Ascott has been awarded a contract to manage its
second serviced residence in Iskandar Malaysia.
Somerset Medini Iskandar will be Singapore-based Ascott’s largest
property in Malaysia when it opens in end 2015.
Iskandar is part of an ‘Urban Wellness’ integrated development by Pulau Indah Ventures, a joint venture between Khazanah Nasional
Berhad and Temasek Holdings (Private) Limited.
Mr Chong Kee Hiong, Ascott’s Chief Executive
Officer, said, “We see immense potential for serviced residences
in Iskandar. The economic corridor has attracted investments of
over RM106 billion. Ascott will gain significant advantage by having a serviced residence in Medini, one of the fastest-growing
areas within Iskandar. It is surrounded by exciting developments
that will spur the growth of the Malaysian economy. This will
bring a strong influx of expatriates as well as foreign and
domestic travellers, creating demand for our serviced residence.”
Somerset Medini Iskandar is
located in Medini, the central business district of the Nusajaya
flagship economic zone in Iskandar. Nearby Medini are developments
such as Kota Iskandar – the Johor State’s new administrative
centre, EduCity – a regional education hub housing over 10
established educational institutions, and Puteri Harbour – an
integrated waterfront and marina development. Pinewood Iskandar
Malaysia Studios, the largest independent integrated studio
facility in Southeast Asia, is also in the serviced residence’s
Somerset Medini Iskandar is a 15-minute
drive from the Malaysia-Singapore Second Link and 25 minutes
away from Johor's Senai International Airport. It is easily
accessible via the coastal highway that links Nusajaya to Johor’s
As part of the ‘Urban Wellness’ development, the
33-storey Somerset Medini Iskandar will be connected to a four-storey
wellness centre, a five-storey corporate training centre with
meetings and conventions facilities, as well as retail outlets.
The serviced residence is situated next to the Gleneagles Medini
Hospital that will have a 300-bed private healthcare complex and a
150-suite medical office block. It is also close to Asia's first
LegoLand theme park and Medini Lifestyle Mall, the largest retail centre in South Malaysia.
Somerset Medini Iskandar will offer
a choice of studios, one, two and
three-bedroom apartments that come fully furnished with modern
amenities. Residents can expect a variety of facilities such as a
gymnasium, swimming pool, restaurant and children’s playroom.
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