Ascott bags contracts for two new residences in Foshan and Hong Kong

Ascott M-City, its first serviced residence in Foshan, is slated to open in 2016.

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, has clinched contracts to manage two properties in Foshan and Hong Kong SAR. Ascott now has over 7,000 apartment units in 40 properties across 17 cities.

The 186-unit premier Ascott M-City Foshan, which is Ascott’s first serviced residence in Foshan, is slated to open in 2016. The 71-unit Somerset Victoria Park Hongkong will be Ascott’s second serviced residence in Hong Kong when it opens in 2013. Ascott currently owns and operates Citadines Ashley Hongkong which is located in the bustling Tsim Sha Tsui district.

Ascott M-City Foshan has a prime location in Foshan’s newly-developed central business district - Dongping New Town. The serviced residence is part of the Dongping New Town Transportation Centre, which is a landmark development comprising Grade A offices and a shopping mall.

Somerset Victoria Park Hongkong is located near Victoria Park and Causeway Bay, which is one of Hong Kong’s busiest commercial, retail and entertainment districts. The serviced residence is surrounded by office towers including AIA Tower, Citicorp Center and Manulife Tower.