Ascott secures forty-second property in China

Ascott Raffles City Chengdu will offer 296 luxury apartments in 2013 launch.

In a release, CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, has secured a contract to manage its third property in Chengdu. The premier Ascott Raffles City Chengdu will offer 296 luxurious apartments when it opens in 2013.

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This follows Ascott’s recent contract wins to manage its first serviced residence in Xiamen, Citadines Jinshang Road Xiamen, and its second property inWuhan, Somerset Wusheng Wuhan, which are scheduled to open in late 2012 and 2013 respectively. The new properties further enhance Ascott’s leadership position as the largest international serviced residence owner-operator in China with about 7,800 apartment units in 42 properties across 17 cities.

Ascott Raffles City Chengdu is strategically located in the heart of Chengdu’s 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 spacious and luxurious studio, one-, two- and three-bedroom apartments. Residents can enjoy comprehensive facilities such as an indoor swimming pool, sauna, spa, gymnasium, reading lounge, restaurants and children’s play area. Business travellers can also make use of the serviced residence’s business centre and meeting rooms.