Already slated to open a Somerset serviced apartments block in Puteri Harbour, Johor, The Ascott Ltd will also manage a 310-unit Somerset Medini Iskandar in the “urban wellness” integrated joint venture between Khazanah Nasional Bhd and Temasek Holdings (Private) Ltd.
It is due to open at the end of 2015.
Owned by CapitaLand, one of Singapore’s largest real estate companies, The Ascott is also due to open: Ascott Sentral Kuala Lumpur later this year, Citadines D’Pulze Cyberjaya and Somerset Puteri Harbour Iskandar next year, as well as Somerset Damansara Uptown Petaling Jaya in 2016.
Already operating in Malaysia are Ascott Kuala Lumpur and Marc Service Suites near KLCC, Somerset Ampang in Menara HSC as well as Seri Bukit Ceylon Residences.
Another brand under The Ascott’s stable, besides Ascott and Somerset, is Citadines, which caters towards “independent travellers”.
Source – StarProperty.my
Food for thought: To set the pace of opening a few new development over a span of a few years in a location spells confidence and opportunity. Many may feel that Malaysia is a developing country and thus, may not be so viable to invest in Malaysia or “put all the eggs in one basket” mindset.
If not today, then when is the question we should seriously ask ourselves. Do you want to wait till all is matured, with the MRT lines fully operational before we believe? Invest in your Financial Education and increase your Financial IQ instead of listening to noises. Learn from those who invest with success and invest in yourself before it is too late. Awesome!