search the site
 daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > Forum Pencakar Langit Malaysia > Skyscrapers & Buildings

Skyscrapers & Buildings refurbishments and completed skyscrapers and high-rise buildings

Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Thread Tools
Old June 20th, 2012, 06:05 PM   #61
Registered User
Join Date: Mar 2011
Location: Kuala Lumpur
Posts: 827
Likes (Received): 64

daniu79 no está en línea   Reply With Quote

Sponsored Links
Old July 8th, 2014, 12:32 PM   #62
Registered User
davidwsk's Avatar
Join Date: Feb 2006
Location: Kuala Lumpur
Posts: 11,784
Likes (Received): 3221

Ascott REIT to buy serviced residences in Malaysia, China

July 7, 2014

SINGAPORE: Ascott Residence Trust (Ascott REIT) has entered into conditional agreements to acquire its first serviced residence in Kuala Lumpur, Malaysia, as well as, Wuhan and Xi’an in China.

The total property value of the acquisition is S$173.9 million (RM445 million).

Ascott REIT would acquire the 207-unit Somerset Ampang Kuala Lumpur from The Ascott Ltd for RM175 million.

Ascott REIT would also acquire the 249-unit Citadines Zhuankou Wuhan and the 251-unit Citadines Gaoxin Xi’an for 252 million yuan (RM129 million) and 270 million yuan, respectively, from Ascott Serviced Residence (China) Fund.

The three serviced residences would continue to be managed by Ascott.

Commenting on the acquisition, Ascott Residence Trust Management Ltd chairman Lim Jit Poh said that it was their first acquisition of a serviced residence in Malaysia, which has a stable and growing economy.

“The acquisition of the two properties in Wuhan and Xi’an will further expand our presence in China. Many multinational corporations have established offices in Malaysia, increasing foreign direct investment by 25 per cent, year-on-year, to a record RM38.8 billion in 2013.

“This trend is expected to gain momentum given the government’s pro-business policies to make Malaysia a business and investment-friendly destination.

“Demand for serviced residences in China remains strong due to the continual influx of multinational companies and increasing domestic and international business travel,” Lim said.

Ascott Residence chief executive officer Ronald Tay said Kuala Lumpur was a key commercial centre and a gateway for international travellers to Malaysia.

“The government is positioning the city as a leading destination in Asia for meetings, conferences and exhibitions having secured many international events.

“Kuala Lumpur’s modern infrastructure, quality facilities and competitive business costs will continue to attract multinational companies to set up businesses in the city and drive demand from expatriates and travellers for serviced residences,” he added. Bernama

davidwsk no está en línea   Reply With Quote
Old June 29th, 2017, 07:18 AM   #63
Registered User
nazrey's Avatar
Join Date: Sep 2003
Posts: 90,600
Likes (Received): 10430

HSC Medical Center

Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!

davidwsk liked this post
nazrey no está en línea   Reply With Quote


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity

All times are GMT +2. The time now is 08:23 AM.

Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu