Ascott unveils first Citadines Serviced Residence in Indonesia

Citadines Quartier Jakarta is Ascott’s 15th Citadines property to open in Asia Pacific.

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened its first Citadines serviced residence in Indonesia. The new 135-unit Citadines Quartier Jakarta is Ascott’s 15th Citadines property to open in the Asia Pacific region since the introduction of the brand from Europe to the region in 2006.

With Citadines Quartier Jakarta, Ascott strengthens its leadership position as the largest international serviced residence owner-operator in Indonesia with over 1,800 serviced apartment units across nine properties in Jakarta, Surabaya and Bali.

Mr Alfred Ong, Ascott’s Managing Director for Southeast Asia and Australia, said: “Our Ascott and Somerset properties in Indonesia have been achieving strong average occupancy of around 80%. The introduction of Citadines will enable us to reach another segment of customers – savvy travellers who value flexible services to suit their lifestyle needs. Indonesia’s economy is expected to remain strong, with the Economist Intelligence Unit forecasting growth of around 6% in 2010 and 2011. Sound economic fundamentals will help to attract more investments and increase visitor arrivals which will in turn generate demand for our serviced residences. We will continue to expand our presence in Indonesia with the opening of Ascott Kuningan Jakarta, Citadines Rasuna Jakarta and Citadines Kuta Bali in 2012.”

Citadines Quartier Jakarta is part of an integrated development that includes an office tower. Situated in the heart of the central business district bordering the quiet Dutch colonial enclave of Menteng, the serviced residence’s strategic location provides easy access to embassies and government offices as well as landmarks such as the Presidential Place and the National Monument. Museums, shopping malls, supermarkets, dining and entertainment outlets are also conveniently located within the vicinity, according to an Ascott report.

Citadines Quartier Jakarta offers studios, one- and two-bedroom apartments as well as lofts. Each unit comes with a fully-equipped kitchen, separate work and living areas, broadband Internet access, a home entertainment system with cable channels, DVD player and an iPod dock. Residents can also enjoy facilities such as an outdoor swimming pool, rooftop residents‟ lounge and gymnasium. In addition, the serviced residence offers a fully-serviced business area, called Klasse, which comprises a business centre, meeting rooms, an Internet café, banquet facilities and WiFi zones.

Residents can personalise their stay with the flexible menu by selecting optional services such as laundry, dry cleaning and meal delivery.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
Lorem Ipsum text in year 2025
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Exclusives

Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 2 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Event News

Video [Event News]
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley