Friday, March 13, 2015
Ascott adds third property in Nusajaya, Iskandar Malaysia
The Ascott has secured a contract from UMCity Medini Lakeside Development to manage the group's third property in Nusajaya, stepping up its presence in Iskandar Malaysia.
Slated to open in early 2019, the 30-storey, 214-unit Citadines Medini Nusajaya is part of UMCity, a mixed-use development comprising offices and a retail podium, near Legoland theme park and Medini Lifestyle Mall.
The serviced residence is a 15-minute drive from the Malaysia-Singapore Second Link expressway and 25 minutes from Johor’s Senai International Airport.
Units will range from studios to one- and two-bedroom, each with a fully equipped kitchen, separate living, work and sleeping areas, and ensuite bathroom. Recreational facilities include a swimming pool and gymnasium.
Ascott opened Somerset Puteri Harbour Nusajaya last month, and will be opening Somerset Medini Nusajaya later this year.
Gerald Yong, Ascott’s chief investment officer, said: “Our first Citadines Apart’hotel in Malaysia, Citadines Uplands Kuching, has been enjoying very healthy occupancy since it opened in 2012. We see great potential in expanding our Citadines brand in Malaysia and in January 2015 we opened another Citadines Apart’hotel in Cyberjaya.
“With the addition of Citadines Medini Nusajaya, Ascott now has nine properties with more than 1,900 apartment units in Malaysia.”