Frasers signs Second Serviced Residence in Kuala Lumpur

Frasers Hospitality has signed its second serviced residence in Kuala Lumpur. Located in the immediate vicinity of the iconic Petronas Towers in Kuala Lumpur’s city centre, the 446-unit serviced residence development will be named “Fraser Residence Kuala Lumpur”.

In July last year, Frasers Hospitality announced its foray into Malaysia with Kar Sin Bhd for a 217-unit serviced apartment development at Jalan Perak called “Fraser Place Kuala Lumpur”. This is part of a mixed development within walking distance of the Petronas Towers and is also owned by YNH Property Bhd.

The new YNH development, which will be constructed on vacant land facing both Jalan Ampang and Jalan Sultan Ismail is close to two light rail stations and surrounded by entertainment malls, tourist attractions and offices.

Fraser Residence Kuala Lumpur will comprise two towers with one and two-bedroom serviced apartments.

It will feature a sky gymnasium, infinity lap pool, whirl pool and sauna and is scheduled for completion in 2012.

Fraser Place Kuala Lumpur which is scheduled for completion in the third quarter of 2009 will offer Gold-Standard serviced residences comprising studios, one and two-bedroom units and luxurious penthouses.

Every apartment has a separate bedroom, a fully-equipped kitchen complete with dishwasher, cooking implements, cutlery, washer and dryer. Residents can also make use of its all-day dining outlet, meeting and function rooms, state-of-the-art fitness centre as well as an inviting playroom for children.

“Our ties with YNH are greatly strengthened with our second major Kuala Lumpur project and reflects our vision of becoming a leading name in serviced apartments in Malaysia,” said Frasers Hospitality’s Chief Executive Officer, Mr Choe Peng Sum. “It also underscores the commitment to Malaysia and our confidence in the long-term potential in this market.”

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