Ascott has opened its third property in Shenzhen.
Nanshan District, the city’s technology and industrial hub,
Ascott Raffles City Shenzhen is part of CapitaLand’s flagship
Raffles City integrated development – which also comprises a
70,000-sqm mall with more than 200 shops, and a 23-storey
office tower. It was designed by architecture firm, Benoy.
Ascott Raffles City
Shenzhen features 182 apartments ranging
from studios to three-bedroom apartments. Each comes with a
kitchen, audio-visual equipment and
Facilities include an indoor heated
swimming pool, breakfast lounge, meeting rooms, gymnasium, aerobics room, reading
room, sauna room, steam room, children’s play area, and
The property is close to Shenzhen-Hong Kong Modern
Service Industry Cooperation Zone and Houhai Financial
Headquarters, while Shekou Cruise Centre and Shenzhen Bay Port are
a 10-minute drive away.
With its easy access to transportation
nodes including subway stations, guests can visit nearby
downtown attractions such as Citizen Centre and Shenzhen Concert
Hall, and theme parks including Happy Valley Shenzhen and Shenzhen
Window of the World.
Mr Tan Tze Shang, Ascott’s Managing Director for China,
said, “Known as the new Silicon Valley, Shenzhen is one of the
world’s top innovation hubs and home to high-tech companies
from all over the world, including new-tech giants such as Huawei,
ZTE and Tencent. With the addition of Ascott Raffles City
Shenzhen, Ascott now has more than 900 units across five
serviced residences in one of China’s most competitive cities with
high demand for accommodation. Out of the five properties,
three are in operation while two more will open next year.
Given its strategic location connecting prominent financial
centres, proximity to transportation networks and being part of
an integrated development under the iconic Raffles City brand,
Ascott Raffles City Shenzhen offers business executives and
leisure travellers the convenience of a one-stop work, retail
and recreational destination.”
In China, three other properties
which are part of the Raffles City-branded integrated
developments include Ascott Raffles City Beijing and Ascott
Raffles City Chengdu, both of which are already operational, as
well as Ascott Raffles City Hangzhou which is slated to open in
“China is Ascott’s fastest-growing and
largest market, with more than 18,000 units in over 100
properties across 29 Chinese cities. Its increasing attractiveness
for foreign investment and growing domestic business travel
market has fuelled a strong demand for international-class
serviced residences. The Chinese market makes up Ascott’s top
customers at our properties globally with revenue surging by
35% year-on-year,” added Tan Tze Shang.
Besides Ascott Raffles City Shenzhen,
Ascott currently operates two other properties in the city, namely
Ascott Maillen Shenzhen and Somerset Grandview Shenzhen.
Somerset Q Plex Shenzhen and lyf Wu Tong Island Shenzhen are
slated to open in 2018.
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