Ascott Signs Third Property in Chengdu

Travel News Asia Latest Travel News Podcasts Videos Thursday, 19 July 2012

Ascott has signed a contract to manage its third property in Chengdu - the 296-apartment Ascott Raffles City Chengdu, scheduled to open in 2013.

Ascott Raffles City Chengdu is located in the heart of Chengdus bustling business centre along Renmin Nan Road. It is part of the Raffles City Chengdu integrated development which is designed by renowned architect Steven Holl and comprises serviced residences, Grade A offices, luxury apartments and a shopping mall.

Ascott Raffles City Chengdu is connected to a metro interchange and is surrounded by commercial towers, retail shops, restaurants and entertainment outlets.

When completed, Ascott Raffles City Chengdu will offer studio, one, two and three-bedroom apartments.

Residents will be able to enjoy comprehensive facilities such as an indoor swimming pool, sauna, spa, gymnasium, reading lounge, restaurants and childrens play area. The property will also feature a business centre and meeting rooms.

Mr Lee Chee Koon, Ascotts Deputy Chief Executive Officer and Managing Director for North Asia, said, Besides expanding in the gateway cities such as Beijing and Shanghai, we also see tremendous potential in Chinas high growth cities such as Chengdu, Wuhan and Xiamen. These cities have been attracting investments from many multinational and local corporations due to their rapid urbanisation and strong infrastructure. Chengdu, Wuhan and Xiamen are also well-known tourist destinations. By strengthening our foothold in these cities, we can cater to the growing demand for quality accommodation from both international and domestic travellers.

Ascott Raffles City Chengdu is our third serviced residence within CapitaLands signature Raffles City brand of integrated developments. We launched Ascott Raffles City Beijing in 2009 and Ascott Raffles City Hangzhou is scheduled to open in 2015. When Ascott Raffles City Chengdu opens next year, it will offer our guests another first class experience with a world of conveniences like shopping and dining right at their doorstep, added Mr Lee.

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