitan economies. Its economy and
foreign direct investment grew respectively by an average of 16%
and 11% annually in the last five years. Ascott is the first
international serviced residence operator in Hefei. Ascott has so
far entered six cities in 2013 – Hefei, Nanjing and Wuxi in China,
Gurgaon in India, and Riyadh and Jeddah in Saudi Arabia. Our
global portfolio has expanded to over 32,000 apartment units in 81
All apartments in the three serviced
residences will come with a fully-equipped kitchen and separate
work and sleeping areas.
The comprehensive facilities in the
properties include a gymnasium, business centre, meeting room,
breakfast and residence lounges, swimming pool and children’s
play area. In addition, Somerset Swan Lake Hefei will provide a
spa as well.
The three new properties will further strengthen
Ascott’s position in China, where it now has more than 9,000 apartment
units in 51 properties across 20 cities.
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