Ascott has opened Vietnam’s largest serviced
residence, Citadines Blue Cove Danang, and its fifth property
in Ho Chi Minh, Citadines Regency Saigon.
Cove Danang, which is also Ascott’s first property in Danang and
its largest property globally, is located by the Han River in
the scenic Son Tra peninsula, while Citadines Regency Saigon
enjoys a prime location in District 3, a key business and
Ms Lew Yen Ping, Ascott’s Country General
Manager for Vietnam, said, “Vietnam is Ascott’s largest market
in Southeast Asia where demand for serviced residences remain
high. We currently have 21 properties offering close to 4,700
units across seven cities in the country. Both Citadines Blue
Cove Danang and Citadines Regency Saigon have prime locations in
key business and tourism districts of Danang and Ho Chi Minh
City, which enjoy a huge influx of corporate and leisure
travellers. Within the next three years, over 2,000 units across
nine properties are slated to open in Ho Chi Minh City, Hanoi,
Danang, Halong City and Binh Duong province. We look forward to
providing more accommodation choices in the fast expanding
Vietnam, and are committed to achieve our target of 7,000 units in
the country by 2020.”
Besides Citadines Regency Saigon,
Ascott also operates Somerset Chancellor Court Ho Chi Minh
City, Somerset Ho Chi Minh City, Somerset Vista Ho Chi Minh City,
and Diamond Island Luxury Residences in Ho Chi Minh City.
Ascott’s upcoming properties in Vietnam include Citadines Central
Binh Duong in Binh Duong province, Somerset Feliz Ho Chi Minh
City, Somerset D1Mension Ho Chi Minh City, and Diamond Island
Luxury Serviced Residences in Ho Chi Minh City, Somerset Danang
Bay in Danang, Somerset West Central Hanoi in Hanoi as well as
Citadines Marina Halong in Halong.
In 2017, Vietnam
attracted record foreign direct investment of about US$35.9
billion, an increase of 44.4% from 20164. According to the
United Nations World Tourism Organization, Vietnam’s tourism
growth was ranked seventh internationally, and it was the only country in Southeast Asia to be ranked amongst the top 105.
International tourist arrivals for Vietnam was 12.9 million
last year, an increase of 29.1% from 2016.
Citadines Blue Cove Danang
Sitting by the Han
River and Thuan Phuoc Bridge, the 548-unit Citadines Blue Cove
Danang is located within the landmark Son Tra peninsula and an
100-hectare urban development project by the government.
Providing convenient access to Hai Chau city centre, the property
is also a 15-minute drive from Danang International Airport.
part of an integrated development, the serviced residence is
directly connected to the main industrial areas such as Hoa Khanh
and Dien Nam - Dien Ngoc. The property is also surrounded by
attractions including the Marble Mountains, Cham Museum, Bana
Hills, Hoi An Ancient Town, My Son Sanctuary, and Hue Citadel.
Citadines Blue Cove Danang offers a mix of studios
as well as one,
two and three-bedroom apartments. Most of the rooms
overlook the Danang Bay and the property boasts the world’s
highest and largest 24k gold-plated infinity pool as well as a
park showcasing sculptures of the wonders of the world. Other facilities
include a fitness centre, jacuzzi,
spa, ballroom, meeting rooms, and children’s playroom.
Citadines Regency Saigon
Citadines Regency Saigon is located in District 3, close to foreign embassies,
prime office towers and a variety of retail, dining and
The serviced residence is within walking
distance to popular tourist attractions such as the
Reunification Palace, Notre Dame Cathedral and War Remnants
Museum. It is also near the Central Business District area of
Citadines Regency Saigon offers 229
apartments comprising classic rooms, studios and one-bedroom
Facilities include a swimming pool, fitness centre,
children’s wading pool, sauna room, café, restaurant and
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