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 CapitaLand’s serviced residence business unit, The Ascott Limited (Ascott), has clinched contracts to manage two properties in Foshan and Hong Kong SAR. The 186-unit 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. The latest additions will grow Ascott’s number of serviced residences in China to over 7,000 apartment units in 40 properties across 17 cities.

Ascott M-City Foshan is located in Dongping New Town, and is part of the Dongping New Town Transportation Centre, a landmark development comprising Grade A offices and a shopping mall. When completed, it will offer apartments ranging from studios to three-bedroom units. Residents can also enjoy extensive facilities including a swimming pool, gymnasium, yoga room, reading room, business centre, conference room and breakfast lounge.

Somerset Victoria Park Hongkong is located near Victoria Park and Causeway Bay. It will offer a range of stylish studio, one- and two-bedroom apartments. Residents can make use of the gymnasium at the serviced residence and enjoy such recreational facilities as dining and entertainment options in the nearby Causeway Bay Sports Ground, and shopping malls including Times Square, Windsor House and Sogo.

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