Ascott to Take Over Management of 50-Unit Serviced Residence in Singapore

Ascott is to take over a prime property in one-north business park, Singapore’s research & development hub which houses more than 400 companies.

The 50-unit serviced residence is currently operating as Fraser Place Fusionopolis and will be rebranded to Citadines Fusionopolis Singapore from 1 April 2016.

Mr Anthony Khoo, Ascott’s Head of Singapore Cluster, said, “Demand for our serviced residences remains strong in our home ground Singapore, driven largely by the inflow of foreign investment and various government initiatives to reinvent Singapore as an exciting business and leisure destination. The country is amongst our best performing markets after China, France and the United Kingdom. Ascott properties in Singapore have been achieving strong occupancy of above 80% and this property at Fusionopolis in one-north business park will give us an added advantage.”

Citadines Fusionopolis Singapore is part of the 30-hectare Fusionopolis precinct in the one-north development, well served by F&B outlets and retail amenities, including a supermarket, medical centre, pharmacies and post office.

With the one-north Mass Rapid Transit Station just a stone’s throw away, it only takes a 30-minute ride to reach the Central Business District and a five-minute ride to visit CapitaLand’s Star Vista shopping mall, a naturally cooled mall with a wide variety of shopping and dining options as well as a performing arts centre.

Citadines Fusionopolis Singapore is easily accessible to attractions such as Science Centre, Haw Par Villa theme park, Chinese Garden as well as a popular dining spot, Holland Village. It is also close to the National University of Singapore, National University Hospital and Singapore Polytechnic.

The serviced residence offers a range of one-bedroom loft units, featuring high ceilings, separate living and dining area, kitchen and bedroom.

Guests can choose from a selection of services to customise their stay, and enjoy relaxing at the sky terrace, residents’ and breakfast lounge with alfresco seating area as well as complimentary use of the gymnasium.

“With its choice location within the Fusionopolis, and its spacious loft apartments that appeal to expatriates on long stay, we are confident that Citadines Fusionopolis Singapore will further strengthen Ascott’s business in Singapore. It is an exciting period for Ascott as we will open the luxurious Ascott Orchard in Singapore’s premier shopping and lifestyle district soon after Citadines Fusionopolis Singapore. Ascott’s operating portfolio in Singapore will exceed 1,000 apartment units by then, making us one of the largest serviced residence companies in Singapore,” added Mr Khoo.

With the addition of Citadines Fusionopolis in Singapore, Ascott will have over 800 units across eight properties operating in prime locations. These include Ascott Raffles Place, Citadines Mount Sophia, Somerset Bencoolen, Somerset Liang Court and Somerset Orchard. When Ascott Orchard Singapore opens in early 2017, Ascott will operate more than 1,000 units across nine properties.

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